Today’s Nuggets
Tourists Vanish, Whales Return
Funding Rates Mark Bottom
Short-term Holders Sell BTC at a Loss
Nick Szabo is Focusing on Hyperbitcoinization
MSTR Ballots are Out
CLSK HODL Over 10K Homemade Bitcoin
Raydium Perpetuals Launch
Firedancer’s Frankendancer
New Model Y Launches in China
Democracy Returning to the European Union
The markets have been choppy and a lot of weird stuff is happening, especially in the bond market and global fiat currencies.
However, some good on-chain indicators suggest Bitcoin may be nearing its bottom.
The Fear and Greed has come down a lot!
For the last two or three months it has been north of 65 and is now down at 50. It is normally a good time to buy when the Fear and Greed gets down to 25.
The Stock Market has been fearful for quite some time.
They were neutral a month ago but the last three weeks have been in the fearful zone because of the global macro situation. The question is, how much are crypto and stocks correlated?
This chart shows you how retail demand has changed
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