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Jan 10, 2023 7 tweets 4 min read Read on X
1/ @SBF_FTX 's new fav token is on a rapid rise. Image
2/ #APT sees a drastic positive change in open interest (Oi) change over the past hours. Image
3/ Oi increased by around 18% in 4h and vol increased as well. Image
4/ #APT #APE and #CHZ overperforming BTC in past hours, while continuing to have increasing oi. Probably some more returns on it to come. Image
5/ There is a unlock on APT coming up tomorrow.
6/ #APT is a new coin and not much data to bank on. But seems like it is flipping a consolidation level (green) and could target the (pink) above. If rest of the market continues to hold that is. Image
7/ Check out Espresso for frequent coverage on macro and crypto confluences. jarvislabs.substack.com

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More from @jlabsdigital

Mar 8, 2023
Still hoping for a Fed pivot soon? Think again.

The Fed's favorite inflation measure showed Jan. prices rose 5.4% YoY, a bigger increase than in Dec.

So it's unlikely a Fed pivot is in the cards.

But there are problems with this "official" measure.

More in the 🧵 below...
The most well-known inflation gauge is the Consumer Price Index (CPI).

The monthly CPI releases are like the market's Super Bowl. Everyone is anxiously awaiting what they say about inflation.

But while CPI gets the most headlines, it's actually not the Fed's preferred metric.
Since 2012, the Fed has been using the Personal Consumption Expenditure (PCE) to monitor inflation.

That's not to say JPow and Co. totally ignore CPI.

But PCE has a few subtle differences from CPI that make it more of a reliable indicator of where inflation's at.
Read 9 tweets
Feb 28, 2023
1/ With February ending, let's see what the market is telling us right now...
2/ Fed’s hawkishness and the hotter-than-expected economic data in February fueled the expectations of higher interest rates, strengthening the US dollar. This trend will likely remain unchanged until the release of employment data on Mar. 10 and the CPI print on Mar. 14.
3/ The dollar index #DXY gained 2.5% in February, its highest gain since September 2022. Since DXY started rallying, the crypto market has struggled, especially the majors in $BTC and $ETH, restricting price growth across the broader market.
Read 9 tweets
Feb 27, 2023
You think 6%+ inflation is bad?

This headline is from last month. It's like something out of the Onion.

Sri Lanka's inflation FELL to 54% in Jan.

Why? Mostly b/c of food shortages driving up prices. But the real culprit is the ESG movement.

A 🧵 below on what's happening:
First off, what's ESG?

It stands for Environmental, Social, and Governance.

It's a method investors use to see if a company is acting responsibly, especially regarding the environment, before they invest.

ESG has good intentions.

But it's led to serious problems in Sri Lanka.
In April 2021, the Sri Lankan govt adopted ESG-friendly policies, specifically in agriculture.

And that had a drastically negative impact on crop yields, like rice.
Read 8 tweets
Feb 1, 2023
1/ #Matic
Let's do a quick data dump.
2/ Consolidation for nearly 6 months with one fakeout pump and dump and now in Jan again broke out of that range.
3/ DYDX funding rate %, fluctuations show some minor insight into proceeding price action. Negative funding rates together with a dump most often seem to coincide with scalp buy opportunities.
Read 8 tweets
Jan 12, 2023
1/ #ETH Zone of multiple confluences. Pullback incoming?
2/ Hitting some supply on this overnight pump.
3/ ETHBTC is close to range high with momentum at peak. Range resolution ahead? or fuckery. Inclined on the latter for Jan.
Read 7 tweets
Dec 26, 2022
1/7 The Ongoing Issues With Third-Party Automation Providers And Spot Holdings.
2/7 For the last three months, users of a specific third-party automation provider have been voicing concerns over their spot holdings being manipulated.
3/7 No resolution has been reached by exchanges or third parties - they just tell victims to file police complaints.
Read 7 tweets

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