The crypto market is currently heavily driven by macro factors: Tightening interest rate expectations, continued outflows from ETFs, and overall pressure on risk assets have caused BTC to consolidate around $78,000 without achieving a directional breakout. The outcome of tomorrow’s midterm elections is a critical milestone that will determine the direction and pace of crypto regulation over the next year. Additionally, this week’s U.S. employment and inflation data will further influence market perceptions of the Fed’s policy path. Until macro conditions become clearer, volatility may continue to compress before expanding again. #BTC #Macro