📊 Weekly Recap: The Clarity Act Flop & The Fed's First Hike
Crypto de-risked into a wall of major decisions this week. Bitcoin fell from $79k to $75.6k as the Senate killed the CLARITY Act and markets prepared for the Fed's first rate hike since 2023.
📌 The Macro Pivot
Energy-driven inflation and hawkish central bank expectations set a risk-off tone across markets.
• Inflation Spike: August PPI reached 5.4 percent year over year, driven by a 24.1 percent monthly jump in diesel. CPI rose to 3.4 percent, with gasoline accounting for over a third of the monthly increase.
• Rate Hike Odds: Markets now price a 90 percent chance of a 25 basis point Fed rate hike to 3.75–4.00 percent on September 16, with expectations scaling to four hikes by June 2027.
• Energy and Markets: Brent crude spiked 8.9 percent to peak at $109.80 before pulling back on Oman meeting reports. 10 year Treasury yields pushed above 5 percent.
📌 Bitcoin Flash Cut
$BTC dropped from $78.4k down to $75.6k following the failed Senate cloture vote, marking its biggest single day drop since June.
• Price Action: BTC lost $79k support and touched $75.6k. Overhead resistance sits firmly at $83k, though a daily golden cross recently formed.
• ETF Flows: $BTC ETFs saw four straight outflow days, losing $462.7M for the week. September 15 recorded a single day net outflow of $450.4M, bringing YTD net flows back to negative $1.46B.
• ETH Relative Strength: $ETH ETFs pulled in $197M for the week and hold over $1.06B YTD. ETH held support between $2,432 and $2,505.
• Corporate Buys: Strive added 469 BTC to hit a 25,000 BTC total, while BitMine added over 27,000 ETH.
📌 Sentiment and Regulation
The Fear and Greed index cooled from 76 to 62. The Senate cloture vote failed on September 15, removing a major regulatory catalyst.
Liquidations reached $685.6M with open interest dropping to $133.4B. Major liquidation clusters now rest at $74.7k and $76.8k.
Crypto de-risked into a wall of major decisions this week. Bitcoin fell from $79k to $75.6k as the Senate killed the CLARITY Act and markets prepared for the Fed's first rate hike since 2023.
📌 The Macro Pivot
Energy-driven inflation and hawkish central bank expectations set a risk-off tone across markets.
• Inflation Spike: August PPI reached 5.4 percent year over year, driven by a 24.1 percent monthly jump in diesel. CPI rose to 3.4 percent, with gasoline accounting for over a third of the monthly increase.
• Rate Hike Odds: Markets now price a 90 percent chance of a 25 basis point Fed rate hike to 3.75–4.00 percent on September 16, with expectations scaling to four hikes by June 2027.
• Energy and Markets: Brent crude spiked 8.9 percent to peak at $109.80 before pulling back on Oman meeting reports. 10 year Treasury yields pushed above 5 percent.
📌 Bitcoin Flash Cut
$BTC dropped from $78.4k down to $75.6k following the failed Senate cloture vote, marking its biggest single day drop since June.
• Price Action: BTC lost $79k support and touched $75.6k. Overhead resistance sits firmly at $83k, though a daily golden cross recently formed.
• ETF Flows: $BTC ETFs saw four straight outflow days, losing $462.7M for the week. September 15 recorded a single day net outflow of $450.4M, bringing YTD net flows back to negative $1.46B.
• ETH Relative Strength: $ETH ETFs pulled in $197M for the week and hold over $1.06B YTD. ETH held support between $2,432 and $2,505.
• Corporate Buys: Strive added 469 BTC to hit a 25,000 BTC total, while BitMine added over 27,000 ETH.
📌 Sentiment and Regulation
The Fear and Greed index cooled from 76 to 62. The Senate cloture vote failed on September 15, removing a major regulatory catalyst.
Liquidations reached $685.6M with open interest dropping to $133.4B. Major liquidation clusters now rest at $74.7k and $76.8k.
