BTC back above $106K, ETH surging 20% off the lows, and the Senate is finally moving to end the government shutdown. Traders piled into the dip after one of the most volatile weeks since June. $400B got erased but it's coming back fast. This is what recovery looks like. #Crypto
what's the issue? the macro environment is legitimately rough, big institutional players take months to move capital around, and the whole market's in a standoff where nobody wants to be the first one to buy #Trump #tarrifs #GovernmentShutdown
bitcoin's surrounded by every bullish headline imaginable, sovereign funds, new ETFs, institutional adoption talk, but the price action looks like it forgot to show up to its own party.
what's interesting is he's saying they don't have enough data because of the shutdown, but he's still confident enough to push back on another cut
> seems like they're just trying to cool things down before markets get ahead of themselves #Trump #Shutdown #FederalReserve
powell basically tanked the rally today by saying a december rate cut is "far from" certain
markets were pricing in two more cuts by year-end and he just shut that down.
S&P grinding higher because earnings look decent, but CPI will basically going to dictate whether the Fed keeps cutting. traders have already started backing off their aggressive rate cut bets.
meanwhile $7.5T sits in money markets at ATHs. that's not top behavior but a mountain of cash waiting to rotate #BullMarket #BullRun #MarketOpen #MarketUpdate
-panicking over 3 days of ETF outflows while conveniently ignoring that ETH, SOL, and XRP ETPs saw INFLOWS, that's repositioning.
-daily charts broke lower. when we get a weekly close below the 50-week SMA鈥攖hat's the only line that actually ends cycles
-#BTC dominance is fading at resistance, institutions are ROTATING not exiting + we haven't hit the expansion phase of the business cycle yet