Disliked{quote} Overnight panic run on lira with markets closed as Lira crashes massively, capitulation of Turkish investors and holders has finally come. Now the fear flight into safe haven begins at full peace inside the country, dollar in first place, gold second and perhaps up to extent not yet so much but more later...Bitcoin. Later today press conference of goverment to confirm new politices or stance of central bank, at this point nothing really matters on long run. There are two scenarios that will now (very likely, high probability) be taken in...Ignored
EDIT: buyers for Lira are gone. Spreads at ask huge. At this point even with finding shorting entry it would be difficult or rather to say not a great on RR side. As the bid gives up on Lira now this could be taking any size of move into the hole of liquidity on buy side.