Bitcoin (BTC) • Bank-run BAD for Bitcoin?
Updated
Nasty situation with the fall of Silicon Valley Bank, USDC, DAI and potentially much more.
Could this the black-swan event that is killing Bitcoin?
In the video I explore some thoughts but ultimately is all about managing risk around about price structure, trend and momentum.
For those of you who enjoy my analysis and understand the nuanced takes I offer in these videos I appreciate you.
Hopefully you extract some useful insights that can be applicable into the future in your careers.
Could this the black-swan event that is killing Bitcoin?
In the video I explore some thoughts but ultimately is all about managing risk around about price structure, trend and momentum.
For those of you who enjoy my analysis and understand the nuanced takes I offer in these videos I appreciate you.
Hopefully you extract some useful insights that can be applicable into the future in your careers.
Note
forgot to show this in the video. But you can see on a relative basis how futures and swaps are starting to look great.
Note
The ongoing insanity is trigging what it looks like a massive run into bitcoin.
SPOT markets are now trading massively above perpetual swaps and long dated Futures.
It is remarkable as we keep marking up while the discount on the Perpetual Swaps keep increasing. I read this as a massive short pressure being built that will end up getting liquidated and supplying the liquidity to keep marking this up.
D7R
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