$BTC Why is there a sharp drop when everything is positive?
The U.S. Treasury is issuing large-scale short-term debt, pulling cash from risk assets and moving it into Treasury bills (T-bills). Even if the Federal Reserve does not raise interest rates, this will deplete the system's liquidity.
When liquidity tightens, the stock market becomes volatile, and high-beta assets like BTC are hit the hardest and earliest, not because cryptocurrencies are weak, but because they are the most liquid risk assets.
Focus on the Treasury's bond issuance and liquidity, and do not pay attention to the narratives of the majority, who may not even understand bull and bear markets.
People are selling to fill the holes in silver and precious metals settlements.
Short-term sell-offs and leverage are being cleared.
The story's direction has not changed...
The U.S. Treasury is issuing large-scale short-term debt, pulling cash from risk assets and moving it into Treasury bills (T-bills). Even if the Federal Reserve does not raise interest rates, this will deplete the system's liquidity.
When liquidity tightens, the stock market becomes volatile, and high-beta assets like BTC are hit the hardest and earliest, not because cryptocurrencies are weak, but because they are the most liquid risk assets.
Focus on the Treasury's bond issuance and liquidity, and do not pay attention to the narratives of the majority, who may not even understand bull and bear markets.
People are selling to fill the holes in silver and precious metals settlements.
Short-term sell-offs and leverage are being cleared.
The story's direction has not changed...
