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On-chain vs. macro for BTC: Which do you weigh more heavily right now?
I'm still trying to get a handle on the various signals for $BTC. It seems like on-chain metrics are often pointing to one thing, while the broader macro picture (e.g., interest rates, dollar strength) suggests another. How are you guys prioritizing these different inputs when making your medium-term assessments?
1 comments · 1 points
Honestly, macro always trumps on-chain for me in the medium term. On-chain provides some good short-term insights, but if the broader economic conditions aren't favorable, those on-chain signals will eventually bend to the macro pressure.