According to pseudonymous crypto analyst Ted Talks Macro, the correlation between BTC and traditional liquidity is even stronger right now.
BitMEX founder Arthur Hayes has previously viewed the US elections as a ripe opportunity for the US treasury to inject more liquidity. “The outlook for bank reserves is for them to fall into mid-year – Q3 as the RR facility is depleted… However, institutional crypto asset trading firm, QCP, viewed the depressed macro conditions as the perfect opportunity to go long. Part of the QCP’s Telegram statement
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