Solid ISM Print & FED Inject BILLIONS
Subtle Shockwaves
Systematically and fundamentally a strong week for markets, which we saw price reflect earlier on in the week, however the last few days have seen some of those gains handed back.
Let’s dive in.
At the start of the week we saw a Whitehouse reporter say that the Crypto Market Structure Bill (Clarity Act) final text is "very close" to moving forward. This bill getting signed could be the catalyst we need to kick start the next run.
The ISM also came in at 52.4, signalling Economic expansion, for the second month in a row.
The FED also injected $3 BILLION into the U.S. banking system via overnight repo operations & new data from Crypto Quant shows Long Term Holders have added 212,000 $BTC over the past MONTH.
Meanwhile, the percentage of Altcoins near all time lows are at levels even lower than the very bottom of the last bear market. Indicating to us that the Risk / Reward on top quality alts is severely skewed to the upside. Time will tell!
Bitcoins Supply Profitability State has also flashed green for the first time since 2022.
While it’s not a ‘Bottom Finder' in the past it has marked great areas for accumulation.
The World Uncertainty Index has also reached RECORD highs. Shattering the previous highs even during COVID, 9/11 & the Iraq War.
Typically this kind of uncertainty often results in major damage control, that damage control usually comes in the form of money printing & fresh liquidity.
If it plays out like it always has, the turn could come sooner than people think!
That’s it from us this week, wherever you are in the world, stay safe, stay positive & we will be back next week for more market moving news.
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The macro setup is getting interesting — ISM expansion + Fed liquidity injections historically correlate with risk-on behavior, but crypto’s reaction has been muted. That tells me we’re still in a “show me the money” phase rather than a full risk-on pivot. The real catalyst question: does the Fed need to actually cut for crypto to break out, or does liquidity expansion alone do it? My bear market positioning piece digs into this — curious what you think the trigger actually is. Beyond The Coin 👉 beyondthecoin.substack.com