Dissecting the Recent Price Action, and Why Right Now is Probably Not the Time to Go Risk-Off
In today’s video, we discuss last week’s price action, examining the role that market liquidity and psychology played in the drawdown. We also discuss the remaining supply overhang risk and highlight the key events to watch for the rest of the week.
Note: Today’s video is a bit longer than usual as we spend some time discussing the details of the German, US, and Mt. Gox supply.
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In today's video, we discuss the significance of the House's bipartisan rejection of the DeFi broker rule, why we suspect MicroStrategy's buying might have been a key catalyst behind today's rally, our concerns about the unsettling move in high-yield credit markets, and key developments we're monitoring closely for the remainder of this week. TICKERS IN THIS VIDEO: BTC -0.93%
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