🗒️ Macro: On Friday (October 9), usage of the Fed’s overnight reverse repurchase agreement (RRP) facility was $300 million (1 counterparty), compared with $335 million on the previous trading day.
Rate cuts are often priced in ahead of time, and prices may spike and then retreat on the day they’re delivered.
$BTC , 24h +2.33%

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Just my personal opinion—don’t treat it as a basis for trading.