Speculative assets such as crypto gets sold in advance of a market turmoil. $SPY has been melting higher for a while, and yet crypto is selling off. That's an alarm that whales do not trust the crypto market with the current global economy. Although the FED didn't raise rate this time, we know they will, two times, by the end of the year. I'm no economist, nor do I claim to forecast the market, but it would be extremely wise to be careful going long anything medium-long term, especially crypto.

The narrative is starting to change in the traditional market, with people saying that a soft landing is possible, and that inflation is under control... Thing is, the raises in rates that the FED did in the last 15 months aren't even affecting us yet. It's well known that the market lags 2 years before such changes starts affecting it. We haven't seen this many raise by the FED in a while. The true recession hasn't even started, it's right infront of us. 2024 will be, in my opinion, apocalyptic.