Gold has plunged six times, with only one core logic: high interest rates = capital inflows = risk asset valuation compression.



The crypto space works the same way:

Rate hikes → USD strengthens → liquidity tightens → crypto declines;

Rate cut expectations → liquidity eases → crypto rebounds.

History doesn't repeat itself, but it rhymes.

Understand the rate hike cycle, and you understand the on-off switch for crypto bull and bear markets.
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