This feels way too chill for all that is happening and may go down. Monday will resume locked trading of USDC and who knows how many other ripples will be caused by the SVB collapse. Reserves of all kinds at unknown amounts that may not ever be recouped.
I follow Krowns crypto trading and he is about as unbiased as they come and very good at analysis. He has a tweet claiming extreme news events that happen usually the price action to reflect takes 2-4 weeks to play out. In this case it’s negative news so time will tell.
Anyways, I have sold a decent amount and do think once the storm comes after there will be much better prices so that’s my optimistic outlook.
For anyone who wants to say I’m being dramatic or just FUDing. I guess we will see. I think in a month the full effects of SVB will be about over. Will other dominoes fall? Should be a wild ride and in it together.
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