Aug. 22 at 8:23 PM
$BTC.X Point of Control:
$64,524. Current price:
$77,282.
That gap got built on
$4.2B in forced short liquidations, not real demand. Liquidity proxy or leverage proxy? You decide.
Also: private credit (
$BIZD $PSEC) just posted its worst non-accrual reading since 2017.
$2T market, all-time-high defaults in July per Fitch. Nobody's talking about it.
New DFD is up: https://kingcambo812.substack.com/p/dumpster-fire-digest-30-gold-overtakes-treasuries-trump-trades
Stay nimble. Stay liquid. Stay cynical. Stay Savage!
— KingCAMBO | kingcambo812.substack.com
--Fear and Loathing In Trading Hell