The market got caught off guard again.


I’m watching Bitcoin react harder to macro than most people want to admit.
The U.S. adding 115K jobs when expectations were almost half that tells me liquidity fears are not dead yet.
I think traders got too comfortable pricing in aggressive rate cuts and easy money returning overnight.
Strong labor data changes the entire mood because the Fed suddenly has room to stay restrictive longer.
I don’t see this as bearish long term for crypto, but I do see it as a warning for overleveraged tourists chasing green candles.
Every cycle reminds me that macro always comes back to humble this market when confidence gets too euphoric.
BTC-0.09%
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