Today’s Nuggets
Bull Market Status
10 Black Days
Strategic Bitcoin Reserve Proposed by Brazil’s VP
Parabolic Stacking Dominance
ETH ETF Bleeding Out
Kraken Released
Hyundai Doubles Down on USA
China Controls Critical Minerals
Stagflation Fears Creeping In
This is Friday Fire, where I cover all of the spicy news from the week.
The market still sucks and we are still chopping sideways. However, there is still good stuff to cover in this stacking dominance edition.
The Fear and Greed Index has not changed much over the last few days, as the market is still on edge.
Bitcoin was at $88K earlier in the week and fell as low as $83K today, which is not good. However, Gold is above $3,000.
Why is Gold doing so well? Is Gold a better investment than Bitcoin? Could there be an angel of game theory here?
The first three factors tell us that the bull market is still on, and we are not seeing the two primary signals that would point to the fact that it might end.
Approximately 15-20% of the people are convinced that the Bitcoin bull market is over. I am acutely aware of the tensions in the community about macro and how they pertain to this bull market cycle. There is a lot of global tension with wars and tariffs.
I have never seen such a tense world, but we all must chill out.
We are very far from the 1 MVRV level, which is when we will be entering the bear market.
The last time we were at that point was mid-late 2023, so we should be
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