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The Hidden Downside Risk For Bitcoin, Stocks, Bonds, and Other Assets...

Trump's inauguration is around the corner but...

Author

Markus Thielen
January 12, 2025

👇1-17) It's essential to grasp what's driving the markets and why. While Trump-centric narratives dominate headlines, the financial markets tell a different story. U.S. stocks have erased all their gains since the early November Trump election, which was initially expected to fuel stronger growth and lower taxes. The anticipated post-election rally in altcoins quickly fizzled out on December 6. This date is more than coincidental—it's a pivotal moment with far-reaching implications.

Crypto Trading Volumes (LHS) vs. Crypto Funding Rates (RHS, weekly)

👇2-17) The sharp decline in altcoins after this date is evidence of that. Since the exuberance of early December, crypto trading volumes have dropped substantially, with funding rates peaking on December 6. This suggests a deeper significance to that date. Understanding this could shed light on the current dominant forces driving asset prices.

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