@lesgracie
If macro indicators such as declining rates, softening dollar strength, or easing inflation emerge, risk appetite may improve broadly. Crypto, as a high-beta asset class, responds aggressively to liquidity expansion. A macro tailwind could trigger early accumulation cycles and potentially seed a new bull phase. However, markets often front-run macro transitions — sentiment and price turn before data reaches headline consensus. The catalyst is liquidity, not optimism alone.