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TLDR
- Bitcoin broke out of a potential bear market according to realized price cohorts.
- Record-breaking BTC options expired on Friday.
- On March 14, the U.S. government sold 9,861 BTC, and approximately 41,490 BTC remains.
- U.S. PCE data comes in slightly lower than expected
- E.U core inflation hits all-time high
- UK house prices suffer the biggest decline since 2009
- Deposit flight slows out U.S bank accounts
US
Bank panic slows
It’s been over two weeks since the collapse of Silicon Valley Bank, and we’ve seen the ripple effects it has caused on other regional banks. But we have yet to see the full extent of the fallout and potential contagion.
In the past two weeks, depositors took out almost $240 billion of deposits and moved them into treasuries/money market funds to ensure a higher yield. However, this week deposit outflows were reduced to $66 billion, which may signal panic is decreasing.
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