BlockBeats News, March 3rd, “BTC OG Insider Whale” agent Garrett Jin posted on Platform X, stating that recent geopolitical events have caused macroeconomic indicators to fluctuate, subsequently affecting the crypto market. Garrett Jin believes that the current key indicators include: oil prices, the US Dollar Index, US 2-year/10-year Treasury yields, and said, “We are still in a risk-on environment, but now is a typical period to exercise caution.”
Garrett Jin mentioned the following changes in current macroeconomic indicators: US 2-year Treasury yield rose to 3.49%, 10-year to 4.05% (yield curve steepening, but geopolitical risks exacerbate macro uncertainty), with Bitcoin seeing a 5% short-term increase as a safe-haven asset. Garrett Jin hinted that investors should avoid chasing highs in event-driven volatility, prioritizing observation of oil prices and the US Dollar dynamics to assess downside risk in crypto.
