🚀 Key news of the day:
▪️ Macroeconomics vs. crypto: Rising yields on US and European government bonds are prompting liquidity to move away from risky assets into safe instruments.
▪️ Hawkish Fed: The probability of a rate hike in September reaches 66%, setting the stage for a sharp selloff.
▪️ Infrastructure risk: Disruptions to the Binance API during a potential spillover could lead to delayed orders, a liquidity shortage, and a cascade of liquidations.
▪️ Local demand: Domestic purchase volume in some regions creates a “safety cushion,” but it’s not enough to break the global trend.
🔮 Forecast:
In the near term, we can expect local consolidation with the risk of a downward correction. Until the macroeconomic backdrop is clarified, any positive fundamental news will be absorbed by the market with low effectiveness, and the growth of Bitcoin and altcoins will be limited.
The main signal for the market: The main indicators right now are the yield on 10-year US Treasury bonds (US10Y) and rate futures (CME FedWatch). The first sign of a return of large capital to crypto will be a break and reversal of Treasury yields downward. $AMZNB $MSFTB
▪️ Macroeconomics vs. crypto: Rising yields on US and European government bonds are prompting liquidity to move away from risky assets into safe instruments.
▪️ Hawkish Fed: The probability of a rate hike in September reaches 66%, setting the stage for a sharp selloff.
▪️ Infrastructure risk: Disruptions to the Binance API during a potential spillover could lead to delayed orders, a liquidity shortage, and a cascade of liquidations.
▪️ Local demand: Domestic purchase volume in some regions creates a “safety cushion,” but it’s not enough to break the global trend.
🔮 Forecast:
In the near term, we can expect local consolidation with the risk of a downward correction. Until the macroeconomic backdrop is clarified, any positive fundamental news will be absorbed by the market with low effectiveness, and the growth of Bitcoin and altcoins will be limited.
The main signal for the market: The main indicators right now are the yield on 10-year US Treasury bonds (US10Y) and rate futures (CME FedWatch). The first sign of a return of large capital to crypto will be a break and reversal of Treasury yields downward. $AMZNB $MSFTB
