— 26 central banks hiked and 26 cut in May among 52 tracked, per Kobeissi Letter. ECB hiked 25bps to 2.25% (first since Sep 2023); BOJ raised 25bps to 1.0% (highest since 1995). : A significant macro regime shift with broad implications for risk assets. A global tightening cycle typically strengthens the dollar, increases borrowing costs, and puts pressure on equities and crypto. Higher rates reduce the appeal of non-yielding assets like BTC, increase funding costs for leveraged positions, and can trigger capital rotation into fixed income. Monitor central bank communications and rate trajectory for sustainability of this trend. source: KobeissiLetter Track real-time signals & trade → https://(hupzy.com)/trending