Erik S

This will always be my favorite gold bear tweet of all time 20 year bear market, when gold was below 1800 too

🗞️ Binance BTC spot volume drops to $52B, lowest since the 2023 Bear market March is on track to record the lowest spot trading volumes on Binance since September 2023. 💥 With $52 billion in spot volume on Binance, the market is currently experiencing conditions comparable to the previous bear market. —> This observation occurs within a tense geopolitical and economic backdrop, with markets increasingly pricing in the possibility of a less favorable macroeconomic environment. ⚠️ During the latest Federal Reserve meeting at the Federal Open Market Committee, policymakers notably adopted a more hawkish tone. At the same time, the labor market is showing signs of weakness and can no longer be supported by rate cuts, as inflation remains persistent. This is compounded by an already visible economic slowdown, with Q4 GDP at +0.7%, which will need confirmation from upcoming Q1 GDP data, further fueling stagflation concerns. Meanwhile, U.S. long-term yields are rising, the U.S. dollar is strengthening, and these signals collectively point to a deterioration in the macroeconomic environment, which risk assets are beginning to feel. 👉 In this context, investor risk aversion is becoming increasingly evident, and Bitcoin is directly affected. The decline in spot volumes on Binance reflects the current lack of investor interest in the market. In the short term, this signal remains negative. However, such difficult periods are often associated with deep correction phases, which can also create genuine opportunities for investors with a long-term perspective.

$SPX has risen so much in the past five years that even a repeat of the 1929 crash (the worst in history) wouldn’t take it below the COVID lows.