Rate Cuts Are Coming … but Will Crypto Make It?
AWS Went Down. Defi Stayed Up.$BTC
AWS went down, and the dominoes fell fast. A massive cloud outage briefly took down Coinbase, Binance APIs, and even Robinhood, freezing traders mid-position.
While CEXs scrambled, Defi App kept running - swaps, perps, everything.
BTC Still Range Bound
Bitcoin closed the week between $109 K - $115 K, down ~5% for October - its worst in a decade.
Options desks show heavy put positioning at $95 K - $115 K, signaling caution before the next CPI print.
Translation: not bearish, just boring. Consolidation before direction.
Powell Hints the Liquidity Tap Might Reopen
Fed Chair Jerome Powell said the U.S. is “approaching the point” of ending its quantitative tightening (QT) program - the balance sheet unwind that’s been draining liquidity since 2022.
Ending QT halts that outflow of dollars. Combine that with a potential rate-cut cycle, and you’ve got the first real tailwind for risk assets in months.