On March 3rd, Garrett Jin, an agent of “BTC OG Insider Whale,” posted on X platform stating that recent geopolitical events have triggered fluctuations in macro indicators, thereby affecting the crypto market. Garrett Jin believes that the current key indicators include crude oil, the US dollar index, and the US 2-year/10-year Treasury yields, and he mentioned, “We are still within risk boundaries, but now is a typical time to remain cautious.” The current macroeconomic indicator changes mentioned by Garrett Jin are as follows: US 2-year Treasury yield has risen to 3.49%, and the 10-year yield is at 4.05% (yield curve is positive, but geopolitical risks are increasing macro uncertainty). Bitcoin, as a safe-haven asset, has risen 5% in the short term. Garrett Jin implied that investors should avoid chasing highs amid geopolitical-driven volatility and prioritize observing oil prices and dollar movements to assess downside risks in crypto.
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"BTC OG Insider Whale" Agent: The market is still within risk range, caution is required
On March 3rd, Garrett Jin, an agent of “BTC OG Insider Whale,” posted on X platform stating that recent geopolitical events have triggered fluctuations in macro indicators, thereby affecting the crypto market. Garrett Jin believes that the current key indicators include crude oil, the US dollar index, and the US 2-year/10-year Treasury yields, and he mentioned, “We are still within risk boundaries, but now is a typical time to remain cautious.” The current macroeconomic indicator changes mentioned by Garrett Jin are as follows: US 2-year Treasury yield has risen to 3.49%, and the 10-year yield is at 4.05% (yield curve is positive, but geopolitical risks are increasing macro uncertainty). Bitcoin, as a safe-haven asset, has risen 5% in the short term. Garrett Jin implied that investors should avoid chasing highs amid geopolitical-driven volatility and prioritize observing oil prices and dollar movements to assess downside risks in crypto.