$BTC just punched through $85,000 and $ETH is absolutely ripping — $60 million in shorts got liquidated in 15 minutes.
The catalyst? GDP printed at 2.2%, way above expectations, while PCE inflation dropped to a 6-month low.
This is the goldilocks macro setup: growth holding up, inflation cooling down. Risk assets love this combo. When the Fed's dual mandate looks this balanced, liquidity flows back into crypto fast.
Short squeeze momentum like this tends to feed on itself. Forced buying from liquidations creates upward pressure, which triggers more stops, which forces more buying. Classic reflexivity.
Watch how $BTC behaves around $85k — if it holds above this level into the weekend, next leg could target $90k. $ETH's strength relative to $BTC also signals altcoin rotation might be starting.
Macro backdrop matters more than ever right now. Soft landing narrative is back on the table, and crypto is pricing that in aggressively.
The catalyst? GDP printed at 2.2%, way above expectations, while PCE inflation dropped to a 6-month low.
This is the goldilocks macro setup: growth holding up, inflation cooling down. Risk assets love this combo. When the Fed's dual mandate looks this balanced, liquidity flows back into crypto fast.
Short squeeze momentum like this tends to feed on itself. Forced buying from liquidations creates upward pressure, which triggers more stops, which forces more buying. Classic reflexivity.
Watch how $BTC behaves around $85k — if it holds above this level into the weekend, next leg could target $90k. $ETH's strength relative to $BTC also signals altcoin rotation might be starting.
Macro backdrop matters more than ever right now. Soft landing narrative is back on the table, and crypto is pricing that in aggressively.
