BITCOIN liquidates on the back of SVB Financial Group collapse and possible Venture Capitalist wipeout. Eyes on the NASDAQ and signs of a bailout. Will the Fed absorb losses or the U.S government? May cause major distortions in the bond markets.

BITCOIN (BTC) is being liquidated on the back of the SVB bank potential collapse, which has been a darling for Venture Capitalist start up funds for Silicon Valley ala the NASDAQ speculation trades. i,e companies that are worth nothing on paper.   This would be of course interest rates pushing up bank margins and of course margin calls on high risk loans.   Therefore a liquidation trade on most assets could occur across the board, thus a contagion cannot be ruled out.  Depending of course on a bailout.  Which will be interesting, in light of my last post before I knew about the crisis with SVB Financial Group, where the Federal Reserve may need to take up more labilities onto their balance sheet,  when they should be reducing them, if the SVB bailout is larger than something the U.S. government is prepared to underwrite.   Undermining an already problematic issue with market interventions, inflation and distortions of the bond and money markets.  

Above chart is BTC price, now heading south with its mythical safe haven (and hedge) all but in tatters.   Returning back to its supports and trading ranges of 17300 and 1600.