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RECAP: MELTUPS & CAPITULATION
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RECAP: MELTUPS & CAPITULATION

21 Charts: September, Seismic Swings & Capitulations

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InvestAnswers
Aug 06, 2023
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NUGGETS OF ALPHA

  • The average return for BTC in September is -6%.

  • The TVL growth rate on Solana has experienced a significant surge over the past three months.

  • BTC miners' hash rate has notably decreased in the last 30 days.

  • Over the last decade, Apple has expended nearly $600B in stock buybacks.

  • The employment index of ISM has dropped drastically, reaching levels comparable to the recession in 2009.

  • The projected U.S. GDP growth, based on the yield curve, has turned negative for 2024.

  • The average 30-year mortgage rate in the US has reached 7.32%.

  • Within the next two years, more than $16.5T of U.S. debt will be subject to near 5% rates.

  • U.S. state and local tax receipts are experiencing a sharp decline in 2023.

  • China's PPI trends downward, leading to the exportation of deflation to the U.S.


How is the SEC supposed to protect investors from AI anyway? Maybe he will focus on the AI investor scammers that I touched on recently. Good news for Crypto.


This chart is from Dave Puell, who heads up Ark Invest's Bitcoin research, demonstrating that BTC finds support at the short-term-holder cost basis (~$28.3K) and the 200-weekly moving average while potentially facing

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