📊 WHERE THE MARKET STANDS TODAY
Crypto's current split mostly Fear/Neutral, with only 30 coins in Greed, mirrors the same risk-off hesitation playing out in Nasdaq futures (NQ), where two major liquidity levels (29,928/30,073 above, 29,740 below) remain untouched.
As a risk asset increasingly correlated with tech equities, crypto tends to follow the same institutional caution: no size committed until a clear catalyst appears. That catalyst was Thursday's PPI, printing at 4.7% YoY, cooler than the 4.9% forecast and well below July's 5.5%.
Softer inflation typically favors risk assets, but neither market rushed to react, suggesting traders are waiting to see which liquidity level breaks first rather than trading the print alone.
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