Soon, the U.S. Treasury will implement a U.S. Treasury bond repo—this time with increased力度. We mentioned before that Treasury bond repos would use TGA, and as a bonus, we'd test the trainees in the office.
When the U.S. Treasury makes this move, everyone basically knows whether the big picture means it will rise or fall—it’s basically going to drop. Because this action will drain liquidity from the crypto market.
Looks like the lessons have been useful. Whether this specific conclusion is correct or not, I don’t know—I can only wait for time to verify it. Anyway, holding the short position is fine while waiting.
$BTC
When the U.S. Treasury makes this move, everyone basically knows whether the big picture means it will rise or fall—it’s basically going to drop. Because this action will drain liquidity from the crypto market.
Looks like the lessons have been useful. Whether this specific conclusion is correct or not, I don’t know—I can only wait for time to verify it. Anyway, holding the short position is fine while waiting.
$BTC