Tom Lee speaks out tonight: Bitcoin is rising on expectations, not money
🔻 Tonight’s strongest takeaway
Tom Lee said in a recent interview that after weak nonfarm payrolls, tech stocks and crypto rose together. At its core, the market is betting in advance that financial conditions will turn more accommodative. This isn’t just feel-good talk—it gets to the heart of why Bitcoin surged to $87,000.
🔻 A closer look
But look at the liquidation data: $43.54 million in short positions were liquidated over 24 hours, a little more than twice the amount of long liquidations. Yet no fresh money has entered the market—it’s purely short covering. The odds of a rate hike in October have plunged to 17.7%, but December is still at 68.7%. That shows the market believes rates won’t rise in the short term, but doesn’t believe the cycle has reversed. With Treasury yields at 5.28% and Brent crude at $103, Bitcoin is being lifted by expectations, not pushed higher by capital flows.
🔻 My take
I buy Tom Lee’s long-term easing narrative; the case for holding a core Bitcoin position remains intact. But I wouldn’t chase the $87,000 wick in the short term—rallies without fresh money coming in are paper gains. Hold as long as $85,000 holds; even if it breaks $87,000, don’t rush in. Wait for Wednesday’s Fed minutes and see how Treasuries respond afterward. Follow my market analysis: watch the money flows, not the candlesticks. If the money hasn’t arrived, all the excitement is just a shakeout.
Tom Lee says easing is here. Do you believe him, or are you waiting for the minutes to prove him wrong? 👇
BTC #ETH
🔻 Tonight’s strongest takeaway
Tom Lee said in a recent interview that after weak nonfarm payrolls, tech stocks and crypto rose together. At its core, the market is betting in advance that financial conditions will turn more accommodative. This isn’t just feel-good talk—it gets to the heart of why Bitcoin surged to $87,000.
🔻 A closer look
But look at the liquidation data: $43.54 million in short positions were liquidated over 24 hours, a little more than twice the amount of long liquidations. Yet no fresh money has entered the market—it’s purely short covering. The odds of a rate hike in October have plunged to 17.7%, but December is still at 68.7%. That shows the market believes rates won’t rise in the short term, but doesn’t believe the cycle has reversed. With Treasury yields at 5.28% and Brent crude at $103, Bitcoin is being lifted by expectations, not pushed higher by capital flows.
🔻 My take
I buy Tom Lee’s long-term easing narrative; the case for holding a core Bitcoin position remains intact. But I wouldn’t chase the $87,000 wick in the short term—rallies without fresh money coming in are paper gains. Hold as long as $85,000 holds; even if it breaks $87,000, don’t rush in. Wait for Wednesday’s Fed minutes and see how Treasuries respond afterward. Follow my market analysis: watch the money flows, not the candlesticks. If the money hasn’t arrived, all the excitement is just a shakeout.
Tom Lee says easing is here. Do you believe him, or are you waiting for the minutes to prove him wrong? 👇
BTC #ETH