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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