📈 #Bitcoin $BTC Miners' Netflow Volume (7d MA) just reached a 1-month high of 7.261 BTC
Previous 1-month high of 4.802 BTC was observed on 21 May 2022
View metric:
https://t.co/vDzsDeH7mJ…
4/ Directionally, we’re getting to the point where bulls are few & far between. This isn’t just true for crypto, it’s a feature of many markets – per the charts below, fund managers are more bearish & hoarding more cash than they have done at any point since the early 2000s.
Inflation in the US at around 9%, and most European countries are close to double that
This inflation is calculated on the basket of least inflated assets
These assets also go through something called shrinkflation (Product gets smaller)
The real overall inflation is 50-100%
$WMT US comps of 3% slowing from 5.6%, 260bps slowdown on 2 year avg.
Transactions flat yy, slowing from 3.1%
Ticket up 3%, accelerating from 2.4%
US Gross margin down 38bps vs +54bps last Q…#Falconswaps
Green day so far for equities & crypto
With quite a few Fed speakers hitting the wire today I wonder if #BTC gonna see a scam wick down to take out these lows.... maybe maybe not
Have a blessed day everyone #Falconswaps
$DXY
All eyes on the dollar.
103.82 is the 20 YEAR HIGH. We currently have the DXY trading just below, after wicking above.
Rejection here and the global market party can recommence.
A close above and, well, hide yo kidz.
Looks like we keep on grinding, as #Bitcoin and #Altcoins are moving upwards.
As long as $30K holds, continuation likely towards $32.8K.
The Dollar also showing weakness, which benefits.
#Bitcoin pumped hard after breaching that second trendline. Stayed above it two times and bounced well. On the fourth try it didn’t hold. For the first time since breaching $20,000.
📈 $USDT Number of Exchange Deposits (7d MA) just reached a 5-month high of 619.637
Previous 5-month high of 617.220 was observed on 26 March 2022
View metric:
https://t.co/PSVvdxbhRv…
What’s next for #egld
We could potentially pump to 100-140 range if BTC pumps to 35k before rolling over to 40-60 range
It’s also possible if BTC just dumps to 21k egld would just go to that box
Im a buyer down there #falconswaps