FUNDING PRESSURES IN U.S. MONEY MARKETS ARE TIGHTENING AS BANK RESERVES DIP BELOW $3 TRILLION, NEARING THE FED’S “AMPLE” LIQUIDITY THRESHOLD. OFFICIALS ARE INCREASINGLY SPLIT ON WHEN TO HALT BALANCE SHEET RUNOFF WITH POWELL AND LOGAN FAVORING AN EARLY STOP, WHILE BOWMAN PUSHES FOR A SMALLER BALANCE SHEET. THE WIDENING GAP BETWEEN KEY SHORT-TERM RATES SIGNALS THAT LIQUIDITY CONDITIONS ARE NO LONGER ABUNDANT, RAISING THE ODDS THAT QUANTITATIVE TIGHTENING MAY END SOON.

Bitcoin isn’t just surviving
it’s rewriting the rules of money.
Every dip, every rise, it keeps proving why it’s the king of crypto.