Nicc

CEO & Co-founder @coinbureau | Ex Goldman & Mensa Member | Tweets not financial advice

[Nicc @nicrypt00]

Iran got a 60-day sanctions waiver to sell its oil

Six weeks in, 60M+ barrels are still sitting on tankers in Asian waters

China's refiners are at a 9-year low and India is waiting on payment clarity

You can lift a blockade but you can't force anyone to buy.

[Nicc @nicrypt00]

BIG Day today!

NFP release going into a long weekend.

Markets are currently forecasting 115k vs. 172k previous.

Any surprise could be amplified by the low liquidity conditions going into independence day.

We also have jobless claims which could add to the mix.

[Nicc @nicrypt00]

How do you even make 22,136 stock trades in a year?

That's 84 trades a day every week day!!

Is Trump running a trading bot on his account or something?

[Nicc @nicrypt00]

The Yen Collapse just cannot be stopped.

It's on the brink of breaking through ¥163.

The only solution is higher rates but that creates even more problems.

With the highest Debt / GDP ratio in the developed world, interest costs are already 25% of the entire budget!

[Nicc @nicrypt00]

Let this sink in.

Trump personally made more from crypto than EVERY publicly traded US crypto company.

Pro-crypto president indeed.

[Nicc @nicrypt00]

Zuckerberg wants to copy EVERYONE.

- Snapchat with Instagram stories
- TikTok with reels
- X with threads

And now AWS with some Meta cloud service.

I feel they haven't invented anything original than Facebook.

And even then, it came after MySpace 🤷‍♂️

[Nicc @nicrypt00]

Is the inflation scare over?

Eurozone inflation just came in way below expectations & Kevin Warsh said US "Inflation risks have come down"

Markets are still pricing in one rate hike this year but the data is beginning to turn.

[Nicc @nicrypt00]

Why are we seeing a surge of support for Socialism in the US?

[Nicc @nicrypt00]

The US Petroleum reserve is still being drained.

Estimates of the drawdown last week were 5.5m barrels drained bringing total inventories to 325m - levels not seen since 1983!

Good news: The drawdown is slowing.

Bad news: It's going to take months to replenish.

[Nicc @nicrypt00]

People trying to change their financial position in the memecoin "trenches" deserve their financial position.

Financial natural selection.

[Nicc @nicrypt00]

AI is creating jobs, not stealing them.

According to a Ramp study, companies spending the most on AI grew headcount 10% & entry-level hiring 12%.

Low spenders? Flat.

Sure, automation eliminates some jobs, but it also creates others.

[Nicc @nicrypt00]

Bitcoin has hit a new cycle low of $57.7k

It's managed to bounce again off the level I pointed on on Monday.

It's crucial that we hold it.

[Nic @puckrin]

This hasn't happened to Bitcoin in over 3 years.

It just closed below the 200w SMA - the first time this cycle!

It's a key bear market support which is now broken.

Watch the 61.8% fib ratio at $57.9k as the next support.

If we break that, the onchain realised price at $53.2k is the next key level to watch.

Happy Monday!

[Nicc @nicrypt00]

Make America Grift Again ™

[Nicc @nicrypt00]

Circle stock is absolutely COLLAPSING.

It's down 14% today!

Here's why:

Stripe, Coinbase, Visa, Mastercard, BlackRock & 140+ others just launched a rival stablecoin called Open USD.

It charges zero minting fees & hands the reserve yield back to partners.

That yield IS

[Nicc @nicrypt00]

Hedge fund bets on the dollar just hit a 16-month high.

If the Fed tightens more than expected, the rally could get explosive.

The dollar pain trade is building.

[Nicc @nicrypt00]

Japanese action on the Yen incoming!

It keeps collapsing and is now trading at 162.2 - a 40 YEAR high.

The Finance minister just said that they are ready to take "bold action".

The BoJ is also going to have to speed up the hikes.

[Nicc @nicrypt00]

Strategy's message today:

Preferred holders - your dividends are safe. 12 months of cash set aside. STRC raised to 12%.

Common holders - we're buying back $1B of your stock.

How?

If needed, they can now sell up to $3.25B of Bitcoin.

MSTR liked it, Bitcoin not too sure.

[Nicc @nicrypt00]

Europe is boiling - and it's also about to freeze.

EU gas storage levels are forecast to fall to the lowest level in years.

The sad part is that it's self inflicted.

They killed nuclear, leaned on Russian gas & then cut that after the sanctions.

The final bet was on

[Nicc @nicrypt00]

I'm sure this is nothing to be concerned about.

Just record retail allocation to Leveraged EFTs.

No need to worry about the record $1.4 trillion in Stock Margin Debt - it's only up 54% on the year.

No doubt that it's all going to be well controlled & orderly when it unwinds.

[Nicc @nicrypt00]

The Dollar breakout continues!

The DXY just had its first weekly close above the 100w MA since February last year.

Dedollarization you say?