Over the years we have learned being flat is comfy AF. Measured dry powder available for when stuff gets frothy (plenty of time during the froth to enter) or when shit absolutely nukes for no reason and is heavily oversold just to buy spot.

Capitalising well on those few opportunities > being exposed all the time.

The mental toll it takes to constantly monitor positions and fight yourself doesn't weigh against laughing after a nuke buy and it doing 100% over several weeks. When you are thinking "omg how much worse can it get" buy. (NFA)

Sitting on your hands is the biggest skill you can develop as a trader. If you REALLY believe in something, accumulate it passively but have an exit strategy and NEVER EVER buy more than you can afford to lose.

And we mean, not even a day of sadness, a shrug, cup of coffee and move on.

So BTC went past the yearly high.
Overall everything seems bullish.

From a trading perspective this is a liquidity grab above the previous high. Eating everyone with an SL above it. Should go lower now theoretically.

CME gap is at 29.6XX

HOWEVER from a narrative perspective it’s bullish and strong (only crypto not tradfi).

With upcoming catalysts being:

1) BlackRock having to buy BTC on behalf of investors
2) The actual ETF release on traditional markets
3) Halving coming in approximately 164 days.


Let’s see how this plays out.

Public funds saw a $43m inflow into bitcoin today, that's 10% of the YTD total in one day!

And that’s why you are cautious with news.

The current FUD is actually not really a problem.
That a ticker is removed on the DTCC just makes sense if the product is not available yet.

We need stronger FUD like a delay or wording “not this year”/ macro crash to actually cause a news driven sell off.

BlackRock DTCC went back on the website. Huge manipulation dump and pump

FTX and Alameda funds are on the move!

- 2.2M USD LINK
- 1M USD AAVE
- 2M USD MKR
- 3.4M USD ETH

These funds moved to 0xde9 then 0xaee which is a Binance address.

We don't track offchain movements, but presumably, this is to either liquidate or to prepare to sell these funds.

-Nansen

Bitcoin hits All-Time High

In:
- Turkish Lira
- Argentine Peso
- Nigerian Naira

Powerful green figures from the USA in terms of GDP (gross domestic product).

However, initial jobless claims are going up. The labor market has been the big driver so far.

Things are now running a bit smoother at other ends. Just Jobs and wages look bad.

Tomorrow will see the PCE data (Personal Consumption Expendatures)

Probably one if not the most important inflation data.

These will then probably provide the right information about tradfi market direction.

54.4% was the latest high in btc.d.

As predicted once we loose this level again at some point we will reach our target zone!

Celestia from our report is now listed.
Everyone who did collect their airdrop could now profit 350 - 3000$ depending on the amount of tasks you did.

🇺🇸 SEC Chairman Gary Gensler on Happy 15th anniversary to Satoshi's famous white paper.

| link

+75,000 DeFi users qualified for a new airdrop today 🪂

Users of Etherum, Optimism, Arbitrum, Solana, Cosmos, and others.

@PythNetwork (Oracle Network) just announced their $PYTH airdrop.

Snapshot is already taken.

Check eligibility: https://airdrop.pyth.network/verify-eligibility/check-eligibility

In addition we have 2:45min left till the FOMC meeting.

We had volatility going into the event today.
However markets price the event as a non event and expect no changes to rates.

A lowering or hike would cause big swings.

BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.

Today the memecoin $meme gets listed on many top tier exchanges.

This picture summarizes it well.