Harland added that the QT might act as a fundamental macro headwind for risk assets later this year.
Chart showing #bitcoin #moving in tandem with the rate of change in Fed's balance sheet size (Decentral Park Capital)
#Bitcoin 30-day options 25% delta skew: Source: LaevitasData shows that the skew indicator has been ranging between 3% and 5% since Aug. 5, which is deemed to be a neutral area. Options traders are no longer overcharging for downside protection, meaning they might lack #excitement,
The high correlation of traditional assets to #cryptocurrencies remains a huge concern for some investors. Investors should not be getting ahead of themselves even if inflationary pressure recedes because the U.S. Fed monitors employment data very #closely