Today’s Nuggets
President Bukele Meets with Argentina
Goldman Sachs Sees the Liquidity Impact
BTC ETFs Below Trend
Average Mining Costs Problem
The Massive Mean Reversion Reversal
Global Money Supply Skyrockets
What the heck is going on here?!
We are in Uptober and Bitcoin is down about 2.8% this month. We are about a day and a half into October and are not getting where we need to be.
We know there is a lot of geopolitical tension and fear about wars and strikes that we covered yesterday.
The Fear and Greed are back down in the fearful zone of 41.
Remember, there is always that lag in the Fear and Greed Index. If it goes to 25, then that is the time to buy.
Here, we have Nayib Bukele meeting with the VP of Argentina. Is he orange-pilling Argentina?
For context, Argentina is 19 times bigger than El Salvador and is a G20 nation.
The start of Bitcoin October in previous cycles did not begin until the last cycle, which was the 8th of October. In 2016, it started on the 11th of October.
Let us give this another eight days to see if this thing happens…
The ETFs have skewed us heavily because they brought us higher and faster than normal, which is why everything is slightly different.
This is the
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