The Federal Reserve is expected to deliver its decision tonight, and it will most likely be the first rate hike in three years. I think the market isn’t afraid of this first “cut.”
Once the rate-hike expectations kick in, this round of long positions gets wiped out brutally—just in the past hour alone, the entire web saw liquidations of more than $100 million, almost entirely longs. Bad news is already priced in and dumped before the hike—classic “sell the expectation.”
What really matters is what comes in the next few lines.
The market is pricing in more than just one hike now; by next June, it could total three times. The 10-year U.S. Treasury yield has already broken 5%, the highest since 2007. But crypto has been decoupled from the macro environment for the past two years—ETFs and Treasury-related firms are stepping in as buyers, and BTC has its own demand. A rate hike is a headwind, not a death sentence.
Don’t get trapped by the old script of “it breaks when they hike.” My stance: cautious in the short term—people who really hold are looking at what happens three years from now.#美联储加息是否已成定局 #Zcash上涨6% $BTC
$ZEC
Once the rate-hike expectations kick in, this round of long positions gets wiped out brutally—just in the past hour alone, the entire web saw liquidations of more than $100 million, almost entirely longs. Bad news is already priced in and dumped before the hike—classic “sell the expectation.”
What really matters is what comes in the next few lines.
The market is pricing in more than just one hike now; by next June, it could total three times. The 10-year U.S. Treasury yield has already broken 5%, the highest since 2007. But crypto has been decoupled from the macro environment for the past two years—ETFs and Treasury-related firms are stepping in as buyers, and BTC has its own demand. A rate hike is a headwind, not a death sentence.
Don’t get trapped by the old script of “it breaks when they hike.” My stance: cautious in the short term—people who really hold are looking at what happens three years from now.#美联储加息是否已成定局 #Zcash上涨6% $BTC
$ZEC