We discuss BITCOIN 1st $10,000 move on a single day. We also discuss the Fed Repo and Reverse Repo Operations buried in today's headlines.
The Institutional Bitcoin Sell Off
This sell-off is historic in magnitude of losses realized by short term holders. STH-SOPR has only dipped this low on three occasions since 2015:
- Feb 2018 start of bear market
- Nov 2018 bear capitulation
- Mar 2020 COVID sell-off