The whole market was pricing in a peace deal this week.
Today the signing 𝗰𝗼𝗹𝗹𝗮𝗽𝘀𝗲𝗱.
Israel hit southern Lebanon overnight, Iran pulled its delegation, and the Bürgenstock signing is off indefinitely. the tape did the rest:
→ $BTC down about 3% to $62,500
→ ETH off 3.26% at $1,687
→ $XRP the worst major, down 4.61% to $1.12
→ SOL off 4.89% to $68
→ BNB down 3.22% at $571
→ Total market cap sliding toward $2.1T
Two hits in one week.
Wednesday it was the Fed turning hawkish. today it's the peace deal falling apart.
Fear and Greed is back in 𝗘𝘅𝘁𝗿𝗲𝗺𝗲 𝗙𝗲𝗮𝗿.
𝗥𝗶𝘀𝗸 𝗮𝘀𝘀𝗲𝘁𝘀 𝗴𝗼𝘁 𝗻𝗼 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸.
one thing didn't move: the CLARITY Act is still on the Senate calendar, July 4 target intact.
the dump is geopolitics. the catalyst is still coming.
fear's back in the building 👀