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RECAP: BLOCKCHAIN DOMINATION
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RECAP: BLOCKCHAIN DOMINATION

OCTA Crypto Alert: Brace Yourself for the Big Leap!

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InvestAnswers
Aug 08, 2023
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NUGGETS OF ALPHA

  • The Crypto Fear & Greed Index stands at 54, indicating neutral sentiment.

  • Bitcoin (BTC) is currently transitioning through a re-accumulation phase after the bear market.

  • Open interest on Deribit suggests a $60,000 Bitcoin price by the end of next June.

  • The Alt Season Index continues to show a preference for altcoins.

  • PayPal has introduced a stablecoin called "PYUSD."

  • Cathie Woods anticipates the SEC's approval of multiple Bitcoin ETFs simultaneously.

  • SOL recently experienced a Golden Cross, leading to a 10% surge in a single day.

  • The correlation between BTC and QQQ is nearly unchanged from last week.

  • Ethereum's Deribit Put/Call ratio stands at 0.45 for June 2024

  • Germany's GDP growth lags behind other major European nations.

  • APT will distribute tokens over several years, while SAND is seen as a highly opportunistic endeavor.

  • U.S. federal government expenditure has increased by almost 14% year-over-year.

  • Bankruptcies in England and Wales are approaching the historical peak observed during the Global Financial Crisis.


When I conducted my original analysis on the halving, I forecasted it to be on April 14, 2024, but it appears it might have extended three additional days to the 17th.


The Crypto Fear & Greed Index is currently in neutral territory at 54. This index has been trending up for the last two weeks.


Per this glassnode chart, less than 4.9% of BTC trading days have been in a

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