We've seen some polarizing takes recently. Is the top in? Are we in the 1st inning? etc... The markets (U.S. stocks & crypto in general) appear to be very fragile at the moment. The majority of investors do not know what to do. Any slightly bad news results in panic and sell off; any slightly good news and everyone is back to all in. Everyone wants the bull market to be up only mode, but are getting scared very quickly.

The BTC bull run peaks about a year and half AFTER the halving; and we are only two months into the post halving cycle. There will be pullbacks, this is expected in any phase of any market, but for the next few months BTC has a lot of time to run.

What's going on in the Macro world?

Unfortunately, BTC is in a phase right now where it is highly correlated to U.S stocks... for now. This will change eventually, but for now the crypto ecosystem will have some reactions to the macro environment news.

Recently we got some important data in the U.S economy. Last week, we received data about the U.S unemployment rate slightly rising (meaning more people are without a job). This rate has increased 0.1% since the previous month and came in 0.1% above the expected rate. This caused some people to worry we might be headed in the wrong direction, but a 0.1% rise is not the end of the world at the moment. This is what caused some sell off last week, and with the inflation data coming in later on, people decided to de-risk until we get some more information.

The next big catalyst resulted in good news, flipping everyone's stance to bullish again. CPI, or inflation data, came in about 0.1% lower than expected and slightly lower than last month - showing inflation is getting back to a normal rate. This quickly sold off as the Federal Reserve mentioned they will not rush into lowering the Federal Funds Rates too much, too quickly. Giving investors a roller coaster of emotions and price action.

The main fears are mostly revolved around employment, inflation data & Federal Reserve Funds Rates. The goal is to have inflation at a reasonable level and keep people employed - this will allow the Federal Reserve to drop the Funds Rate, helping business's to continue to grow and hire more people. When people have jobs, they spend money & invest money, helping the economy grow and so on in this continuous pattern.

Odds are the Funds Rate will start to drop in the next few months. Sprinkle in the fact there is no recession on the horizon, ETH ETF will be listed in the next few weeks, U.S. Congress and Presidential candidates are becoming pro-crypto, etc. It seems the crypto environment is in a good position for the next few months & years. Remember, even in the previous bull markets, there were some big pullbacks. There is still plenty of time.

All Street Bets will continue to build regardless of the noise and will be a community people will want to be a part of. Recently we started a Thirsty Thursday degen night in the discord, where Jaime takes us through his thinking in the financial world & looking at potential plays. Be sure to tune in every Thursday - ask questions and take some notes from the legend himself!

There is also a sweet NFT claim coming soon thanks to @Ars0nic! Mint claim will be Wednesday June 19th! Exciting times for $BETS holders. And this is just the beginning!

#BreakTheChains

Keep calm and stick to what you believe. This is not financial advice.

We've seen some polarizing takes recently. Is the top in? Are we in the 1st inning? etc... The markets (U.S. stocks & crypto in general) appear to be very fragile at the moment. The majority of investors do not know what to do. Any slightly bad news results in panic and sell off; any slightly good news and everyone is back to all in. Everyone wants the bull market to be up only mode, but are getting scared very quickly.

The BTC bull run peaks about a year and half AFTER the halving; and we are only two months into the post halving cycle. There will be pullbacks, this is expected in any phase of any market, but for the next few months BTC has a lot of time to run.

What's going on in the Macro world?

Unfortunately, BTC is in a phase right now where it is highly correlated to U.S stocks... for now. This will change eventually, but for now the crypto ecosystem will have some reactions to the macro environment news.

Recently we got some important data in the U.S economy. Last week, we received data about the U.S unemployment rate slightly rising (meaning more people are without a job). This rate has increased 0.1% since the previous month and came in 0.1% above the expected rate. This caused some people to worry we might be headed in the wrong direction, but a 0.1% rise is not the end of the world at the moment. This is what caused some sell off last week, and with the inflation data coming in later on, people decided to de-risk until we get some more information.

The next big catalyst resulted in good news, flipping everyone's stance to bullish again. CPI, or inflation data, came in about 0.1% lower than expected and slightly lower than last month - showing inflation is getting back to a normal rate. This quickly sold off as the Federal Reserve mentioned they will not rush into lowering the Federal Funds Rates too much, too quickly. Giving investors a roller coaster of emotions and price action.

The main fears are mostly revolved around employment, inflation data & Federal Reserve Funds Rates. The goal is to have inflation at a reasonable level and keep people employed - this will allow the Federal Reserve to drop the Funds Rate, helping business's to continue to grow and hire more people. When people have jobs, they spend money & invest money, helping the economy grow and so on in this continuous pattern.

Odds are the Funds Rate will start to drop in the next few months. Sprinkle in the fact there is no recession on the horizon, ETH ETF will be listed in the next few weeks, U.S. Congress and Presidential candidates are becoming pro-crypto, etc. It seems the crypto environment is in a good position for the next few months & years. Remember, even in the previous bull markets, there were some big pullbacks. There is still plenty of time.

All Street Bets will continue to build regardless of the noise and will be a community people will want to be a part of. Recently we started a Thirsty Thursday degen night in the discord, where Jaime takes us through his thinking in the financial world & looking at potential plays. Be sure to tune in every Thursday - ask questions and take some notes from the legend himself!

There is also a sweet NFT claim coming soon thanks to @Ars0nic! Mint claim will be Wednesday June 19th! Exciting times for $BETS holders. And this is just the beginning!

#BreakTheChains

Keep calm and stick to what you believe. This is not financial advice.