👻Profit-taking and the rumor of a new🥶 "crypto winter" ❄️ are gaining traction in the headlines.
Attention is focused on the Federal Reserve 🏦. The swollen balance of the U.S. Treasury has drained liquidity, cooling the pulse of digital assets. However, the end of the year opens two opposing paths: one of contraction and another of expansion 🚦. In the bearish scenario, a tougher Fed and the Chinese slowdown could push $BTC below $80,000, dragging $ETH and $SOL into a general correction 📉.
The balance of the U.S. Treasury General Account, marked in green, remains close to $858.946 billion 💵. This elevated level acts as a true "sink" of liquidity: as long as those funds do not return to the system, the money available for risk assets will remain limited. In that logic, the crypto market remains in a bearish pause ⏸️📉
But there is also the contrary narrative 🌊. A rate cut and the return of liquidity could reactivate risk appetite, driving a year-end rally 🎅 crypto ETFs, institutional tokenization, and stimuli in Asia could fuel a rebound capable of bringing Bitcoin back above $100,000 🚀.
To be honest, I don't think Santa Claus or the Three Wise Men will come. It's time to hold and accumulate.