Fr. Sep 22nd, 2023

• The banking crisis following SVB’s collapse has the market pricing in lower interest rates far sooner than previously expected.
• Analysis from CryptoQuant analyst Cristian Palusi suggests that the liquidity crises now plaguing commercial banks may be a “long-awaited buy signal” for Bitcoin.
• Coinbase (COIN) has risen over 37% over the last 5 days, and is known to be tightly correlated with the crypto asset market that it enables trades for.

Bank Crisis Leading to Fed Pivot

The banking crisis following SVB’s collapse has the market pricing in lower interest rates far sooner than previously expected. Markets are starting to price in an incoming Fed pivot as bank instability forces central banks to protect the financial system.

Coinbase Premium Indicating Buy Pressure

Analysis from CryptoQuant analyst Cristian Palusi suggests that the liquidity crises now plaguing commercial banks may be a „long-awaited buy signal“ for Bitcoin. Coinbase (COIN) has risen over 37% over the last 5 days, and is known to be tightly correlated with the crypto asset market that it enables trades for. „Initially the spread could have had a double interpretation following the depeg of USDC, in light of the recent price action it is clear that instead the premium indicated the enormous buy pressure on th

Gold & Bitcoin Rising

The precious metal surged to nearly $2000 as of Friday, while its oft-considered digital successor rose to another 9-month high of $27,000.

Implied Federal Funds Policy Rates Shortening

Palusci noted that implied federal funds‘ policy rates have severely shortened their time frame for when they think central bank will first cut rates again, from Q1 2024 to June 2023.

Bitcoin Bottom Signal?

Palusci concludes his post suggesting this may very well be a long-awaited buy signal for Bitcoin investors looking for further gains form their investments.

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