JPMorgan's latest numbers: crypto inflows hit ~$50B this year, with Q4 carrying most of the momentum.
Annualized rate? ~$66B — that's roughly HALF of last year's pace.
The macro liquidity thesis is cooling. Inflows are still there, but the velocity is slowing. This isn't bearish per se, but it's a reality check.
If you're positioning for a face-ripping rally, watch for Q1 2025 liquidity catalysts. Otherwise, we're in a grind-higher regime, not a vertical moonshot.
Stay sharp. Capital rotation matters more than ever.
Annualized rate? ~$66B — that's roughly HALF of last year's pace.
The macro liquidity thesis is cooling. Inflows are still there, but the velocity is slowing. This isn't bearish per se, but it's a reality check.
If you're positioning for a face-ripping rally, watch for Q1 2025 liquidity catalysts. Otherwise, we're in a grind-higher regime, not a vertical moonshot.
Stay sharp. Capital rotation matters more than ever.