Xa i-US PCE inflation inyusa isondela kwi-4%, i-crypto liquidity ihlala iqina ngaphambi kokuba amaxabiso aphendule.

Abatyalimanani abaninzi babukela iikhandlela kuphela. Emva koko idatha ye-inflation iyawa, izivuno zihamba, kwaye ngequbuliso izikhundla zabo ze-alt ziyopha iintsuku ngaphandle kwesizathu esicacileyo. Kuyabonakala ngathi kuyenzeka ngokungahleliwe, kodwa ngokuqhelekileyo akunjalo.

I-PCE iyindlela yokulinganisa yokunyuka kwamaxabiso (inflation) iFederal Reserve eyibheka ngokusondeleyo. Xa isiza ishushu kunokuba bekulindelwe, iimarike ziqala ukucinga ngokunyuka kwamaqondo enzala ahlala ixesha elide. Oku kutsala imali yolwelo (liquidity) iye kwizivuno ezikhuselekileyo ezifana neeTreasuries, kude nezinto zengozi (risk assets). Kwi-crypto, olu tshintsho luhlala lubonakala njengokupakisha imali e-$USDT ngelixa iitokheni ezine-beta ephezulu ezifana $OP or $ARB struggle ukugcina umfutho.

Ngempela ungabona iphethini phakathi nemijikelezo yokwehla kwamandla emali okukhulu. Umfutho we-macro ushaya kuqala, i-BTC iyaqopha (iyaqhubeka ihamba kancane), bese kuba khona ukuncipha kokheshi okugeleza kusukela ekupheleni—kumthamo omude—wama-alts. Abahwebi abangalaleli isizinda se-macro bagcina bethenga “ama-dips” angempela angukuphuma kokheshi ohlelweni.

Njengoba i-PCE ishisa futhi, futhi isimo sengqondo sesivele singaphakathi kokwesaba, ingozi enkulu akusikho nje ukuguquguquka. Kuwukucabanga ukuthi i-crypto ihweba yodwa, kanti idatha ye-macro ngokusobala iyalawula ukugeleza kwemali.

Uyazibuza ukuthi abanye bazibeka kanjani phakathi nalezi zikhawu zokwanda kokwehla kwamandla emali—ukuhlala kuvikelekile kuma-stables, noma kusenzeka ukushintsha kungenela kuma-alts?

#USPCEInflationHits4 #USTreasuriesRise #OilFuturesFallAbout4