Macro Brief: Risk-Off — Bearish BTC, Bearish ETH
Extreme Fear is the regime. Core PCE and GDP are the triggers. Bearish BTC and ETH bias forward.
Data sources: ForexFactory, Alternative.me Fear & Greed, CoinGecko
Crypto sentiment spent 4 of the last 7 days in Extreme Fear. Bitcoin sits at $73,306, down 3.36% in 24 hours. The regime is risk-off, and the market is repricing a macro reality where inflation refuses to die and the growth narrative hangs by a thread. The calm before this week’s data drop is a trap, not an opportunity.
The Setup
Last week delivered zero high-impact macro