Q2 Quarterly Report Snapshot: BTC Topped? 🧐Option traders' bullish expectations for BTC have retreated to Jan 2022 levels, nearly neutral. 🤔Peaking liquidity is the primary reason for the weakening of bullish expectations. 👉On the one hand, with Eurozone interest rates nearing the bottom of this rate-cutting cycle and the Bank of Japan still slowly raising rates (at least in the short term), it is unlikely that non-USD and offshore liquidity will expand significantly. 👉Furthermore, unless Trump chooses to interfere with the Fed's independence, the Fed, cautious about the risk of reflation caused by tariffs, will likely cut interest rates slowly and with restraint. This means that it is unlikely that a large influx of USD liquidity for investment purposes will occur in the crypto market in the near term.(BloFin Academy)