MACRO SIGNAL: Why Today’s $BTC Pullback Reflects a Policy-Driven Liquidity Shift.
This move isn’t random. It reflects a broader market adjustment to changing policy expectations.
Stronger-than-expected PPI data and a more hawkish Federal Reserve outlook prompted a typical risk-off response. As liquidity expectations tighten, risk assets like $BTC and $ETH come under pressure. This dynamic extends beyond crypto.
On-chain data suggests this is not panic selling. Leverage is being reduced in an orderly manner rather than through forced liquidations. This points to institutional risk reduction, not capitulation.
Verdict: Bearish. Crypto markets are currently reacting to interest-rate expectations rather than underlying fundamentals. Price action remains closely tied to the Fed’s guidance.
#MacroInsights #FederalReserve #CryptoTrading
