# Macro İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Macro" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Bitcoin Falls Below $77,000 as Selling Pressure Builds Across Crypto Markets

Bitcoin declined sharply, falling roughly 3.1% to trade in the mid-$76,000s amid increased selling pressure across crypto markets. The drop was driven by negative earnings from Galaxy Digital, which reported a $482 million quarterly loss, and broader macro concerns. Hawkish Federal Reserve expectations under Trump’s nomination of Kevin Warsh also weighed on risk assets like Bitcoin. Technically, BTC is trading below key moving averages, with momentum indicators like RSI and MACD reflecting strong bearish momentum. Key support lies near $76,000; a break below could lead to further declines toward $72,000–$70,000.

TheNewsCrypto15 saat önce

Bitcoin Falls Below $77,000 as Selling Pressure Builds Across Crypto Markets

TheNewsCrypto15 saat önce

Crypto Spot Trading Slows as Macro Risks Weigh on Bitcoin

Spot crypto trading volumes on major exchanges have dropped significantly, falling from $2 trillion in October 2025 to $1 trillion by the end of January. Bitcoin's price remains 37.5% below its October peak amid reduced liquidity and heightened risk aversion. Analysts attribute the decline to weakening spot demand, influenced by a major liquidation event in October. For instance, Binance’s Bitcoin trading volume fell from $200 billion to $104 billion. Market conditions have retreated to some of the lowest levels since 2024. Experts note that macroeconomic factors—such as potential Fed hawkishness, a stronger dollar, and higher real yields—are pressuring risk assets like Bitcoin. Additionally, a true market bottom may require long-term holders to start realizing losses, which hasn’t yet occurred.

TheNewsCryptoDün 08:48

Crypto Spot Trading Slows as Macro Risks Weigh on Bitcoin

TheNewsCryptoDün 08:48

Bitcoin’s Fall Below $77,000 Exposes Market Reality as BTC Still Sets the Crypto Trend

Bitcoin's recent decline below $77,000 revealed the market's continued vulnerability to sentiment, leverage, and macroeconomic forces. After briefly holding above $80,000, BTC dropped to around $74,000, its lowest in about ten months, amid broad risk-off conditions in global markets. The loss of the $80,000 level was a psychological turning point, exposing fragile support and narrative-driven price defense. Weekend volatility and leveraged liquidations further emphasized Bitcoin's short-term instability as a store of value. Macro pressures, including Fed policy concerns and potential U.S. government shutdown, contributed to the sell-off. Technically, BTC faces bearish momentum with key support at $76,000 and resistance at $80,000. Despite diversification talks, altcoins followed Bitcoin’s decline, confirming the market's ongoing dependence on BTC’s direction and macro conditions.

bitcoinistDün 02:31

Bitcoin’s Fall Below $77,000 Exposes Market Reality as BTC Still Sets the Crypto Trend

bitcoinistDün 02:31

Is Solana’s drop below $100 start of something bigger? THIS data says…

Solana fell below $100 on February 2nd, reaching its lowest level since early April of the previous year, amid a broader crypto market decline driven by geopolitical tensions and macroeconomic uncertainty. Derivatives data showed a shift in trader sentiment, with Funding Rates turning negative, indicating increased short-selling pressure and a bearish bias. This pattern previously preceded a significant price drop in October 2025. However, on-chain data provided a contrasting signal, as daily Active Addresses increased by approximately 870,000 to 4.87 million, suggesting renewed user activity and potential underlying demand rather than widespread selling. SOL is currently caught between these conflicting signals—bearish derivatives positioning and improving network usage—with its near-term direction likely dependent on the persistence of seller control and whether the on-chain activity translates into sustained buying interest.

ambcryptoDün 16:02

Is Solana’s drop below $100 start of something bigger? THIS data says…

ambcryptoDün 16:02

Why are stablecoin balances falling? Binance outflows, risk-off mood and more…

Stablecoin balances are declining as capital exits crypto markets amid thinning liquidity and fading risk appetite. Following an initial $9.6 billion drop, outflows resumed with Binance accounting for over $3.1 billion, reflecting its role as a key liquidity venue. The reduction is driven by macro uncertainty, ETF outflows, and lower speculative activity. This weakens on-exchange liquidity and price momentum. Binance data shows significant net outflows, indicating a broad withdrawal from risk assets like Bitcoin and Ethereum, while stablecoins such as USDT see inflows, suggesting reallocation rather than full exit. Reversing the trend requires improved macro clarity and renewed incentives for capital deployment.

ambcryptoDün 11:02

Why are stablecoin balances falling? Binance outflows, risk-off mood and more…

ambcryptoDün 11:02

Delphi Digital Co-founder: Why Am I Bullish on the Cryptocurrency Market Outlook?

Delphi Digital co-founder Tommy outlines five key reasons for his bullish outlook on cryptocurrencies. He argues that if Trump influences the Fed to lower interest rates (especially with Truflation showing 1.2% inflation could accelerate capital rotation from low-risk assets like T-bills into crypto. The surge in gold and silver reflects deeper concerns about dollar debasement and fiscal health, which ultimately benefits crypto as a hedge. He also being optimistic about AI, believes much of the positive news is already priced in, and a shift in focus toward workflows and cost-effective local AI models may reduce hype for centralized AI stocks, freeing up liquidity for crypto. Additionally, he notes declining investor interest in quantum computing stocks, reducing a perceived threat to crypto. Finally, potential U.S. regulatory clarity, including the Clarity Act and supportive moves from the SEC and CFTC under a potential Trump administration, could provide significant tailwinds.

marsbit2 gün önce 06:24

Delphi Digital Co-founder: Why Am I Bullish on the Cryptocurrency Market Outlook?

marsbit2 gün önce 06:24

Is Crypto Over? Don't Give Up, Liquidity Relief Is Coming

The article "Is Crypto Over? Don't Give Up, Liquidity is Coming" by Raoul Pal addresses the current downturn in the crypto market, arguing it is not a sign of the industry's demise but a temporary liquidity crisis. Pal refutes the narrative that crypto has permanently decoupled from other assets by showing that Bitcoin's price chart is nearly identical to that of the SaaS index, indicating a shared, external factor: a shortage of U.S. dollar liquidity. He explains this was caused by a combination of events, including the draining of the Reverse Repo facility, the rebuilding of the Treasury General Account (TGA) without monetary offset, and government shutdowns. This liquidity drain negatively impacted risk assets like crypto and tech stocks, while gold absorbed the marginal liquidity. The key takeaway is that this period of illiquidity is ending. The impending resolution of the U.S. government shutdown is seen as the final obstacle. Once cleared, a significant injection of liquidity is expected from sources like the easing of the SLR rule, TGA drawdowns, fiscal stimulus, and eventual rate cuts. Pal, alongside analysis from Stanley Druckenmiller, suggests the new Fed leadership under a potential Warsh chairmanship would be focused on cutting rates to keep the economy hot, aligning with a pro-growth strategy from the administration. The author admits a mistake in not prioritizing U.S. liquidity as the dominant short-term driver over global liquidity but remains highly bullish on the long-term cycle into 2026. The core advice for investors is patience, emphasizing that in a full cycle, time is more important than price. The message is clear: the liquidity cavalry is on its way.

marsbit2 gün önce 03:40

Is Crypto Over? Don't Give Up, Liquidity Relief Is Coming

marsbit2 gün önce 03:40

Is Crypto Over? Don't Give Up, Liquidity Relief Is Coming

The article "False Narratives....and Other Thoughts" by Raoul Pal addresses the current downturn in the crypto market, arguing against the mainstream narrative that the crypto cycle is over. Pal explains that the recent price decline in Bitcoin and other cryptocurrencies is not an isolated event but is correlated with a similar drop in SaaS stocks, as shown by comparative charts. He identifies the root cause as a temporary liquidity squeeze in the U.S. financial system, exacerbated by government shutdowns, TGA (Treasury General Account) rebuilding without monetary offset, and gold absorbing marginal liquidity that would otherwise support risk assets like crypto. Pal emphasizes that this liquidity crunch is temporary. He anticipates a resolution to the government shutdown soon, which will remove the last major obstacle to liquidity recovery. Following this, he expects a return of liquidity through measures such as eSLR adjustments, TGA drawdowns, fiscal stimulus, and eventual rate cuts. He advises investors to be patient, stressing that in a full market cycle, time is more critical than price movements. The article also corrects a misperception about potential Fed Chair Kevin Warsh, arguing he is not a hawk and would likely support rate cuts aligned with strategies to boost economic growth. Despite current market conditions, Pal remains highly optimistic about the crypto market's prospects through 2026, driven by anticipated pro-growth policies.

Odaily星球日报2 gün önce 03:31

Is Crypto Over? Don't Give Up, Liquidity Relief Is Coming

Odaily星球日报2 gün önce 03:31

The Real Culprit Behind the Crypto Crash: The Warsh Effect

The cryptocurrency market crash, termed the "Warsh Effect," was triggered by former President Donald Trump's announcement nominating Kevin Warsh, a known monetary policy hawk, as the next Federal Reserve Chair. This news caused significant sell-offs, with Bitcoin dropping over 13% from ~$90,400 to $78,214, and Ethereum and Solana falling over 18% in a week. Key reasons include expectations of tighter monetary policy under Warsh, leading to reduced liquidity and higher real interest rates, which negatively impact risk-sensitive assets like crypto. This triggered massive outflows from Bitcoin and Ethereum ETFs (~$1 billion in a day), initiating a cascade of leveraged liquidations. However, Warsh's views on Bitcoin are nuanced; he has called it a valuable policy barometer and acknowledged its role in U.S. competitiveness. His actual influence remains limited as Fed policy is set by the broader FOMC, which is already cautious about rate cuts. The market's reaction blends fear of monetary tightening with uncertainty over his confirmation, which faces Senate hurdles. The outcome of his confirmation hearings will be critical for future crypto market trends.

marsbit2 gün önce 00:09

The Real Culprit Behind the Crypto Crash: The Warsh Effect

marsbit2 gün önce 00:09

$2.5 Billion Liquidated: Crypto Market Cursed with Falling but Not Rising

On January 31, Bitcoin sharply dropped below $78,000, hitting a low of $75,700, a 7.6% decline, falling to levels last seen in April 2025. Ethereum fell below $2,400, down 12.28%, nearly erasing gains since July 2025, and Solana dropped 13.74% below $100. The broader crypto market liquidation totaled $2.522 billion in 24 hours, with long positions accounting for $2.411 billion. The downturn was triggered by escalating geopolitical tensions and a sharp sell-off in precious metals. Gold fell 15.7% and silver plunged 37%, partly due to market expectations of a more hawkish Federal Reserve under potential chair nominee Kevin Warsh. This led to a repricing of risk assets, with crypto—seen as a higher-risk asset—experiencing accelerated outflows. Notably, Bitcoin’s value relative to gold hit a historic low, suggesting extreme weakness but also potential long-term opportunity. However, the market displayed a “follow-the-drop-not-the-rise” pattern, falling alongside traditional risk-off moves without participating in rallies. Major players suffered significant losses. Garrett Bullish was liquidated for over $700 million in a single position on Hyperliquid, with total losses around $270 million over two weeks. Meanwhile, Trend Research fund held large ETH positions with nearly $500 million in unrealized losses, continuously adding collateral to avoid liquidation. The event underscores that crypto remains highly sensitive to macro sentiment and liquidity shifts, lacking the stability of a true safe-haven asset. It forces a reevaluation of crypto’s long-term value proposition during periods of deleveraging and market stress.

marsbit02/01 01:02

$2.5 Billion Liquidated: Crypto Market Cursed with Falling but Not Rising

marsbit02/01 01:02

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