Short-Term Liquidity Pressures Mount, But Crypto Setup Intact

Discussed in today’s video:

• ETH Finds Buyers – ETHBTC found support today, suggesting ETH could resume participating alongside BTC and SOL.
• Macro Setup – Gold continues to front-run a regime where the Fed cuts into a stable economy with solid employment and above-trend inflation.
• Data Check – Manufacturing PMI showed green shoots via new orders and depleted inventories, while JOLTS came in soft but stable with hires down and layoffs steady. The jobs-per-unemployed ratio dipped below 1, a metric likely on the Fed’s radar.
• Liquidity & Seasonality – September seasonality remains weak, but October is historically strong for crypto. TGA refill and Treasury issuance over the coming weeks could be a short-term headwind.
• Catalysts Ahead – Friday’s NFP/unemployment report and potential S&P 500 inclusion for Strategy are the key near-term checkpoints.
• Market Survey: In partnership with the Medici Network, we are conducting a client survey on DATs, ETFs, and broader sentiment. Aggregated results will be shared with clients. The survey takes ~5 minutes, and broader participation will make the insights more valuable. Thank you in advance for your participation. CLICK HERE TO COMPLETE THE SURVEY.

Tickers in this video: BTC 0.85% ETH 1.24% SOL