CRAIG COBB: MACRO PRESSURE BUILDING — AND CRYPTO STILL LOOKS WEAK
Craig’s view hasn’t changed, but the macro backdrop is starting to catch up to it. With rising geopolitical tension tied to President Trump’s latest deadlines and threats, alongside crude oil ripping higher, he’s expecting a highly volatile stretch across global markets. And in his framework, that matters directly for crypto. Bitcoin is still behaving like a liquidity-driven risk asset, not a hedge. If macro pressure builds, crypto likely moves lower with it.
From a structural standpoint, nothing has improved. Bitcoin remains in a clear weekly downtrend, printing lower highs and lower lows…
The skinny
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