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USD Liquidity Conditions Index

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USD Liquidity Conditions Index = [The Fed’s Balance Sheet] — [NY Fed Total Amount of Accepted Reverse Repo Bids] — [US Treasury General Account Balance Held at NY Fed]

"Bitcoin vs. USD Liquidity Conditions Index
In this current phase of the crypto currency capital markets, Bitcoin represents a high-powered coincident (and sometimes leading indicator) of global USD liquidity conditions."

cryptohayes.medium.com/teach-me-daddy-33e7a66dfe76
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