Waiting for Yields to Steady, “Digital Silver” Looks like A Good Trade
Another Rinse
Last week, we talked about the futures market getting ahead of its skis, trading with increased leverage despite a continued lack of follow-through in spot market demand. Well, rates and the dollar have remained stubbornly high on the back of continued hawkish rhetoric from central bankers, and as we will discuss below, global liquidity has pulled back in recent weeks.
Thus, bulls received another blow on Thursday evening when, in the span of an hour, the crypto market experienced a good old-fashioned liquidation cascade.
Total liquidations would am...Articles Read 1/2
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