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RECAP: WHAT HAPPENED LAST WEEK
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RECAP: WHAT HAPPENED LAST WEEK

Rollercoaster: What's Next? BTC, Alts, Tesla, Macro

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InvestAnswers
Aug 19, 2023
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NUGGETS OF ALPHA

  • ~30% of the Bitcoin supply has not moved in over 5 years

  • Every time BTC has closed under the 200 DMA, it falls 20% lower on average

  • 10K-100K BTC Whales added over 60K BTC in the last 30 days despite the dip

  • DEXs are on fire with activity, while CEXs are getting the regulatory side-eye

  • AVAX is preparing to rain down ~$103M of token dumpage

  • Binance HQ is actively working to protect the $215-220 price level of its token BNB

  • Bitcoin’s price action mirrors global liquidity

  • The total amount in money markets funds surpassed $5.6T

  • Honda and Acura EVs will adopt Tesla’s NACS charging port in 2025/26

  • The U.S. deficit in July was reported as $221B; annualized = $2.62 Trillion

  • 130 countries are currently exploring the use of CBDCs

  • G20 nations are moving toward the first global crypto regulations

  • Only 29.6% of Americans have a cable subscription


The global crypto market cap is $1.06 trillion, with a 24-hour volume of $31.07 billion. The price of Bitcoin is $26,131.23, and BTC market dominance is 48.0%. The price of Ethereum is $1,680.15, and ETH market dominance is 19.1%.

The Crypto Fear & Greed Index is at 39, pointing to 'Extreme Fear' mode. It seems like everyone's in a hurry to find a hiding spot!


Bitcoin supply that has not moved in over five years has reached an

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