ZeroHedge argues QE era ends under Warsh framework

Bitcoin trades around 80,400 dollars with exchange balances building after recent inflows, while profitable holders continue to sell into steady bids. The Fed's September hike to the 3.75-4 percent range and median dots at 4.1 percent by year-end have lifted short yields and kept the 10-year near 5 percent, tightening dollar liquidity without resolving energy-driven inflation.^[1][2]

Oil above 100 dollars and rising from Red Sea supply risks adds persistent cost pressure that higher rates alone cannot offset. The market prices restricted policy as durable, yet Treasury supply continues to clear only at those elevated levels. Whether buyers absorb the next round of selling without a deeper pullback remains the open variable.