Upside Likely Post-Jackson Hole, ETH Withdrawal Queue Misread
Aug 21, 2025
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Discussed in today's video:
- Crypto weakness today looks like pre–Jackson Hole de-risking, not a broader breakdown.
- Continuing claims hitting a new cycle high, bringing the employment side of the Fed's dual mandate back into focus.
- Powell is expected to sound hawkish, but relative to expectations, his tone could skew net dovish.
- ETH withdrawal queue (~900k ETH) is mostly Aave unwind + stETH arbitrage, not a looming sell wall.
Tickers in this video: #BTC #ETH