Real Vision analyst Jamie Coutts believes that Bitcoin is showing bullish signs despite concerns of another banking crisis in the US. Coutts, a former Bloomberg analyst, suggests that macro conditions could lead to a surge in Bitcoin’s value. He points to a report from the Federal Deposit Insurance Corporation (FDIC), which states that 63 US banks are on the verge of collapse due to $517 billion in unrealized losses. Coutts also mentions his Bitcoin Trend model, which has been triggered by recent market movements. He uses a combination of moving averages, the profit and loss metric, and the Slope indicator to analyze the market. Coutts predicts that the weakness in the banking industry may lead the Federal Reserve to inject liquidity into the markets, which would be beneficial for Bitcoin. The FDIC’s Quarterly Banking Profile report confirms that US banks are facing significant paper losses, primarily due to exposure to the residential real estate market. These unrealized losses can become a liability when banks require liquidity. While the FDIC states that the US banking system is not at immediate risk, it warns that factors such as persistent inflation, volatile market rates, and geopolitical concerns continue to put pressure on the industry. At the time of writing, Bitcoin is trading at $70,889, showing a 2.6% increase in the last 24 hours.