Massive withdrawals hit the US banking sector.
BitMEX’s founder Arthur Hayes believes that Bitcoin may stage another bull run this year. 
The recent collapse of the three US banks – Signature Bank, Silicon Valley Bank, and First Republic, and the several predictions of a possible collapse of the banking system have triggered a panic withdrawal among depositors.
This has been confirmed by recent data compiled by the Federal Reserve Economic Data (FRED) system, estimating that about $30 billion was withdrawn from US Bank accounts from May 10th to May 17th. Compared to the previous week, this is $4 billion more than the amount recorded.
A year ago, the US banking system had $18.03 trillion in deposits. Interestingly, this has reduced to $17.15 trillion. Some analysts think that risk assets like Bitcoin (BTC) could be a possible destination for some of these withdrawn funds. 
Many stakeholders expect that the situation is reversed as quickly as possible to avoid crashing down the e

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