WHY is this really causing this market meltdown?
In days, the damage piled up.
More than $10T was wiped out in gold and silver.
Crypto down more than $430B.
No black swan. No single headline.
Liquidity expectations have changed.
The new Fed chairman Kevin Warsh has hinted that the Fed is well above its limit of 7T in the balance sheet. Reduced balance sheet equates to reduced liquidity, quicker leverage unwinds and tightening.
#WhoIsNextFedChair #WhenWillBTCRebound #PreciousMetalsTurbulence #MarketCorrection #FedHoldsRates
