Or not since you’re studying😁
A bull crash appears like nonsense, proper? However right here we’re — Bitcoin flirting with doing one thing nice once more, the economic system supposedly sturdy, but one thing feels… off.
Financial institution of America’s CEO Brian Moynihan says the economic system is in higher form than individuals suppose. The Fed simply paused fee cuts, signaling confidence (or cluelessness). And but, stablecoin provide sits at $230 billion whereas complete worth locked (TVL) in DeFi is beneath $100 billion — an enormous liquidity hole that nobody appears to be speaking about.
So the place’s the cash?
Everybody’s cheering this market, however if you happen to’re not paying consideration, you’re about to get wrecked.
Again in the actual bull runs, stablecoin provide was a main indicator — extra USDT, extra USDC meant extra firepower for DeFi, alts, and risk-on performs.
Now? Not a lot.
$230 billion in stablecoins, but beneath $100 billion locked in DeFi. If stablecoins are the dry powder, the place’s the gunfire?
Two prospects:
- Large cash is ready. Good cash isn’t chasing inexperienced…