Largest equity deleveraging in 10 years
Binance hacked for $6B
Gold dumped 3.6% in a day
Oil back at $104
War escalation fears spiking

Any of these alone used to trigger 30% corrections.

Now? Markets barely flinch.

Either we're in a new paradigm or everyone's ignoring the warnings. Risk-on is relentless but the macro setup screams fragility.

What's holding this together?