While everything else is rising, why is crypto the only one falling?
Author: Jasper De Maere, OTC Strategist at Wintermute
Compiled by: Tim, PANews
The macro environment remains supportive, with favorable developments such as interest rate cuts, the conclusion of quantitative tightening, and equity indices nearing record highs. However, the cryptocurrency market continues to lag as post-Fed meeting capital flows dissipate. Global liquidity keeps expanding, but funds are not flowing into the crypto market. ETF inflows have stalled, decentralized AI-related activities have dried up, and only stablecoins show growth. Leverage has been largely cleared, and the market structure appears healthy. However, a recovery in ETF or DAT inflows will be the key signal for liquidity restoration and the potential onset of…
