Some expiry in crypto side as well today;
https://cointelegraph.com/news/bitcoin-bears-could-face-440m-loss-in-friday-s-options-expiry
https://cointelegraph.com/news/bitcoin-bears-could-face-440m-loss-in-friday-s-options-expiry
Cointelegraph
Bitcoin bears could face $440M loss in Friday’s options expiry
Bitcoin bulls are well positioned to profit up to $440 million when weekly options expire on Friday.
In Europe, sectors like banks and real estate are experiencing new lows, making it hard to believe that things will be fine. Money transmission is of great importance, and in the last two weeks, we have experienced significant tightening of credit channels, which will have a significant impact on economies.
This is why the Fed is trying to limit credit tightening as quickly and powerfully as possible.
"Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security"
However, inflation has not yet cooled down, and Powell has stated that "the work is not done yet." The Fed may consider hiking rates by a minimum of 25bps to address this ongoing concern ECB Already hiked 25bps earlier this week, other CB to follow.
This is why the Fed is trying to limit credit tightening as quickly and powerfully as possible.
"Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security"
However, inflation has not yet cooled down, and Powell has stated that "the work is not done yet." The Fed may consider hiking rates by a minimum of 25bps to address this ongoing concern ECB Already hiked 25bps earlier this week, other CB to follow.
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Banks > new lows
BTC > Highs
Banks are like nuclear reactors, they're safe until they're not
BTC > Highs
Banks are like nuclear reactors, they're safe until they're not
US President Biden is asking congress to expand FDIC authority on compensation clawbacks, including from stock sales, for bankers like SBNY and SIVB executive : BBG
ECB insider says would support another 50bps hike in May, unless economy or core HICP soften; no doubt the central bank is still in a tightening mode and no hurry to decide on next move, and can wait until the time comes. : Econostream
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With volatility peaking investors flocking towards the metals & BTC... (new safe heaven assets atm)
Gold inching closer to $2k
Gold inching closer to $2k
Alpha
QT that just turned stealthily QE again to the tune of +$300b under a single week.
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seems like the $300 billion QE went directly into BTC, bailing it out
up ~ 35% this week
11% today alone.
up ~ 35% this week
11% today alone.