On Thursday (October 15), usage of the Fed’s overnight reverse repurchase agreement (RRP) facility was $1.201 billion (4 counterparties).
I look at how macro news flows through to crypto in two steps:
Step one: The data is on the warm side, so sentiment has room to recover.
Next, check whether traditional markets and $BTC have moved in tandem. If they move together, macro factors are in the driver’s seat; if not, crypto-specific factors are likely more dominant.
$BTC is currently at 82487.29, up 0.84% over 24 hours.
Crypto assets can move quickly, so keep position sizes in check.
I look at how macro news flows through to crypto in two steps:
Step one: The data is on the warm side, so sentiment has room to recover.
Next, check whether traditional markets and $BTC have moved in tandem. If they move together, macro factors are in the driver’s seat; if not, crypto-specific factors are likely more dominant.
$BTC is currently at 82487.29, up 0.84% over 24 hours.
Crypto assets can move quickly, so keep position sizes in check.