Market bears in #Bitcoin hunted long liquidity near US$80,000 as investors paused ahead of today’s release of the US Federal Reserve minutes and a critical auction of 10-year US Treasury bonds. The move reflects how closely crypto markets are now synchronized with the global macroeconomy and Federal Reserve decisions.
When high-impact events are on the horizon, such as FOMC minutes and US sovereign debt auctions, uncertainty often leads to a liquidity squeeze or tactical moves by bears to hunt leveraged long or bullish positions before a clearer direction emerges.
When high-impact events are on the horizon, such as FOMC minutes and US sovereign debt auctions, uncertainty often leads to a liquidity squeeze or tactical moves by bears to hunt leveraged long or bullish positions before a clearer direction emerges.