Wintermute Trader: The crypto market, driven by macro factors, can no longer trade in isolation. Investors should pay attention to US economic data and tariff issues

Wintermute trader Jake O posted on social media that the cryptocurrency market can no longer trade in isolation, and is currently in a macro-driven market environment.

Jake O pointed out that this trend has repeatedly appeared throughout the entire market cycle, although it does not persist, especially when the Market Volatility Index (VIX) is above 20. In this market environment, investors should pay extra attention to U.S. economic data and narratives leading the market - currently mainly tariff issues, which will drive marginal capital flows.