Tariffs just crashed crypto. Again. I'm sure many are watching the hourly chart, but I'm watching new Philly Fed data that just came out showing a 21-point swing into expansion territory. That's a leading indicator for the PMI cycle I've been tracking. QT ended. Liquidity injections are starting. The macro setup hasn't changed. Be careful to get distracted. Can we dip more? Yes. Is this a bear market? I don't think so. I'm zoomed out and I'm holding.(Dan Gambardello)