Bulls take charge with massive upward momentum in the bitcoin price. We analyze key price levels to watch to determine whether this is another bear market rally or a move with actual lasting power.
From Sam Rule: "The Reverse Repo Facility (RRP) is a tool used by the Fed to manage short-term interest rates and market liquidity. It allows banks and other financial institutions to lend their extra money to the Fed overnight by selling securities and agreeing to repurchase them the next day. In return, institutions earn interest on the loan. Higher reverse repo balances translate to less liquidity in the market and vice versa."
Good job once again for the analysis from both of you.
Keep it coming Dylan and Sam.
Stay humble and stack Satoshis
What is meant by the “repo market” in lay terms? Thanks!
From Sam Rule: "The Reverse Repo Facility (RRP) is a tool used by the Fed to manage short-term interest rates and market liquidity. It allows banks and other financial institutions to lend their extra money to the Fed overnight by selling securities and agreeing to repurchase them the next day. In return, institutions earn interest on the loan. Higher reverse repo balances translate to less liquidity in the market and vice versa."