Each zap to you is a form of rebalancing to me.

Not great in the near term. The combination of the Fed doing QT, the Treasury shifting towards longer-duration bond issuance, and China running tight fiscal policy, are all liquidity negative.

I think we grind for a while until something snaps in the Treasury market or something adjacent, and then we do the next leg up in liquidity.

Liquidity bottomed back in Oct 2022 right after 1) the UK bond market outright broke and 2) the US bond market was really wobbly (bad liquidity, high volatility). That was fixed by the Treasury draining its cash account and shortening the duration of its bond issuance.

#bitcoin

And it only cost you 250K sats.

Whoop whoop I made the top glass half full the view of an optimist..

NEW: MicroStrategy Inc faces more than $600 million of unrealized loss after recent #Bitcoin  price drop. 👀

Despite this, MSTR stock price is up 132% YTD 🤯

I got you my friend have a Fantastic day thx for playing

REAL footage of mark zuckerberg fighting the nostr CEO

Good morning beloved 🌞💜🌞

Appreciating God's creation this morning. An alien far from home, vulerable outside of his perfectly suited armor. Reminds me of how we are foreigners away from our true home, perservering to the end by God's grace and armor until our final breath. Now to put him somewhere safe.

#jesus #christisking