The Fed cut 25 bps and crypto still dropped.
Markets don’t react to headlines.
They react to positioning.
Everyone was already leaning long into a dovish pivot.
So the cut confirmed expectations instead of unlocking upside.
The real signal is what happens after the flush.
If liquidity projections keep rising while leverage resets,
the next leg gets a cleaner runway.
Markets don’t react to headlines.
They react to positioning.
Everyone was already leaning long into a dovish pivot.
So the cut confirmed expectations instead of unlocking upside.
The real signal is what happens after the flush.
If liquidity projections keep rising while leverage resets,
the next leg gets a cleaner runway.
