Today’s Nuggets
Bitcoin Above Trend
“Digital Gold”
The Bitcoin Step Change
Price Following Hash Rate Again
Middle East Coming
Mrs. 200 Back to 200 Buys
Sacks will Fix Gensler’s Parting Gift
Institutions Coming for Tesla
The Debt Death March
In this story, we will discuss step changes, where we are in the cycle, how high we could go based on history, and whether we are done. We will look at the step changes and what happens after implementation.
We are 36.4% of the way through this bear market cycle. It is the weekend which means we normally pump! Could we hit $10 trillion? Everything is possible in this market, similar to previous markets.
The crypto market volume is nearly $200 billion. Fear and Greed is at 75. Ethereum is over $4,000 - well done to all the ETH people because the ETFs have pumped it.
This table is slightly out of date. We are up 4.1% for December 2024, compared to the average gainers of 9.2%.
As we saw last month, we were very close to the average of 39.8%, which is mind-blowing. We gained 40% in November. October was up 11.3%, preceded by a gain of 7.5% in September. We have only had three down months this year, which were only slightly negative.
The U.S. BTC ETFs have been the rocket fuel for this run.
We are 130 days in and had a $2.7 billion week, which is insane. The amount of money coming in from BlackRock is something to behold:
Monday = $340 million
Tuesday = $700 million
Wednesday = $570 million
Thursday = $752 million
Friday = $257 million
We are still above trend with a big smiley face :)
The pink is the highest it has ever been in the whole cycle. The stacking is insane and we just hit the highest level ever. The more the price goes up, the more
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