RECAP: NOT PRICED IN

🪙 OCTA: Old Coins, New Hands 💥 Radical Changes

---

NUGGETS OF ALPHA

• Of the over 24,000 cryptocurrencies listed on CoinGecko, 14,039 have died

• Fidelity’s BTC ETF is growing and is nearly the size of BlackRock at this point

• BTC LTH-NUPL value hit 0.55, signifying a predominantly optimistic sentiment

• Digital asset investment products saw $1.18B of inflows last week

• The Altcoin season index has not been this high since 2022

• Over the last 7 days, transaction volumes are 56% higher on Solana than on Ethereum

• Over the last 90 days, BTC has gone up ten times faster than the QQQ

• 73% of the 2023 U.S. BEV revenue went to Tesla, alongside all of the margin

• Cantor Fitzgerald CEO says Tether has the billions of dollars in reserves it claims

• China has just eclipsed the European Union’s GDP

• The dollar's global dominance is being threatened by the rise of BTC and CBDCs

---

Today's story will focus on how things change and how things die. Here is the OCTA story in one image created by AI. In today's story, we will cover:

• Macro

• Tesla

• Altcoin season

• Alarming news

Crypto Market Review:

• The global crypto market cap is $1.7 trillion, with a 24-hour volume of $59.29 billion. 

• The price of Bitcoin is $43,309.04, and BTC market dominance is 49.8%. 

• The Crypto Fear & Greed Index is currently Greed (64).

---

The spot BTC ETF launch interrupted up this cycle. What many expected did not happen and all eyes went from BTC to ETH!

• ETH +20%

• ICP, STX, and BSV were the only tokens down

---

• BTC -7.97%

• ETH +10.61%

• SOL -1.12%

---

The halving is coming fast and is only 92 days away.

---

China has just eclipsed the European Union from a GDP perspective, which is staggering and surprising. Sadly, 2024 does not look any better for the major European economies. China is just ramping up.

---

Morgan Stanley, a prominent financial institution in the U.S., has recently stated that Bitcoin and Central Bank Digital Currencies (CBDCs) have the potential to challenge the dominance of the U.S. dollar in the global economy. This view is based on the growing adoption of digital currencies by central banks worldwide. The dollar's global dominance is currently being threatened by the rise of Bitcoin and the eventual proliferation of CBDCs.