This is why you do not ignore Macro.

People genuinely believe Crypto operates in a vacuum.
That is it its own asset class and that there is nothing else that influences it.
It couldn't be more wrong.
Crypto is the highest risk asset class in the world, and therefore, It is the most sensitive to risk appetite in the world.
And if you want to understand that appetite, you have to understand the macro forces.
Right now, we are not in a macro bear market.
Small cap stocks, like Russell 2000 do not V shape recovery and make new highs in a bear market.
In addition, at the top here, we have Small cap financials... the smaller US banks.
The ones that benefit from true easing conditions.
And they are breaking out of an 8 year consolidation.
Along with stocks making new highs.
And the business cycle expanding.
Everything that we need to point towards risk on, is.
And if you ignore this data, you are a fool.