Choppy Price Action, Watching for Post-STRC Air Pocket, Good to See Tether Back in the Market
Apr 16, 2026
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Discussed in today's video:
Choppy Session with Mixed Internals: It was a choppy day for crypto, with BTC largely rangebound between ~$73.5k and $75k and finishing roughly flat. Price action further out on the risk curve was somewhat constructive, likely driven by short covering. SOL outperformed, up ~5%, while ETH was modestly lower and HYPE lagged, down ~2.5%, likely reflecting some profit taking. STRC Dynamics Still Driving Near-Term Flows: As discussed, STRC has been the marginal source of demand for BTC over the past several weeks. Looking across prior ex-dividend periods, BTC has...