The #Bitcoin CME Gap at 39.7k...
By my count 28 out of 30 gaps have been filled on CME daily candles (93%). The other unfilled gap is pictured in the lower left of this chart also.
$ES The market is currently in balance across all time frames. The general guideline suggests going with the break of the 3-day balance area and observing for continuation (Acceptance) or lack thereof (Rejection).
Smashlevel: 4524
#ES_F $VIX $SPY $SPX #smashlevels
1/ SVB—WHAT WENT WRONG
* mgmt: debauched its balance sheet
* depositors >$250k: thought their deposit at a fractional-reserve bank wasn’t an unsecured loan to a leveraged borrower (it is)
* Fed as regulator: that morning, the top cop said Fed-supervised banks don’t have bank runs
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What other algorithmic stablecoins, like half of FRAX, what UST wanted to be, etc?
Using something like seniorage shares.
NOT like DAI, which is collateralized?
Where the defi wizards at?
If you've noticed the state of Ropsten right now, you'll see that every block has a single transaction, with metadata saying "WILL RECOVER ASAP".
https://t.co/W0Dt7OIT6O
So, what happened?
TL;DR it's Merge/TTD related. Settle in for one of the rare few threads I'll write.
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