Miles Schlecht UlRD

US Trade Deficit Shrinks — Macro Meets Crypto 📉📊 The latest **US trade deficit shrank sharply to around $29.4 billion in October, the lowest since 2009, driven by weaker imports and stronger export flows. Economists had forecast ~$58.9 billion, so this represents a major surprise for risk assets. From a macro perspective, a contracting trade gap tends to strengthen the US dollar and real yields, which historically puts headwinds on risk assets like crypto when liquidity tightens. Current prices: BTC ~ $91,120 📌 and ETH ~ $3,120 📌 — showing muted upside and range-bound sentiment amid broader macro uncertainty. Short-term traders should watch for USD strength and yield moves, as stronger dollar dynamics often cap crypto rallies. Longer-term holders could view this consolidation as a setup for a break higher once macro pressures abate. Trade smart macro matters. #USTradeDeficitShrink