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![onechancefreedm Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1448432122881101826.png) EndGame Macro [@onechancefreedm](/creator/twitter/onechancefreedm) on x 39K followers
Created: 2025-07-18 00:35:52 UTC

The last time we saw anything even remotely comparable was during the late 1990s dot-com bubble, when retail speculation surged and derivatives began distorting underlying market behavior. But even then, the structure was primitive by comparison it was slower, less reflexive, and largely disconnected from intraday mechanics. What’s happening now is unprecedented with nearly two thirds of SPX option volume is tied to zero day (0DTE) contracts, meaning same day expiries are driving the majority of equity market flows. Real investing has been eclipsed by a new structure where intraday gamma flows, not fundamentals or valuations, determine price.

Unlike 2008’s crisis, where leverage was buried in opaque, slow burning credit products like CDOs, today’s risk is hyper liquid, democratized, and instantaneous. The entire market has been reprogrammed into a real-time volatility engine, a feedback loop dominated by leveraged short term bets from retail traders and systematic hedging algorithms. We’re not just in a casino anymore. We’ve engineered the casino into the core architecture of the financial system.

![](https://pbs.twimg.com/tweet_video_thumb/GwGaG6iWIAA8Hkv.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946005968786985199/c:line.svg)

**Related Topics**
[spx](/topic/spx)
[bubble](/topic/bubble)
[macro](/topic/macro)
[endgame](/topic/endgame)

[Post Link](https://x.com/onechancefreedm/status/1946005968786985199)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

onechancefreedm Avatar EndGame Macro @onechancefreedm on x 39K followers Created: 2025-07-18 00:35:52 UTC

The last time we saw anything even remotely comparable was during the late 1990s dot-com bubble, when retail speculation surged and derivatives began distorting underlying market behavior. But even then, the structure was primitive by comparison it was slower, less reflexive, and largely disconnected from intraday mechanics. What’s happening now is unprecedented with nearly two thirds of SPX option volume is tied to zero day (0DTE) contracts, meaning same day expiries are driving the majority of equity market flows. Real investing has been eclipsed by a new structure where intraday gamma flows, not fundamentals or valuations, determine price.

Unlike 2008’s crisis, where leverage was buried in opaque, slow burning credit products like CDOs, today’s risk is hyper liquid, democratized, and instantaneous. The entire market has been reprogrammed into a real-time volatility engine, a feedback loop dominated by leveraged short term bets from retail traders and systematic hedging algorithms. We’re not just in a casino anymore. We’ve engineered the casino into the core architecture of the financial system.

XXXXXX engagements

Engagements Line Chart

Related Topics spx bubble macro endgame

Post Link

post/tweet::1946005968786985199
/post/tweet::1946005968786985199