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RECAP: BTC, BONDS & PROXIES
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RECAP: BTC, BONDS & PROXIES

OCTA: BTC, Proxies, Bonds, Tesla, MFs & Metrics

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InvestAnswers
Aug 15, 2023
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NUGGETS OF ALPHA

  • Exchange-held BTC reaches multi-year low

  • Bonds lose favor as safe investments compared to equities

  • Inflows of $29M seen in digital asset investment products

  • Polygon regains top position with 376.34K daily active addresses

  • BTC gains on most alts, causing Altcoin Season Index to fall to 35

  • Grayscale's lawsuit against the SEC holds a 70% chance of success

  • Option bets on Deribit target ~$50K BTC by March 29, 2024

  • Tesla lowers Model Y & 3 prices in China as part of ongoing expansion

  • Olaf Scholz supports Tesla's battery factory expansion plans in Grünheide

  • U.S. tax receipts down 7% year-to-date compared to forecasts

  • U.S. federal budget deficit widens to $2.26T

  • 50% of U.S. families have ZERO retirement savings

  • U.S. credit card debt surpasses $1.03T


The Crypto Fear & Greed Index is Neutral, trending down to 53. I do not expect it to go below 50 until something big happens.


The contrast between our supply proxy and exchange balances is massive, with exchange balances currently sitting at

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