Amid a general sense of unease around the spike in precious metals, the decline in the dollar, Bitcoin’s weak-to-flat price action, geopolitical uncertainty, and persistent trade wars, several economic stressors actually appear relatively relaxed.
The canaries in the coal mine for Bitcoin are still singing, and while a few have started to flutter, none have fallen from their perch yet.
The mine air still looks breathable
Gauges tied to liquidity, credit, and rates volatility stayed below stress thresholds…