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krugermacro
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Funding rates in most crypto exchanges are at the baseline or below it. This is the least euphoric new all time highs in the history of
bitcoin
.
#BTC
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krugermacro
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Unclear to me if we'll see a dip next week, driven by Trump's twist on tariffs today. It can definitively go both ways. Depends on him. Think if there's a proper dip it'd be a great entry ahead of FTX's distributions. Derisked a bit today to be able to add comfortably. Wondering as well if Wynn's absurd $1.2B levered long will be hunted over the weekend.
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Expecting 120k in June. As bullish catalyst you have the $5 billion FTX distribution on May 30 (large claim holders this time). The 90 day tariffs pause *could* be a significant bearish catalyst. That's on July 9. Depending on WH newsflow, it makes sense for markets to start getting anxious about tariffs again 2-3 weeks before then.
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Expecting 120k in June. You have the $5 billion FTX distribution on May 30 (large claim holders this time) and a long way to go until the end of the 90 day tariffs pause, on July 8. Depending on WH newsflow, it makes sense for markets to start getting anxious about tariffs again 2-3 weeks before then.
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Today's poor treasury auction was the driver behind the intraday reversal in stocks and bitcoin. (ZB = "30-year" bond futures).
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Today's poor treasury auction was the driver behind the intraday reversal in stocks and bitcoin
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