The US is once again hitting Iran, and oil prices are back at $90, which essentially bursts the crypto market's dreams of rate cuts.
Previously, the entire crypto market's rebound logic was built on the expectation that 'the Fed must cut rates this year.'
Now that oil prices are rising, US inflation has immediate support for a rebound.
Don't think oil and crypto are unrelated; if inflation doesn't drop, forget about rate cuts. The Fed might even call for rate hikes, and the first thing foreign capital will pull back from is risk assets, with BTC taking the brunt of it.
For those trading contracts, stop chasing highs blindly; if next week's CPI data follows oil prices and exceeds expectations, we might see a sharp dip first.
Few people have noticed the new signals brought by the rise in oil: the narrative around RWA is shifting from US Treasuries to commodities.
Previously, everyone was trading Ondo's treasury fund, and no one mentioned their oil tokenization fund.
Now, with no signs of de-escalation in geopolitical conflicts, the mid-to-long term bullish trend for oil has been established. Traditional funds need to allocate oil to hedge against inflation, and currently, there's only one compliant on-chain oil asset, which might lead to an independent trend ahead of the broader market.
Do you think this time oil breaking $90 will first crush the BTC rebound, or will it ignite a new narrative for commodity RWAs? Leave your thoughts in the comments.
#加密货币 #RWA
$BTC $ETH $ONDO
Previously, the entire crypto market's rebound logic was built on the expectation that 'the Fed must cut rates this year.'
Now that oil prices are rising, US inflation has immediate support for a rebound.
Don't think oil and crypto are unrelated; if inflation doesn't drop, forget about rate cuts. The Fed might even call for rate hikes, and the first thing foreign capital will pull back from is risk assets, with BTC taking the brunt of it.
For those trading contracts, stop chasing highs blindly; if next week's CPI data follows oil prices and exceeds expectations, we might see a sharp dip first.
Few people have noticed the new signals brought by the rise in oil: the narrative around RWA is shifting from US Treasuries to commodities.
Previously, everyone was trading Ondo's treasury fund, and no one mentioned their oil tokenization fund.
Now, with no signs of de-escalation in geopolitical conflicts, the mid-to-long term bullish trend for oil has been established. Traditional funds need to allocate oil to hedge against inflation, and currently, there's only one compliant on-chain oil asset, which might lead to an independent trend ahead of the broader market.
Do you think this time oil breaking $90 will first crush the BTC rebound, or will it ignite a new narrative for commodity RWAs? Leave your thoughts in the comments.
#加密货币 #RWA
$BTC $ETH $ONDO