💥💥💥 Ahead lies an extremely busy Q4

🔸 The Fed raises rates again. In September, the rate increased to 3.75–4%, and the market is pricing in further tightening. High rates reduce liquidity and typically weigh on Bitcoin and altcoins.

🔸 The yield on 10-year US Treasuries has broken above 5%. Risk-free assets become more attractive, and it’s harder for capital to move into risk—especially into crypto.

🔸 Oil around $100 and above. Expensive energy heightens inflation risks, which may mean the Fed keeps a tight policy for longer.

🔸 US Congressional elections in ~45 days. For the crypto market, this adds another layer of political uncertainty—especially against the backdrop of stalled crypto bills.

🔸 The AI boom continues, and massive investments in data centers and infrastructure support demand for capital—one of the factors weighing on long-term yields.

👉 For crypto, the main risk is the combination of expensive money, high bond yields, and inflation. But Bitcoin is still holding up noticeably better than you might expect: after the September rate hike, the market didn’t collapse.

☝️ Historically, Q4 has been the strongest quarter for Bitcoin.

#macro #BTC