If you're still buying every alt dip while the dollar index reclaims 101, stop now.
This is the exact setup that has wiped out leveraged longs more times than I can count. You feel like a genius on the way up, then DXY does its thing and your PnL looks like a crime scene.
We've seen this movie. When the dollar bounced back above 101 in previous cycles, crypto didn't just stall. It got humbled. 2022 was the masterclass. Traders ignored the greenback, piled into everything, and spent the next year waiting for a recovery that took forever.
Right now greed is at 73 and people are still rotating into $NEAR and $AAVE like the macro backdrop is optional. Meanwhile $USDT is one of the most searched tickers for a reason. Capital is getting cautious even if timelines aren't.
The US talking about promoting dollar stablecoins abroad only adds fuel. Stronger dollar, stickier yields, and a market that still wants to party. I've been wrong before, but ignoring DXY has never paid.
Where do you think this goes from here?
#DollarIndexReclaims101 #USWeighsPromotingDollarStablecoinsAbroad #US10YTreasuryYieldHits19YearHigh
This is the exact setup that has wiped out leveraged longs more times than I can count. You feel like a genius on the way up, then DXY does its thing and your PnL looks like a crime scene.
We've seen this movie. When the dollar bounced back above 101 in previous cycles, crypto didn't just stall. It got humbled. 2022 was the masterclass. Traders ignored the greenback, piled into everything, and spent the next year waiting for a recovery that took forever.
Right now greed is at 73 and people are still rotating into $NEAR and $AAVE like the macro backdrop is optional. Meanwhile $USDT is one of the most searched tickers for a reason. Capital is getting cautious even if timelines aren't.
The US talking about promoting dollar stablecoins abroad only adds fuel. Stronger dollar, stickier yields, and a market that still wants to party. I've been wrong before, but ignoring DXY has never paid.
Where do you think this goes from here?
#DollarIndexReclaims101 #USWeighsPromotingDollarStablecoinsAbroad #US10YTreasuryYieldHits19YearHigh
