Many people are focused on whether the Fed will raise rates in October, overlooking the other side of the story: European Central Bank officials are already clearly leaning toward a rate hike in December, and the policy balance is becoming increasingly complex.
This is a sign that central banks around the world are tightening policy at the same time—not a solo performance by the Fed.
The liquidity taps on both sides are being turned off simultaneously, and risk assets are always the first to feel short of oxygen.
Against this macroeconomic backdrop, why am I holding on to my short positions in $BTC and $ETH ? Not because I’m predicting how far they’ll fall tomorrow, but because the odds are in my favor.
At the table, you don’t have to win every hand; you just have to patiently bet on your opponents making mistakes.
Those who are fully invested in longs are the fish who, knowing a rate hike is coming, still stay in all the way to the river.
What do you think: will rates around the world go up or down in December?
This is a sign that central banks around the world are tightening policy at the same time—not a solo performance by the Fed.
The liquidity taps on both sides are being turned off simultaneously, and risk assets are always the first to feel short of oxygen.
Against this macroeconomic backdrop, why am I holding on to my short positions in $BTC and $ETH ? Not because I’m predicting how far they’ll fall tomorrow, but because the odds are in my favor.
At the table, you don’t have to win every hand; you just have to patiently bet on your opponents making mistakes.
Those who are fully invested in longs are the fish who, knowing a rate hike is coming, still stay in all the way to the river.
What do you think: will rates around the world go up or down in December?