NUGGETS OF ALPHA
Bitcoin is back above the 200-weekly moving average
Bitcoin balance on exchanges is going straight down - supply crunch
Bitcoin is becoming illiquid as more than $4B worth go illiquid each month
Ethereum is becoming more scarce, increasingly being staked, and is deflationary
K33 Research believes it could take 240 days for BlackRock's filing to be approved
Crypto exchange backed by Schwab, Citadel and Fidelity goes live
Deutsche Bank files for crypto custody license
If 0.5% of U.S. retirement assets went into crypto, the market cap would 15x or reach ~$15T
Tremendous optimism has emerged due to the BlackRock ETF filing in the U.S.
ETHE at a 53% discount to its ETH holdings provides an excellent opportunity and I got some.
Per the current trend, Tesla will hit a Golden Cross in the next few weeks
The Fear & Greed index bounces back up near neutral territory
Crypto trader sentiment has reached its lowest level since COVID-19
The SPX Price to Earnings Growth ratio is elevated to Dot Com bubble levels
Singapore has become the most expensive city on Earth
We will start this week by reviewing the cryptoverse in dollars, not Bitcoin.
+7% - BTC & SOL
+10% - STX
+5% - BNB
-7% - XRP
-3.5% - ADA
Now let's look at the market in Bitcoin terms. BTC is running faster than altcoins, but there will come a time when alts catch up.
People are still playing with super high risk projects like SHIB, which was up 7%. STX is up big at +14% because it is regulatory-approved, but the valuation is ridiculous. The losers this week are APE, TON, and XRP.
Last week we had a beautiful sniping opportunity at
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