The crypto market is broadly bearish right now: institutions are pulling out, ETFs have seen consecutive outflows, and the Binance fallout is still lingering. BTC is holding around $74,000 thanks to short covering—not because genuine bulls have returned. In the short term, the question is whether it can hold $74,000; if not, it may continue grinding lower.
The bearish ETH thesis from Eagle still appears to be playing out, judging by today’s fund flows. As mentioned, there’s a very high likelihood that Huang will be removed, and that would continue to negatively affect Nvidia, so the outlook remains mostly bearish. #eth
The bearish ETH thesis from Eagle still appears to be playing out, judging by today’s fund flows. As mentioned, there’s a very high likelihood that Huang will be removed, and that would continue to negatively affect Nvidia, so the outlook remains mostly bearish. #eth