'BTC OG Insider Whale' Representative: The Market Is Still Within the Risk Zone, Caution Is Needed

BlockBeats News, March 3, Garrett Jin, the representative of 'BTC OG Insider Whale,' posted on the X platform stating that recent geopolitical events have triggered fluctuations in macro indicators, subsequently impacting the crypto market. Garrett Jin believes the current key indicators include crude oil, the U.S. Dollar Index, and U.S. 2-year/10-year Treasury yields, and remarked, 'We are still within the risk zone, but now is a typical time to remain cautious.' The current changes in macroeconomic indicators mentioned by Garrett Jin are as follows: the U.S. 2-year Treasury yield has risen to 3.49%, and the 10-year yield to 4.05% (yield curve is positive, but geopolitical risks exacerbate macro uncertainties). Bitcoin, as a safe-haven asset, has seen a short-term increase of 5%. Garrett Jin hinted that investors should avoid chasing highs during volatility driven by geopolitical events and prioritize observing oil prices and dollar dynamics to assess downside risks in crypto.