If you're still fading this market because you expect a Fed rate hike in October, stop now.
That kind of positioning has already cost traders millions who kept betting against liquidity even as the data shifted.
The odds of an October hike just fell to 17 percent. That's a meaningful drop, not some random print.
Last cycle when hike probabilities collapsed like this we got the 2024 alt run, the opposite of 2022 when they spiked and wrecked everything. Right now Fear and Greed is at 67 so the crowd is already greedy, which means any extra dovish signal usually sends capital out of $USDT and into names like $QNT and $WLD .
We've seen the pattern. Macro headline hits, Bitcoin tests the recent highs, then either we get the follow through or another rejection that dumps the alts first.
Where do you think this goes from here?
#FedOctoberRateHikeOddsFallTo17 #BitcoinRejectedAt #BitcoinParesGainsAfterRallyTo
That kind of positioning has already cost traders millions who kept betting against liquidity even as the data shifted.
The odds of an October hike just fell to 17 percent. That's a meaningful drop, not some random print.
Last cycle when hike probabilities collapsed like this we got the 2024 alt run, the opposite of 2022 when they spiked and wrecked everything. Right now Fear and Greed is at 67 so the crowd is already greedy, which means any extra dovish signal usually sends capital out of $USDT and into names like $QNT and $WLD .
We've seen the pattern. Macro headline hits, Bitcoin tests the recent highs, then either we get the follow through or another rejection that dumps the alts first.
Where do you think this goes from here?
#FedOctoberRateHikeOddsFallTo17 #BitcoinRejectedAt #BitcoinParesGainsAfterRallyTo
