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RECAP: SUMMER SLUMBER?
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RECAP: SUMMER SLUMBER?

OCTA: Summer Slumber or Someone Stacking on the Sly?

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InvestAnswers
Jul 26, 2023
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NUGGETS OF ALPHA

  • The BTC dominance has declined to 47.64%

  • The Altcoin Season Index has spiked to 84

  • The narrative of strengthening altcoins is also reflected in the weekly money flows

  • The crypto fund flows are down for the first time in four weeks

  • The BTC long-term holder supply is moving into high gear; at ATH at 14.5M

  • BTC Whale inflow volumes to exchanges account for 41% of the total

  • Liechtenstein's Prime Minister is open to investing state reserves in Bitcoin

  • GBTC YTD performance has been stunning at +124.38% versus Bitcoin at +72.66%

  • The Bitcoin Bollinger Bands are at all-time lows

  • Energy is up as investors rotate out of tech

  • The U.S. junk loan market hit with a flurry of credit rating downgrades


The BTC dominance has declined to 47.64%. Overall, the crypto marketplace performed impressively against Bitcoin this week. Ethereum beat Bitcoin this week.


Bitcoin continues to hover just above the $29K level. Ethereum continues to find

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