We need crazy things like this for the market to grow, guys!
But I don't know which tokens will be used as collateral; it's likely just $BTC and $ETH, and maybe some top coins from the US.... but that would be too risky.
The story of the Fed pivoting to lower interest rates is getting stronger, especially when yesterday's US GDP showed that the economy and job market are not doing well. If the CPE drops tonight, the Fed can't keep being so rigid.
The flow of money has started to go Risk on strongly, especially in US stocks, particularly in the tech sector!
Naqdas100 and the top stocks of this season, $NVDA, have also broken their peaks after the market began to speculate about interest rate cuts and credit injections from the FED!
It won't be long before this flow of money returns to push $BTC up because more and more people currently believe that $BTC is an asset against inflation!
This doesn't even mention that the liquidation heatmap from Coinank shows that in the past month, many Short $BTC orders have been opened.
Hopefully, part of this money will flow into risk on altcoins, as currently, no one dares to catch the bottom, or else they will lose out...
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