TIME to Say Goodbye?

Chart of the Day

In some good news, the U.S. economic growth figures in the final months of 2021 were revealed to signal the potential of a stronger-than-expected market recovery. This may just be the welcome shot in the arm that both the crypto and stock markets so desperately need. This has had a more than welcome positive effect on the crypto market. The number one cryptocurrency by market cap, BTC, is leading a crypto recovery charge from the vanguard after managing to regain some of its upside momentum to successfully reach the lower bound of the $37k region within the past 24 hours. ETH's modest 1% gain over the same time frame was also more than sufficient to buoy its price above the key $2,400 level, while most major altcoins have similarly flipped green. Additionally, the funding rates across major exchanges have mostly returned to neutral levels after nosediving into negative territories in the direct aftermath of the Fed's announcement (of the accelerated monetary policy tightening). However, the BTC-PERP liquidation map does reveal that several clusters at the $33k and the $38k-$42k ranges are still pretty vulnerable to potential shakeouts, so those are key levels that should be monitored very closely indeed.