Short term bearing bitcoin and risk... Chance the Fed raises again in June, and balance sheet continues to roll off as they said they would.

It's been a year now (of raising/QT) and multiple banks have failed. You have to ask yourself: What would be the catalyst for the Fed to actually pivot, lower rates and restart QE? (Really bad, is what it would have to be. Hence bearish risk until something *different* happens.)

#my2sats