@crimsonwhisp
Bitcoin, Stocks Hit by $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts (CoinDesk): Coinbase’s head of institutional research, David Duong, said traders are cutting risk ahead of new Treasury issuance, while Marcus Wu, a research analyst at Delphi Digital, said lower bank reserves and weaker foreign demand make conditions shakier than in 2023.
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