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RECAP: WHAT HAPPENED THIS WEEK
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RECAP: WHAT HAPPENED THIS WEEK

Bitcoin Layers, BTC Futures, Big 4 Alts, FAANG, Splits + More

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InvestAnswers
Jun 25, 2023
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NUGGETS OF ALPHA

  • IMF suddenly softened its attitude toward crypto

  • The BTC Short-Term Holder Realized Profit/Loss ratio is above a key level of 59

  • IA Bitcoin Top & Bottom model shows large holders' flows of Bitcoin hit the YTD highs of ~$31.4K

  • The SEC approved the first leveraged Bitcoin Future ETF - BITX

  • Bitcoin Futures ETF (BITO) has lost 14.10% against BTC since its launch

  • Daily active users on a chain are a critical determinant of future success

  • Tesla’s Cybertruck brings new optimism and tailwinds for the stock

  • Janet Yellen “expects less use of the dollar” over time around the world

  • The 3 failed banks in 2023 were bigger than the 25 that crumbled in 2008

  • U.S. retail sales are tanking on the same trend as Sweden and Germany

  • Every time the yield curve inversion has been this high, it has led to a recession

  • China is on the cusp of deflation


This lesson will touch on the important development during the week that you may have missed. We will drill into the BTC support and resistance layers over the last four years while reviewing the "big four" altcoins and macro as well.


These developments created a fascinating twenty-four hours. All I want is peace and we will have to wait to see how all of this plays out.


The IMF news is sparking fears that the window to jump on the train may be closing for many leading traders to abandon smaller cryptocurrencies in favor of

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