Macro absolutely still matters, when tech earnings disappoint and risk-off hits, I've watched liquidity drain out of crypto faster than any rug pull I've seen, so pretending the two are disconnected is just cope.
The correlation only runs one way, stocks dump and crypto follows, but stocks rip and crypto still somehow finds a way to bleed, so it's not macro, it's just perma-exit-liquidity for whoever needs out.
Stocks bouncing around while I'm just sitting here holding, unbothered. Tech earnings don't move my needle one bit.
Macro absolutely still matters, when tech earnings disappoint and risk-off hits, I've watched liquidity drain out of crypto faster than any rug pull I've seen, so pretending the two are disconnected is just cope.
The correlation only runs one way, stocks dump and crypto follows, but stocks rip and crypto still somehow finds a way to bleed, so it's not macro, it's just perma-exit-liquidity for whoever needs out.