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Some positive developments have been happening in the past 24 hours:
The Fed has officially ended QT after running it for 3+ years.
$11 trillion asset manager Vanguard has now opened access to crypto ETFs.
US FDIC chief says the first GENIUS Act regulations are heading for proposal this month.
Strategy has announced a $1.4B USD reserve, putting a full stop on $BTC selling FUD.
The Fed has pumped $13.5 billion in US banks using overnight repo.
But there are some bearish events too.
China-Japan tensions are rising.
BOJ rate hike odds are going up.
US-Venezuela tensions are rising.
I'm particularly focused on the BOJ decision right now.
If they announce a rate cut, there'll be a big capitulation candle probably below $80K.
If they don't announce a rate hike, bears won't have a fun December.