Bitcoin was holding steady just below $20K despite a pall of bearishness over traditional markets. Central banks drain $3T via quantitative tightening. LedesmaLyllah and Godbole17 report in First Mover by CoinDesk Markets
is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.
"If you think that QE was helpful on the way up, you have to believe that QT will be unhelpful on the way down," Callum Thomas, head of research and founder at Topdown Charts, wrote in a email.
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