According to @cas_abbe, the ISM Manufacturing PMI printed 48.2, confirming sub-50 contraction and making Chair Powell’s speech tomorrow a key directional catalyst for risk assets including crypto. source: @cas_abbe If Powell acknowledges slowing activity and leans toward more easing, the author expects a green light for risk-on trades with crypto reacting fastest to liquidity shifts. source: @cas_abbe If he stays cautious or signals cuts are not imminent, the mix of weak ISM and tight policy becomes a headwind for BTC, altcoins, tech, and small caps. source: @cas_abbe This back-to-back macro setup usually increases volatility and reveals where liquidity is heading next. source: @cas_abbe