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RECAP: LTHs IN CONTROL
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RECAP: LTHs IN CONTROL

OCTA: Surfing the Lows, Embracing the Highs! $BTC

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InvestAnswers
Aug 23, 2023
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NUGGETS OF ALPHA

  • The Fear & Greed Index is down in extreme fear territory at 37

  • Digital asset products saw outflows totaling $55M over the last seven days

  • This week ETH -10%, BTC -11%, and BNB -13% are down

  • Binance & Bybit have consistently underreported their liquidation data since 2021

  • As of 2023, over 40 countries have shown interest in joining BRICS

  • The U.S. Treasury cannot dig its way out of its debt spiral situation

  • Bitcoin’s RSI (on the daily) is on the same level it was in March 2020

  • Long-term holders are controlling more and more of the Bitcoin supply

  • The ETH/BTC has shown some strength recently despite trading near-range lows

  • More BTC bets are now on the $50 to 52K level for March 29, 2024

  • Tesla became the world's largest supplier of energy storage systems in the first half of 2023


The Fear & Greed Index is down to 37. We are in extreme fear territory for the sixth consecutive day. If you have been in this market long enough, you know to

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