I'm still watching the floating losses on ETH short positions, and the liquidation data has taken another hit: in the past 24 hours, the entire network saw $1.46 billion in liquidations, with shorts accounting for $1.29 billion.
BTC surged past 67,000, ETH stood above 2100 — this isn't a slow rise, it's a systematic clearing out of shorts.
The market is rushing to capture tonight's liquidity expectations.
The U.S. Treasury announced that starting September 9, the single long-term Treasury repo size will increase from $2 billion to at least $4 billion.
This is not Fed QE, nor an immediate liquidity injection tonight, but funds will first trade on improved long-term bond liquidity and eased yield pressure.
This line affects three assets differently: BTC and ETH benefit from risk appetite combined with crowded shorts, so any positive news triggers a squeeze; gold is more influenced by real interest rates and the dollar.
With the FOMC minutes leaning dovish and long-term bond yields declining, gold may move more steadily.
At 2 AM, the FOMC minutes release; at 2:30 AM, the White House tech leaders meeting.
The latter includes the SEC, CFTC, and a group of crypto executives, which adds fuel for BTC and ETH but offers no direct benefit to gold.
I don't dare to call a top just yet despite the floating losses.
The $1.29 billion in shorts have already been cleared out; how much of this bullish candle is real buying versus a short squeeze remains to be seen until the minutes are released.
Tonight, focus on BTC and ETH, and whether gold can confirm an inverse relationship with Treasury yields.
The direction might still hold, but the pace has been hit hard; stubbornness is costlier than cutting losses — it's painful.
$BTC $ETH $XAU
#FOMCMeetingMinutes #TreasuryRepo
BTC surged past 67,000, ETH stood above 2100 — this isn't a slow rise, it's a systematic clearing out of shorts.
The market is rushing to capture tonight's liquidity expectations.
The U.S. Treasury announced that starting September 9, the single long-term Treasury repo size will increase from $2 billion to at least $4 billion.
This is not Fed QE, nor an immediate liquidity injection tonight, but funds will first trade on improved long-term bond liquidity and eased yield pressure.
This line affects three assets differently: BTC and ETH benefit from risk appetite combined with crowded shorts, so any positive news triggers a squeeze; gold is more influenced by real interest rates and the dollar.
With the FOMC minutes leaning dovish and long-term bond yields declining, gold may move more steadily.
At 2 AM, the FOMC minutes release; at 2:30 AM, the White House tech leaders meeting.
The latter includes the SEC, CFTC, and a group of crypto executives, which adds fuel for BTC and ETH but offers no direct benefit to gold.
I don't dare to call a top just yet despite the floating losses.
The $1.29 billion in shorts have already been cleared out; how much of this bullish candle is real buying versus a short squeeze remains to be seen until the minutes are released.
Tonight, focus on BTC and ETH, and whether gold can confirm an inverse relationship with Treasury yields.
The direction might still hold, but the pace has been hit hard; stubbornness is costlier than cutting losses — it's painful.
$BTC $ETH $XAU
#FOMCMeetingMinutes #TreasuryRepo