Gold moving in line with my analysis
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最后更新于 05.03.2025 19:24
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BITCOIN TO BE TREATED DIFFERENTLY FROM ALTCOINS IN US CRYPTO RESERVE, SAYS HOWARD LUTNICK
"The President definitely thinks that there's a bitcoin strategic reserve," Commerce Secretary Howard Lutnick reportedly told the outlet. "Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that
"The President definitely thinks that there's a bitcoin strategic reserve," Commerce Secretary Howard Lutnick reportedly told the outlet. "Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that
https://clicks.pipaffiliates.com/c?c=896910&l=en&p=0
Go get it now
For Gold also, my view is still same ...Expecting more lower level within this week and then potential bottom in next week...
Here's a timeline of the last ~36 hours:
At 10:24 AM ET on Sunday, Trump announced the US Crypto Reserve.
By 8:30 PM ET, Crypto markets had gone from ~$2.7T to ~$3.1T in value, recouping most of their recent losses.
Now, 24 hours later, crypto markets are down to $2.6T.
This came with a huge swing in sentiment in what appears to have been a colossal retail trap.
Prior to the announcement of the Reserve, the Crypto Fear & Greed index was at ~20, extreme fear.
It then soared to ~55, nearing greed levels, before falling right back into ~24 now.
In the last week of February, crypto saw a RECORD weekly outflow, and it wasn't even close.
Crypto funds posted a record $2.6 BILLION outflow for the week.
This is ~$500 million above the previous record set in 2024.
Bitcoin is also bleeding lower.
It now trades 3% BELOW its pre-US reserve announcement levels.
Over the last 12 hours, Bitcoin alone has erased nearly $250 BILLION of market cap.
So, why is capital rotating out of crypto following one of the most bullish announcements ever?
The real driver here is the GLOBAL move towards the risk-off trade.
As trade war tensions rise and economic policy uncertainty broadens, ALL risky assets are falling.
This was seen in stocks, crypto and oil prices which all fell sharply today.
At 10:24 AM ET on Sunday, Trump announced the US Crypto Reserve.
By 8:30 PM ET, Crypto markets had gone from ~$2.7T to ~$3.1T in value, recouping most of their recent losses.
Now, 24 hours later, crypto markets are down to $2.6T.
This came with a huge swing in sentiment in what appears to have been a colossal retail trap.
Prior to the announcement of the Reserve, the Crypto Fear & Greed index was at ~20, extreme fear.
It then soared to ~55, nearing greed levels, before falling right back into ~24 now.
In the last week of February, crypto saw a RECORD weekly outflow, and it wasn't even close.
Crypto funds posted a record $2.6 BILLION outflow for the week.
This is ~$500 million above the previous record set in 2024.
Bitcoin is also bleeding lower.
It now trades 3% BELOW its pre-US reserve announcement levels.
Over the last 12 hours, Bitcoin alone has erased nearly $250 BILLION of market cap.
So, why is capital rotating out of crypto following one of the most bullish announcements ever?
The real driver here is the GLOBAL move towards the risk-off trade.
As trade war tensions rise and economic policy uncertainty broadens, ALL risky assets are falling.
This was seen in stocks, crypto and oil prices which all fell sharply today.
