Ryan Myher Quoted in Forbes, Bitcoin Bounces Back As Macro Pressures And Leverage Fuel Gains
Forbes turned to Ryan Myher for analysis after Bitcoin recovered from a dip below $80,000, climbing back above $82,500 in a single session.
What Ryan Said
“Bitcoin tested near $80,000 overnight before bouncing back toward $82,500. The dip came after hotter-than-expected September CPI at 3.7%, which pushed rate-hike odds higher and kept global bond yields elevated while the dollar stayed firm.”
“That combination forced leveraged longs to unwind, and the move below recent support added to the selling.”
“Once yields eased slightly and the round number held, buyers stepped in and price recovered most of the drop. It looks more like a leverage flush driven by macro pressure than a change in the broader setup.”
— Ryan Myher, COO of Genius, as quoted by Forbes
About Ryan Myher
Ryan Myher is a 2X entrepreneur and Co-Founder & COO of Shuttle Labs, the company behind Genius — a cross-chain trading terminal backed by YZi Labs, Anthony Scaramucci, and Balaji Srinivasan, with CZ as an advisor. He is regularly quoted on Bitcoin, Ethereum, and crypto policy by outlets including Forbes, TheStreet, and The Block. Learn more about Ryan or see all press coverage.