Stablecoin supply kept shrinking into Nov 2. The total float was $297.60B, down $4.6B over 7 days and $14.2B over 30 days.
On the rates side, the Fed funds rate was 3.88% and the 10 year Treasury yielded 4.94%.
The Fed balance sheet was $6.75T. The reverse repo facility, where money funds can park cash overnight at the Fed, held $5.10B.
Since 2017, days in this very high band saw a median -0.1% BTC move over the next 7d (n=645, base +0.4%, 8y of records). History, not a forecast.
On the rates side, the Fed funds rate was 3.88% and the 10 year Treasury yielded 4.94%.
The Fed balance sheet was $6.75T. The reverse repo facility, where money funds can park cash overnight at the Fed, held $5.10B.
Since 2017, days in this very high band saw a median -0.1% BTC move over the next 7d (n=645, base +0.4%, 8y of records). History, not a forecast.
