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Feb 1, 2023 8 tweets 3 min read Read on X
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.
4/ As far as active addresses on Matic are concerned, they are in sync with the price of the token. Almost work as a proxy to price.
5/ When 30d price volatility goes up on Matic, it does not typically end well for the price action in short term. Right now, we see both price and volatility metric up on the 30d frame.
6/ Binance open interest sees spikes on every price pump during this consolidation and then dissipates as soon as momentum slows down. Funding rate regimes on Binance have also switched to neutral.
7/ While on USDT paired CVD has been neutral, we see that in the BUSD pairing Matic has seen spot bidding while perps cvd has been relatively dim.
8/ Breakout of such a long consolidation range should not be taken lightly although there are warning signs of a pullback as well. With ZK2023 Mainnet announcement and release coming up,Matic might surprise us.

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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
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
Jan 10, 2023
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
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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