The Liquidity Mirage: Arthur Hayes' Three Scenarios and the Mechanics of the Treasury Repo Game
The yield curve is screaming. The Fed's balance sheet is bleeding. And Arthur...
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The yield curve is screaming. The Fed's balance sheet is bleeding. And Arthur...
Fear
Market Sentiment
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Block reward halving event
Team and early investor shares released
92 million ARB released
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Bitcoin Season