Markets now see just a 𝟮𝟭% 𝗰𝗵𝗮𝗻𝗰𝗲 of the Fed cutting rates in 2026 — down from expectations of up to 4 cuts just months ago. The rapid repricing marks a return to a "higher for longer" regime and a meaningful headwind for risk assets. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a material macro shift. Higher-for-longer means tighter financial conditions, a stronger dollar, and reduced appetite for speculative assets across the board. For crypto traders, this sets a bearish macro backdrop — any rally without a concrete catalyst is likely to face overhead resistance. Watch Fed commentary and upcoming inflation prints for any signs of a pivot; until then, risk-off positioning dominates. For BTC, the macro headwind adds pressure on top of existing supply dynamics. Rallies without catalyst support face resistance in this environment, and a stronger USD directly pressures dollar-denominated crypto. Key watch: any dovish Fed commentary or soft inflation data that could reprice cut odds back up. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1219(Hupzy (Spot On Chain))