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.
7/ Check out Espresso for frequent coverage on macro and crypto confluences. jarvislabs.substack.com
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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.
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.
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.