πŸš¨π•†π”Ύ 🚨 CRYPTO CAFFEINE
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#ALTCOIN MCAP UPDATE

- BEEN IN A DOWNTREND SINCE
MARCH 2024

- HITS A NEW ATH 287 DAYS AFTER
HALVING

- $3T-$3.5T COULD BE THE CYCLE TOP

#Q4 Anticipation BULLISH.
πŸ‡ΊπŸ‡ΈU.S. Bitcoin ETF flows by day πŸ‘† 3 consecutive net positive days βœ…
You dont believe me? Here are just *some* of the major projects ETH has outperformed in the past year!


-XRP
-Cardano
-BCH
-DOT
-Litecoin
-Monero
-Aptos
-Stellar
-ETC
-Filecoin
-ARB
-OP
-ATOM
-Maker
-MATIC
-Celestia
-ALGO
-EOS
πŸš¨π•†π”Ύ 🚨 CRYPTO CAFFEINE
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ARKHAM GOVERNMENT BITCOIN HOLDINGS LEADERBOARD

1. United States - $12.16B
2. United Kingdom - $3.67B
3. Bhutan - $782.46M
4. El Salvador - $351.75M

Honorable Mention - Germany - ZERO (down from $3.56B)
πŸš¨π•†π”Ύ 🚨 CRYPTO CAFFEINE
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Binance relentlessly buying while Bitmex sells
Binance OI is steeply increasing with the rate cut news

while Bitmex whales are more or less selling / aren't showing signs of actions.

This might indicate that late longs from the retails are building heavily while whales are still waiting for a clear picture of the rate cut.
SUMMARY OF FED DECISION (9/18/24):

1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026

The long awaited "Fed pivot" has officially begun.