It this was dot com bubble into the housing crash, the spike would be that high every day and that's before adjusting for inflation. Around October 2008, the federal reserve switched to outright quantitative easing, which is better viewed here, and the amount dwarves this.

https://fred.stlouisfed.org/series/WALCL

$6.5 trillion and trending down vs about $30 billion spike in repurchase agreements. I don't think this is significant.

[–] Biddles@hexbear.net 17 points 4 days ago

You are correct, this is definitely nothing. Repurchase agreements were consistently way higher in 2019 as QE was winding down. QE is winding down again, so RPs are being used again. Literally nothing to see here

https://fred.stlouisfed.org/graph/fredgraph.png?g=1OqI2&height=490

[–] plinky@hexbear.net 6 points 4 days ago

this could be crypto margin calling tbh on some edges, 20% drop in bitcoin is plausible to fuck some bank