At the moment the market is expecting a 75 bps increase at the FED meeting on July 27th with an 82% probability. With the recent correlation to stocks, it's not very tempting to long crypto at the moment.
As a general rule, trading volume is the highest when markets capitulate, and such capitulation creates major bottoms.
This weekly chart includes the aggregated bitcoin volume for most BTC pairs (spot & perpetuals across exchanges).
Volume hit its all time high two weeks ago.
How much rate hikes Fed policymakers have signaled they intend to raise the benchmark interest rate by half a percentage point in June and July. Fed hawk and Vice Chairman Brainard also said last month that she was skeptical of any reason for a pause in rate hikes in September.
One month before the #LUNA incident
In fact, Do Kwon has wired $80 million into his wallet.
Honestly, he should go to jail.
A lot of investors have lost a lot of money and he just walked away with a lot of money.
That's the scary thing about capital-controlled markets