⚡My 2Sats 4 2day⚡

🇺🇲 The acronym #TACO (Trump Always Chickens Out) might not sit well with the president. Friday's headlines suggest he is looking to prove his critics wrong.

🌐 In a strong escalation, the United States announced the expansion of technological sanctions against #China and doubled steel tariffs to 50%, triggering widespread risk aversion in global markets.

🛡️ The digital asset market was not spared, with nearly one billion dollars in positions liquidated since Friday. Even BlackRock's #ETF IBIT BTC broke its record streak of 34 days of inflows, registering 430 million dollars in outflows. However, #Bitcoin has notably remained calm.

🏆 While some investors fled, others doubled down on their bets. Strategy and Metaplanet are certainly not among the cowards. The latter raised about 114 million dollars after the liquidation, raising their total holdings to the symbolic figure of 8888 units.

🔑 Despite the volatility, it remains above 102,000 dollars, demonstrating underlying support. Volatility in the #frontend has steadily decreased, and risk reversals have begun to normalize across all terms.

🔑 This indicates that moderate price action is expected in the short term. Perpetual funding has stagnated, reflecting the recent wave of leveraged positions.

🔑 Looking ahead, it is likely that tariff tensions will dominate the macroeconomic narrative until June, with significant monetary policy timelines only coming into effect starting July 8.

🔑 Our friend may stay within a range, making it crucial to monitor the levels of 100,000 and 110,000 dollars, given their status as #strikes with the highest open interest by the end of the month.

⏳ One thing is certain, computing index at constant highs, and an incessant and timely supply and demand shock at its appointment.

#MondaysAreCool💎