came across this good piece on the current macro

https://macroiq.substack.com/p/bitcoins-full-circle-moment?r=lq772&utm_medium=ios&utm_campaign=post

another good read

https://www.zerohedge.com/markets/bank-runs-first-sign-fed-broke-something

the previous article reminds me of this post i shared last year

historically, the feds will hike rates until something breaks or when they start to sense the market breaking

in this case, SVB's collapse is a clear sign of feds breaking something

after which, the melt up occurs (happening rn) -> crash -> QE to bull run

im not saying we're going to enter a bull run, but we might be very close or if not, seen the bottom of the bear market (once again it does not mean we're going into a bull run soon just because we're close to the bottom)

not FA as usual, just some food for thought

TIL;

The 2s10s yield curve is a measure of the difference in interest rates between the two-year and ten-year Treasury bonds

Inversion of the 2s10s means the yield on short-term bonds surpass those of long-term bonds which can be a sign of a coming recession – an inverted yield curve has emerged roughly a year before nearly all recessions since 1960

supplementary

https://vt.tiktok.com/ZS84aHs5V/

UP to 2T

money printer go brrrr

https://www.bloomberg.com/news/articles/2023-03-16/jpmorgan-says-fed-s-loans-will-provide-2-trillion-of-liquidity

QT that just turned stealthily QE again to the tune of +$300b under a single week.

wonder why there wasn't a market crash despite the worst U.S banks' failure..

"Infinite money"

must read if you want to understand the macro happenings rn

take some time to read (it’s quite long but elaborate)

https://cryptohayes.medium.com/kaiseki-b15230bdd09e

#reads

banks breaking -> money printer on -> btc pamp

possible melt up before the crash?

DeFiLlama undergoing a hostile takeover and going through a fork

what a mess …

https://twitter.com/0xngmi/status/1637425043482222599?s=20

0xngmi and a few team members have gone rogue, they are actively looking to seize Defillama IP and community while inaccurately claiming the rightful owner to be doing a hostile takeover

btc > $1mil in 90 days??

https://twitter.com/balajis/status/1637025637901938689?s=21&t=QI261g88v93FpaXKWLyqAQ

a paper on whether central banks should hold cryptocurrencies as reserves

"If a central bank does decide to purchase cryptocurrency, the central bank faces a choice of whether to publicly reveal that decision. Choosing to conceal the central bank’s Bitcoin allocation might further stymie external attempts to freeze the central bank’s assets. Ferranti (2022) discusses the fact that many central banks do not disclose their fiat reserve currency composition. Revealing the central bank’s cryptocurrency wallets enables public verification of the central bank’s assets, but requires the central bank to accept scrutiny regarding its choice to invest in a highly volatile asset. Aizenman and Inoue (2012) find that central banks tend to underreport their gold holdings to avoid criticism when the price of gold declines.

Lastly, central bank digital currencies may enhance the benefits of cryptocurrency. Theoretically, a central bank could conduct a foreign exchange intervention relying solely upon domestic payments infrastructure by offering to sell the central bank’s cryptocurrency to holders of the central bank’s digital currency. In that sense, a country’s decision to embrace cryptocurrency may boost its resilience to economic shocks."

https://drive.google.com/file/d/1HBbv5GWIOzzhHdmqAW2MNKHzfFmsLzrX/view

what even

JUST IN: Tron founder Justin Sun proposes a $1.5 billion offer to acquire Credit Suisse $CS.

observe volume - pretty huge volume on the weekly

weekly market structure broken - higher high established

price trend likely to change in the coming weeks

Balaji, Binance CZ, banks collapsing -> feds printing

many bullish impulses turning the market around

next key resistance is 30k

above 30k with good volume then we'll go higher