OPEN BIG LONG ON $PAXG , target 3900-3950$ this is a very low risk trade guys.
This is purely a crypto liquidity issue. Traders are getting liquidated across crypto markets and dumping tokenized gold for USDT to cover their margin calls. Meanwhile, institutional arbitrageurs cannot step in to capture the discount until banks and COMEX reopen.
Tokenized gold will return to trading at a 1:1 peg with spot gold on Monday.
This is purely a crypto liquidity issue. Traders are getting liquidated across crypto markets and dumping tokenized gold for USDT to cover their margin calls. Meanwhile, institutional arbitrageurs cannot step in to capture the discount until banks and COMEX reopen.
Tokenized gold will return to trading at a 1:1 peg with spot gold on Monday.