Oil is now extending its decline, with WTIï»ż$WTI.US sliding more than 5%. At the same time, Treasury yields are moving lower while Bitcoin remains relatively flat.
My take: this is the kind of macro shift Iâve been watching for.
If oil keeps cooling, inflation pressure could ease, which may support bonds and eventually create a more favorable environment for risk assets.
Iâm watching oil â + yields â + $BTC holding strong very closely.
This could be the setup before the next major market move. đđ
#Oil #Bitcoin #Macro #Markets #Crypto