๐ Conclusion In the short term, the downward pressure from the Yen's correlation (USD/JPY decline) combined with the suppression of leverage by the Fed makes a significant Bitcoin rally difficult. While the long-term liquidity environment looks to be improving from its bottom, the Fed's active effort to remove the "leverage pump" suggests that any ensuing rally will likely be slower and less aggressive than previous bull cycles. I wonder if that's true.๐ค
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I am very curious about where Bitcoin is currently and what direction it will take this year. #BTC
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ummmmmmmm๐ค
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