THE MARKET MAY BE SETTING UP FOR A BIGGER DROP
The market is becoming increasingly difficult to read, but one thing stands out to me: the downside risk is growing.
$BTC has been extremely volatile, bouncing on positive headlines before quickly giving back those gains. The recent reaction to the CLARITY developments may provide some short-term support, but I don’t think it changes the bigger picture. #FedRateWatch
The real concern is the Fed.
If rates remain high or the Fed delivers a more hawkish outlook, pressure on risk assets could increase significantly. Crypto thrives on liquidity, and when yields become more attractive, investors have less reason to take additional risk.
The market is becoming increasingly difficult to read, but one thing stands out to me: the downside risk is growing.
$BTC has been extremely volatile, bouncing on positive headlines before quickly giving back those gains. The recent reaction to the CLARITY developments may provide some short-term support, but I don’t think it changes the bigger picture. #FedRateWatch
The real concern is the Fed.
If rates remain high or the Fed delivers a more hawkish outlook, pressure on risk assets could increase significantly. Crypto thrives on liquidity, and when yields become more attractive, investors have less reason to take additional risk.
