Wild how intricate the explanations get for why Bitcoin is not going up. Apparently it is because the reverse repo reserve rebalancing constraint buyer is waiting for dealer gamma to equilibrate before prime brokers unlock the collateral liquidity reflexivity.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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