Current crypto market situation
🔹High Coinbase Premium
🔹 Coinbase Premium (30HMA) has now been positive for ~74 days
🔹 Billions flowed into $BTC ETFs
🔹 Exchange reserves continue to hit new lows
🔹Funding rates remain negative👀
🔹SP500 & Nasdaq in ATH just now
🔹Public companies like Metaplanet, GameStop, Vanadi Coffee and many others are buying thousands of $BTC.
🔹Brian Armstrong revealed that Coinbase is buying Bitcoin every week for its corporate treasury.
🔹David Sacks said, “July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!”
🔹More than 70% probability of a rate cut in September and with options for rate cuts in July.
🔹The top 5 banks can now have free leverage to buy US treasuries, which is the exact same form of stealth QE used in 2020 after COVID. 👀🖨️💸
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