UK blew up when liquidity was pulled down to the red line. That's also when the dollar index topped.
Then domestic and global liquidity started going sideways for a while. As we flirted with the red line again, more stuff broke.
Discussion
Realistic to think that a small percentage of mass withdrawals at other regional backs will leak into the Bitcoin market? Spike in self-custody BTC at the same time?
I agree, it will be interesting to see what more breaks, when dollar goes on another rally. Who this time will be caught with their pants down. Whatever the case it will make for some nice volatility in FX markets, which always causes nations to act.
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Red line you say?
😗
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