Leadership changes always mess with market patterns – 3 Feb 2025 – Crypto Market Today

So, bro, the market’s been wild. You know how it goes—if Saturday is bad, Sunday is usually worse. I tried to fight it, but man, the market hit back hard. Monday to Friday, I stick to the data, so I’m chill when I have numbers to rely on. But weekends? It’s all just speculation.

Today’s big movers: S&P Manufacturing PMI, OPEC decisions, and the RRP (Reverse Repo) situation.

Now, check this out—gold is at an all-time high (ATH) in Canada. That’s huge because when gold hits ATH in one place, it usually follows in others. The weaker Canadian dollar makes mining cheaper, and since Canada is exporting less oil and gas to the U.S., local mining companies might take advantage of lower energy costs to boost production. My prediction? Gold at $3,000 per troy ounce soon.

For crypto today, here’s the timeline:

• Morning (8-10 AM): Market’s still red, but China’s PMI (Caixin) is up, and Japan’s central bank (BoJ) is making moves that weaken the yen.
• Late morning to early afternoon (11 AM – 3 PM): Some green here, though I’m often wrong at this spot. Still trying to figure out what data I’m missing. Meanwhile, Mexican peso, Canadian dollar, and euro are dropping—so Asia might jump in before their currencies fall too.
• Afternoon (4-6 PM): OPEC meeting—big one. If they cut oil production, the U.S. dollar (DXY) pumps, which means a market dip. If they increase supply, DXY drops, and Bitcoin rises. I expect a dip first. Also, Trump hasn’t met with King Salman yet, which could change things.
• Evening (7-11 PM): More red, as S&P Manufacturing is climbing due to tariff news.
• Midnight & beyond (12-8 AM): Market turns green. RRP is falling, and Trump is likely setting up strategies with peso, Canadian dollar, and euro plays.

Now, the real talk:
Crypto traders need to get used to -50% drawdowns. That’s just how it works. If you’re panicking, you probably went all-in—rookie mistake. Always have an exit plan to prevent that. Learn from the pain, remember this loss, and don’t make the same mistake next time. This game isn’t about daily or minute-to-minute trades; it’s a yearly plan. Be patient. We’re all gonna make it.

And about the so-called “whales” and market makers:
People sell? That’s their right. Some folks get mad at big players taking profits (TP), but honestly, everyone’s a whale in some way—centralized exchanges, hedge funds, even governments. The real question is: when is AM buying?

Bigger picture:
Leadership changes always mess with market patterns. Under Biden, if economic data looked good, Bitcoin still went up, even if DXY rose—because, well, the data was “adjusted” to look good. Now, with Trump, things are shifting, but the data hasn’t fully caught up to the new leadership style. I’m still figuring out when we can confidently say, “If DXY goes up, Bitcoin goes down” again. The hesitation? Gold’s ATH is throwing off the usual correlations.

BTC’s real value is already high, but if we’re talking about Bitcoin as a reserve asset, there’s still massive upside. Last week, I mentioned that China’s absence has dried up liquidity. But with Caixin PMI holding up, it means China still has money to move the markets. I think they’ll start playing again soon.

Let’s see how this plays out. I’m still confident.