ALTSEASON IS COMING.
OTHERS/BTC IS SITTING ON A MAJOR SUPPORT RIGHT NOW.
PREVIOUS CYCLES SHOW SIMILAR SETUPS BEFORE MAJOR ALTCOINS RUNS.
GET READY π
Breaking: $500 billion has been added to US markets in last 30 minutes after reports of a final US-Iran peace deal emerged, set to be announced within hours.
The deal includes an immediate ceasefire on all fronts, guaranteed freedom of navigation through the Strait of Hormuz, and gradual lifting of US sanctions on Iran.
Oil also crashed below $97 on the news.
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Gold lost nearly $6 TRILLION market value in 4 months.
Gold crashed from it's high of $5590 to $4560, a brutal 18.4% decline that wiped out $5.9 TRILLION from it's market value.
A decline of more than 20% from recent highs is generally considered as bear market territory.
The largest safe haven asset on Earth is experiencing one of its sharpest drawdowns during the war. While,
S&P 500 hitting ATH after ATH and up 9% adding $6 TRILLION.
BIG WARNING: US INFLATION IS GETTING OUT OF CONTROL
Just now, US PPI and core PPI data were released, and it shocked everyone.
US PPI jumped to 6%, its highest level in 3.5 years.
US Core PPI jumped to 5.3%, its highest level in 3.5 years.
Yesterday, CPI and Core CPI data were released, and both of them came in higher than expected.
This has started to look like 2021 now, when inflation started running rampant in Q4.
And guess what happened next?
The Fed stopped QE and started rate hikes and QT, which crashed both the stock and crypto markets.
This time, the Fed isn't doing QE like in 2021, so they just have one option left.
Do rate hikes, as the US-Iran situation is still escalating and energy prices are going through the roof.
This doesn't necessarily mean a crash tomorrow, but 2026 looks shaky for the global economy now.
BREAKING: Bitcoin just dumped $1,900 in 4 hours, fully retracing the entire pump.
In the last 12 hours,
Bitcoin dumped $1200 from $81.2k to $80.3k
Then pumped $2100 from $80.3k to $82.4k
Now again down $1900 from $82.4k to $80.5k
Liquidated $370M worth of longs and shorts