It's been a long time since we discussed macro topics.

However, recently the correlation between U.S. stocks and the cryptocurrency market has been increasing. In the absence of independent positive news from the crypto market, future trends in the crypto space can refer to U.S. stocks.

In the tweets from the mouthpiece Nick, several pieces of information can be seen, and I will summarize them briefly:

1. Expectations for inflation are rising, and anxiety about increasing inflation will also become a consensus;

2. The 'dovish' stance previously stated by the Federal Reserve may backfire, U.S. Treasury yields may continue to climb, expectations for interest rate cuts continue to decrease, and expectations for rate hikes increase. If they maintain stability, it is likely that they will hold steady;

3. If high interest rates continue, the risk of economic recession will expand, and U.S. stocks will continue to pull back, which is a negative signal for the U.S. stock market.

4. The cryptocurrency market will be affected by this, and in the short term, it may continue to adjust. However, the long-term direction after political intervention remains positive. At the same time, BTC may be actively considered as an inflation-hedging asset, adding to the positive outlook.

Ultimately, we should continue to pay attention to the latest statements from the Federal Reserve, CPI data, and the market's expectations regarding the timing of interest rate cuts.