Macro View #CRYPTO 📌

The Fed’s 25 bps cut doesn’t change the real picture

True relief only comes when policy rates drop below the 2-year yields.We’re not there yet

The real vulnerability is Japan

As the BOJ tightens, global liquidity can’t expand.
So the Fed’s small “makeup cut” isn’t enough to lift markets

This isn’t an easy bull — it’s a testing environment.
Hype burns traders

Discipline pays

#Altcoins #Bitcoin