Bitcoin ripped past $68,000, triggering $1.4 billion in short liquidations.
The catalyst wasn't crypto. The Treasury doubled bond buybacks, fueling risk appetite across markets. ETH and SOL are up, but TradFi led the charge.
Our read: Macro still runs the show. The Fed shrinks its balance sheet, but Treasury buybacks inject liquidity elsewhere. This rally isn't new capital entering crypto; it's existing capital finding a new home.
The real test: Is this sustainable, or just exit liquidity for dip buyers? With RSI(14) at 83, the easy gains are gone. $BTC must reclaim and hold $70,000. If it loses the EMA20 at $67,425, we fade the bounce.
$BTC $SOL
The catalyst wasn't crypto. The Treasury doubled bond buybacks, fueling risk appetite across markets. ETH and SOL are up, but TradFi led the charge.
Our read: Macro still runs the show. The Fed shrinks its balance sheet, but Treasury buybacks inject liquidity elsewhere. This rally isn't new capital entering crypto; it's existing capital finding a new home.
The real test: Is this sustainable, or just exit liquidity for dip buyers? With RSI(14) at 83, the easy gains are gone. $BTC must reclaim and hold $70,000. If it loses the EMA20 at $67,425, we fade the bounce.
$BTC $SOL