Every Zipp story tagged #DebasementTrade, newest first.
A payrolls figure below the 110K consensus would validate Warsh's lower-inflation read, unwind lopsided dollar longs, and hand bitcoin and gold their next leg up.
The hawkish-Fed reversal of the scarce-asset trade is hitting all three simultaneously, and BTC just lost its 200-week moving average at roughly $60K.
All three stores-of-value trades are selling off in lockstep as markets price in two Fed rate hikes by March 2027, ending the dominant 2025 narrative that deficits would keep eroding fiat purchasing…
JPMorgan frames the two-week pullback as a broad de-risking from the Iran-conflict bid rather than a rotation from BTC into gold — and the CTA momentum signal is now flashing weakening.
CoinDesk
TheBlock