Wow, this is something big for
$BTC The Reverse Repo chart shows how much money eligible financial institutions "park" overnight with The Fed in exchange for U.S. government securities.
A spike means institutions are placing more cash into the repo facility, which means the Fed is temporarily absorbing excess liquidity.
So if you see CTs claiming the Fed is injecting liquidity, it's actually the opposite, don't get fooled, they're just click-baiting you.
Yesterday, reverse repo spiked to $105B, a level we haven't seen since September.
While this means that The Fed is draining liquidity again,