As oil prices surge, risk assets take the hit first. $BTC and $ETH also didn't escape unscathed, and derivatives data continues to lean more bearish. Currently, the market isn't trading based on the crypto industry's own story, but rather on macro sentiment tightening first. The short-term rebound looks more like short covering. For a real shift to strength, we need to see oil prices and risk appetite both ease together.

BTC0,5%
ETH-0,17%
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