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Podcast and Chill #74
Silicon Valley Bank; SVB; SVB!
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“Hal and Cletus discuss what just happened at Silicon Valley Bank, how it relates to the Great Financial Crisis, Haines Bottom, Hal argues why this is bullish for Bitcoin, and why there may be problems for Circle’s USDC.”
“Silicon Valley Bank, which ranks as the 16th largest bank in the United States with $209 billion in assets, has collapsed after a run on deposits thwarted its efforts to raise capital. As a result, the Federal Deposit Insurance Corp (FDIC) has taken control of the bank. Insured depositors will be able to access their funds by Monday morning.”
“On today's episode of The Macro Trading Floor, Alfonso & Andreas walk through the collapse of Silicon Valley Bank. On a historic week where we saw the collapse of the largest bank since 2008, we walk through the dynamics throughout 2020 - 2023 that caused SVB to fail, what risks lie ahead and if we should expect spillovers into the broader banking system.”