Most traders are oblivious to the elephant in the room – what happens when the US Federal Reserve gets blocked from issuing a CBDC for the next 5 years, all thanks to a little-known provision tucked away in a housing bill?
We dug into the data, tracking key metrics, and what we found is a hidden signal that screams "bear market ahead." The provision was transmitted to Donald Trump on Monday and has now landed on his desk for a final decision. If signed, this bill could be the catalyst we need to confirm a long-term downtrend for the crypto market. As we look at the on-chain data, the whales seem to be positioning themselves for a potential sell-off in the near term.
#Bitcoin Bear Market, #Crypto Market Trends, #Federal Reserve News
We'll be keeping a close eye on this bill, specifically, how Trump's decision impacts the Fed's ability to issue a CBDC – can you guess the potential fallout for Bitcoin price if this provision passes? Will this be the nail in the coffin for altcoins, sending the entire market into a tailspin?
We dug into the data, tracking key metrics, and what we found is a hidden signal that screams "bear market ahead." The provision was transmitted to Donald Trump on Monday and has now landed on his desk for a final decision. If signed, this bill could be the catalyst we need to confirm a long-term downtrend for the crypto market. As we look at the on-chain data, the whales seem to be positioning themselves for a potential sell-off in the near term.
#Bitcoin Bear Market, #Crypto Market Trends, #Federal Reserve News
We'll be keeping a close eye on this bill, specifically, how Trump's decision impacts the Fed's ability to issue a CBDC – can you guess the potential fallout for Bitcoin price if this provision passes? Will this be the nail in the coffin for altcoins, sending the entire market into a tailspin?