Morning update:

Yesterday’s #PPI was a wake-up call for the bulls as wholesale prices rose by 0,7% in January. The numbers came out hotter than expected and the odds of a 50bps hike at the next #FOMC meeting jumped much higher👀

cnbc.com/2023/02/16/pro… Now some analysts are already predicting that the FED funds rate will move above 6% or even 7%. Isn’t this something Diversitas was saying months ago?😉 #Macro

What is @Injective_ and why soon everyone will talk about it?👀

A thread🧵👇 $INJ Injective Protocol is a decentralized, layer-2 platform built on #Ethereum that enables the creation of fast, low-cost, and highly scalable decentralized exchanges (DEXs), as well as other financial #dApps 👀

Here is why we believe $ASTRO is a sleeping giant that is about to wake up🚀💎

@astroport_fi thread🧵 @astroport_fi is a #DEX build on #Terra🌖 It got extremely popular in its early days and was the main DEX during the collapse of $LUNA and $UST 📉 This is also when it proved itself as a DEX that can easily handle billions of trading volume💪

Morning update:

Yesterday, we got a lot of important economic data and ever since the release, many analysts are wondering what happened. The data we good was far from expectations and is signaling that the #economy is very strong🤔 According to the reported data, #unemployment dropped to 3,4%, the lowest since 1969. Meanwhile, big corporations continue to lay off thousands of employees😂

Morning update:

Yesterday, we saw a rally in the #stockmarket and this was expected. What was surprising is the fact that the #crypto market did not follow the move until major tech companies reported disappointing earnings results and we saw a drop📉

theguardian.com/technology/202… Yesterday proved to us that the market is becoming totally irrational. Bed Bath & Beyond failed to make interest payments on its bonds just weeks after the company warned it was considering filing for bankruptcy, yet the stock is surging higher🤦‍♂️ #BBBY

barrons.com/articles/bed-b…

Morning update:

Crazy times, as soon as the #FX market opened, the British pound dropped hard against the dollar👀📉

#GBP #usdgbp Same story when it comes to #EUR, just not so extreme📉🤦‍♂️

Morning update:

Yesterday, we saw a big dump when it comes to the stock market📉 Most stocks were deeply in red and indexes are now trading at June lows👀 This retest of June lows was expected, now the question is if we bounce or continue to drop🤔 #DOW #SPX500 #StockMarket In our view, a short-term bounce may take place here but on a longer time-frames, more blood is in play until the FED starts to signal easing🤔

Morning update:

Yesterday, #Bitcoin attempted to push higher and break out of the accumulation range. It failed but is now again attempting to push higher. As mentioned yesterday, we don’t believe we will see a big brakeout until we get some hint on the next interest rate hike.. When it comes to the stock market, a very low trading volume can be observed. This further confirms the thesis that most traders are waiting on the sidelines to see what Powell has to say this Friday👀

Morning update:

We are seeing a bloodbath across all the markets. This truly reminds me of the Covid crash back in 2020 when the first wave hit and everyone started panic selling their assets.

#Bitcoin is now down almost 50% from the top, just like many US stocks👀 Netflix stock, for example, yesterday crashed by 20% 👀

Is the new Ozark season that bad?😂

Morning update:

Manipulation continues, first a nice move up and then a big dump. Many blame the US stock market for this but in my view, a 1% drop in S&P 500 does not justify a 10% move in #BTC 🤔 I still tend to believe big financial institutions are behind this as they want to get a good entry before they launch crypto-related financial products this year👀 #Bitcoin

Morning update:

We are starting to see many bottom signals. As pointed out by @CryptoMichNL, we have entered the buy zone based on the dormancy flow👀

While we could keep ranging for a while, this historically presented great buy opportunities👌

https://twitter.com/CryptoMichNL/status/1483881488970096642?s=20

Exchange inflows have also reached a new 6-month low meaning that very few market participants are now depositing coins to exchanges and selling them at those levels. This is another thing that could signal the bottom👌

Morning update:

Whale games continue. First, we dropped to trap the late shorters, then a pump to trap the early longers🤦‍♂️ Whale games just never end... I have a feeling that the market has never been as manipulated as it is right now😱 #Bitcoin Cryptoquant updated their data for #BTC reserves and as you can see from the chart, the reserves keep dropping as the accumulation continues ✅

Morning update:

With #BTC retesting the range lows, the whole market took a big hit. So far the support looks strong and is holding nicely. That being said, a volatility squeeze is building up here and my guess would be that we will break to the upside🤔 We moved down so people started opening new shorts and then a move up that will liquidate them. Hard to say but this would be in my opinion the most logical move at this point.

As you can see, the number of shorts is up over 13% over the past 24 hours👀 #Bitcoin

Morning update:

Again no big changes when it comes to the on-chain data. In terms of the price action, #BTC is doing a retest of the breakout, so far it looks like we are going to bounce and continue the rally✅ $LUNA burning continues🔥 Yesterday we again burned over 1 million tokens and the market cap is already very close to $10 billion as forecasted by Do Kwon🚀

Morning update:

In terms of the on-chain data, not much has changed and I do expect this sideways trend to continue over the holiday season😴 #Bitcoin Things are slightly different when it comes to $LUNA 🔥 The burning does not seem to be stopping and we are again on a track to burn well over 1 million tokens🚀

Morning update:

Bitcoin finally broke above $50k. Meanwhile, the on-chain data indicators stayed relatively flat. The only exception were #BTC exchange reserves that saw a slight rise right after we broke the $50k mark 👀 So far the increase was not too big so I would not consider this as a red flag🤔

Morning update:

Yesterday, I talked about a possible drop but did not have this in mind😅

We saw a similar scenario as in May although the indicators were much healthier this time around and there were no major red flags when it comes to the on-chain data. The only similarity could be observed when it comes to open interest which was at all-time high👀

Morning update:

Since a lot of people have been asking me about $LUNA updates lately, I decided to dedicate the whole update to this special project! In terms of the prices, we are still consolidating in what looks like a giant ascending triangle. We have now been consolidating for more than 2 months and will likely be breaking out in the coming days/weeks as pointed out by @KongBTC

https://twitter.com/KongBTC/status/1454182942507421696?s=20

Morning update:

With #BTC hovering around $62k, let’s take a look at key on-chain indicators. First of all, the exchange reserves. While different platforms provide slightly different data, it is obvious that we are currently at the lowest levels seen during this bull market👀 This is extremely bullish and signals that supply shock can kick in anytime. Since the supply is much lower than it was at the previous parabolic run, this means that things could get even wilder😉 #BTC

Morning update:

Yesterday we first saw an encouraging bounce from the lows. Once we broke 60k traders started to open new leveraged positions and then a dump that liquidated roughly 400 million worth of longs in 10 minutes! Well played #BTC whales, well played!😂 The leverage ratio now saw a proper drop so I think the bull market can continue📈 #BTC

Morning update:

Not much has changed, #BTC continues to trade sideways after the initial bounce from the support at $58k. In my opinion, the bounce was too weak and we will see more blood in order to liquidate more longs. The leverage ratio is still too high in my opinion🤔 Meanwhile, there were no big changes when it came to #BTC exchange reserves, we saw a slight uptick but nothing big so far👌

All other indicators still look bullish and the bull run is far from over if you ask me. SImply a healthy correction after a nice rally✅