According to the #Bitcoin liquidation heatmap, there's a potential strategy unfolding where liquidity hunters could drive the price of $BTC down to $45,810. This move is aimed at triggering liquidations amounting to $54.73 million!
Data is suggesting that key measures of inflation are back on the rise.
In December, CPI inflation rose to 3.4%, the first monthly increase since September 2023.
As seen in the chart below, many inflation metrics show similar signs.
The most likely outcome of this is less interest rate cuts than what markets are expecting.
This means higher rates for longer and a continued move higher in consumer delinquency rates.
The fight against inflation is not over yet.
1. Look at the volume
*(maybe it's more end of Winter and through Spring, than just winter, as I noted on the screenshot)
2. And then look at how early the RSI was going down. A warning for the end of 2025
Notes taken
In case you missed it: Vix - Wall Street’s ‘fear gauge’ - fell to its lowest since January 2020 as investors flocked into equities at the fastest pace in almost two years. That’s a reason to be worried! (via BBG)
@vvalamv@jameslavish The more you look at charts, the more they appear everywhere.
Mountain ridgelines
Weather patterns
The wind. Here's 5 anemometers.
@GhostofWhitman@HodlAlabamGhost@robin_linus If you believe bitcoin is going to be the base layer of all value in the world, and aren't excited about the ability for a trust-minimized system where theoretically all financial applications can be built, i think you either misundertand or have lost the plot
Another news based price change. No quality #cryptocurrency goes up this fast without a quick retracement.
Although the price tends to be a little higher once the news story settles out.
This can be seen every time Elon Musk mentions #Dogecoin
🚨 Breaking News 🚨
"HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients focusing on tokenized securities in conjunction with Swiss crypto safekeeping specialist Metaco."
Metaco is owned by Ripple 🤯
Source: Coindesk
#Bitcoin #BTC #XRP #Ripple #Crypto
PS. We are still in a bear market ey?
WARNING: the Money Supply is officially contracting. 📉
This has only happened 4 previous times in last 150 years.
Each time a Depression with double-digit unemployment rates followed. 😬