Bitcoin eyes liquidity above $30K as gold hits new all-time high
” After clearing out many of liquidity in the range before the FOMC FED rate hike statement, BTC whales had no issue eating through the remaining liquidity and reclaimed $29k,” it summarized.BTC/ USD order book information (Binance). Source: Material Indicators/ TwitterMarket individuals hence hoped that further liquidity squeezes could come next, supplying fuel for a journey above the $30,000 barrier.If #bitcoin keeps trending up there is a lot of liquidity in between $31k – $35k.
” Even though Gold is attacking ATHs, Bitcoin continues to surpass it,” Checkmate, lead on-chain expert at Glassnode, on the other hand noted, having called golds new highs an “crucial signal.” A tweet including Glassnode information revealed the increase in BTC/XAU considering that the start of 2020. Despite the fact that Gold is attacking ATHs, #Bitcoin continues to surpass it.Shows periods where BTC was the remarkable asset to hold over that 30-day period.On 1-Jan 2020, 1 $BTC = 4.9 oz GoldToday, 1 $BTC = 14.2 oz Gold>> https://t.co/RLd2sM90xh https://t.co/eYJNRmI3Rh pic.twitter.com/3YaQi9VjU8— _ Checkɱate ⚡ ☢ (@_Checkmatey_) May 3, 2023
Arthur Hayes, former CEO of derivatives exchange BitMEX, revealed that he was currently hunting for failing local banks. Markets, he argued, might depend on the next move by either Powell or Treasury Secretary, Janet Yellen. Its all politics now and politics is more about power than rational choices,” part of a tweet read.Financial analyst Tedtalksmacro additionally noted that the Fed funds rate was now at its members own anticipated peak.Back in March, the bulk of FOMC individuals said that the terminal rate for this tightening up cycle would be 5-5.25%– > thats where we are now.
Western Alliance, $WAL: -30% 3. Metropolitan Bank, $MCB: -20% 4. Zions Bank, $ZION: -10% 7. People Financial, $CFG: -5% …– The Kobeissi Letter (@KobeissiLetter) May 3, 2023
Its all politics now and politics is more about power than logical decisions,” part of a tweet read.Financial commentator Tedtalksmacro additionally noted that the Fed funds rate was now at its members own expected peak.Back in March, the majority of FOMC individuals stated that the terminal rate for this tightening up cycle would be 5-5.25%– > thats where we are now.
Metropolitan Bank, $MCB: -20% 4. Zions Bank, $ZION: -10% 7. People Financial, $CFG: -5% …– The Kobeissi Letter (@KobeissiLetter) May 3, 2023
Magazine: Magazine: Unstablecoins: Depegging, bank runs and other threats loomThis short article does not contain financial investment recommendations or suggestions. Every financial investment and trading relocation includes risk, and readers ought to perform their own research study when making a decision.