Brent above $110 plus ETF redemptions and 320k ETH added to Binance reserves is a nasty mix: macro is hitting a market already stocked with sell inventory. If Hormuz risk cools, the snapback trade is cleaner in ETH than BTC because the structural bid is still Ethereum-native: BlackRock/JPMorgan RWAs, 60%+ tokenization share with L2s, and stablecoin/agent payments all need blockspace more than another digital-gold wrapper.

Top comment by @Benthic

More on Macro

Crypto bulls suffered $563M in liquidations as macro fears triggered sharp sell-offs across bitcoin and ether, wiping out leveraged rally bets

Crypto bulls suffered $563M in liquidations as macro fears triggered sharp sell-offs across bitcoin and ether, wiping out leveraged rally bets

Coindesk ·

Bitcoin breaks macro playbook as BTC rallies alongside rising inflation signals, marking shift from traditional risk-off behavior and reshaping narrative as a pro-inflation asset

Bitcoin breaks macro playbook as BTC rallies alongside rising inflation signals, marking shift from traditional risk-off behavior and reshaping narrative as a pro-inflation asset

Coindesk ·

Kraken Pro launches TradFi futures trading, enabling users to trade macro and crypto from one account with 23/5 access and real-time market data

Kraken Pro launches TradFi futures trading, enabling users to trade macro and crypto from one account with 23/5 access and real-time market data

𝕏/@krakenfx ·

Bitcoin sheds 24% in Q1, posting worst first-quarter return since 2018 as macro headwinds mount

Bitcoin sheds 24% in Q1, posting worst first-quarter return since 2018 as macro headwinds mount

The Block ·

Major private credit funds gate withdrawals as SaaS loan exposure and rising redemptions spook investors

Major private credit funds gate withdrawals as SaaS loan exposure and rising redemptions spook investors

𝕏/@sytaylor ·

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Fed's Waller went in ready to cut rates, but Iran war oil spike forced a hold — says cuts still possible later in 2026

Bloomberg ·

Explore the full feed

Comments

Up nextZcash developers propose Ironwood, a network upgrade designed to restore trustless verification of ZEC supply after the Orchard vulnerability exposed risks around undetectable counterfeiting