The Bitcoin Layer GLOBAL MARKETS PANIC: Bitcoin & Stocks CRASH But Recover
In this episode, Nik recaps one of the most eventful few days for financial markets this decade. With the soft landing narrative quickly giving way to a recession after last week's employment data, global markets went into a full tailspin, with US Treasuries dramatically bull steepening, stocks crashing, and bitcoin dipping below $50,000. He analyzes recent economic releases, discusses the volatility event and unwind of the Japanese yen carry trade, and carefully breaks down the price action from Tuesday's sharp, albeit partial, recovery.
The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball
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The Bitcoin Layer and its guests do not provide investment advice.
Chapters:
00:00:00 - A Shocking Week in Financial Markets
00:05:11 - The Pain of Rate Cuts and Economic Disruptions
00:10:02 - Economic Backdrop: Headlines and Unemployment Claims
00:15:05 - Implications of a Bad Recession and Rate Cuts
00:20:24 - The Impact of Treasury Repo Investments
00:25:15 - Bitcoin Price Analysis
00:30:05 - The Response of the Investment Universe
00:34:57 - Yields Breaking Down
00:39:45 - The Unwinding of the Carry Trade
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The Bitcoin Layer and its guests do not provide investment advice.