Despite extremely bullish on-chain metrics and whale accumulation, Bitcoinโs price action remains muted around the $90k zone. Many are asking: Why aren't we flying yet?
๐ฐ ๐๐ก๐ ๐๐๐ฐ๐ฌ (๐๐๐๐ซ๐จ ๐๐จ๐ง๐ญ๐๐ฑ๐ญ): The answer lies outside crypto. This week, we are seeing a temporary strengthening of the US Dollar Index (DXY) and rising bond yields in traditional finance. Historically, when the Dollar gains strength, risk assets like stocks and crypto face short-term pressure.
๐ง ๐๐ก๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ (๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ): We are currently in a tug-of-war. On one side, crypto natives are buying supply shock. On the other side, macro traders are cautious due to global economic data. This "macro-induced consolidation" is healthy. It shakes out weak hands while long-term holders continue to build positions at a discount.
๐ก ๐๐๐ซ๐๐ข๐๐ญ: Ignore the short-term noise from traditional markets. The fundamental structure of the crypto bull run remains intact. This is an accumulation zone, not a sell zone.
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๐จ ๐๐๐๐๐ ๐๐๐๐๐: ๐๐ก๐ ๐๐ง๐ฏ๐ข๐ฌ๐ข๐๐ฅ๐ ๐๐๐ง๐ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐๐ค
Despite extremely bullish on-chain metrics and whale accumulation, Bitcoinโs price action remains muted around the $90k zone. Many are asking: Why aren't we flying yet?
๐ฐ ๐๐ก๐ ๐๐๐ฐ๐ฌ (๐๐๐๐ซ๐จ ๐๐จ๐ง๐ญ๐๐ฑ๐ญ): The answer lies outside crypto. This week, we are seeing a temporary strengthening of the US Dollar Index (DXY) and rising bond yields in traditional finance. Historically, when the Dollar gains strength, risk assets like stocks and crypto face short-term pressure.
๐ง ๐๐ก๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ (๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ): We are currently in a tug-of-war. On one side, crypto natives are buying supply shock. On the other side, macro traders are cautious due to global economic data. This "macro-induced consolidation" is healthy. It shakes out weak hands while long-term holders continue to build positions at a discount.
๐ก ๐๐๐ซ๐๐ข๐๐ญ: Ignore the short-term noise from traditional markets. The fundamental structure of the crypto bull run remains intact. This is an accumulation zone, not a sell zone.
๐๐ผ๐ป๐ป๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฑ๐ผ๐๐ ๐ฏ๐ฒ๐๐๐ฒ๐ฒ๐ป ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐ฎ๐ป๐ฑ ๐ฐ๐ฟ๐๐ฝ๐๐ผ. ๐ฆ