On March 3, Garrett Jin, a representative of 'BTC OG Insider Whale,' shared insights on the X platform regarding the influence of geopolitical tensions on macroeconomic indicators and the crypto market. According to BlockBeats, Jin highlighted key indicators such as crude oil prices, the U.S. dollar index, and the yields on U.S. 2-year and 10-year Treasury bonds, suggesting that the current period calls for caution.
Jin noted changes in macroeconomic indicators, with the U.S. 2-year Treasury yield rising to 3.49% and the 10-year yield at 4.05%. Despite the positive yield curve, geopolitical risks are increasing macroeconomic uncertainty. Bitcoin, viewed as a safe-haven asset, experienced a short-term increase of 5%. Jin advised investors to avoid chasing highs during volatility driven by geopolitical events and to prioritize monitoring oil prices and dollar dynamics to assess potential downside risks in the crypto market.