On-сhain Weekly Report №52 (Week 1 2022)
pitifulCurlew2
May 9
The release of the meeting minutes of the Federal Open Market Committee pushed down the price of Bitcoin as well as many other assets. The main notes were related to rate increases, an accelerated pace of tapering and of potential quantitative tightening to lighten the central bank’s balance sheet. Futures open interest has pushed to new ATHs, many long positions were liquidated and now a possible short squeeze is developing. According to Binance (BTC/USDT pair), Bitcoin opened the week at $4...
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