Wintermute dropped a simple line: “something doesn’t add up.”

Equities are near all-time highs, oil is up 15%, and US consumer sentiment is sitting at 49.8 — basically the weakest print on record. Feels like markets are pricing a soft landing while real-world inflation pressure and geopolitical risk are still very much alive.

For crypto this matters too, because BTC isn’t trading in a vacuum anymore. If oil keeps pushing inflation higher, Fed expectations change, liquidity changes, and that hits everything.

Do you think markets are correctly looking through the noise… or are risk assets just ignoring a bigger macro problem?

https://btcusa.com/wintermute-says-something-doesnt-add-up-as-stocks-hit-highs-while-oil-and-consumer-fear-surge/