1 -Some views on Matic | Matic is being sold by a whale. Since November 15, this whale has been unlocking 79 million tokens of #MATIC and is getting rid of them progressively. Every time he transfer the tokens to Binance, the Matic price drops sharply. on the 2nd chart #Polygon Foundation Investments wallet offloading Matic tokens..
2 - Exactly 24 hours ago, it transferred 10M from Polygon to Binance.
and the price has dropped by 7%. In his reserves, he has +35 million tokens left, and if he continues selling, the price of#MATIC can drop in a significant way.
3 - Netflows on exchanges are tight right now; one can expect a squeeze in netflows soon. If the whales continue sending tokens to exchanges we can see more drop in matic price.
2 - Exactly 24 hours ago, it transferred 10M from Polygon to Binance.
and the price has dropped by 7%. In his reserves, he has +35 million tokens left, and if he continues selling, the price of#MATIC can drop in a significant way.
3 - Netflows on exchanges are tight right now; one can expect a squeeze in netflows soon. If the whales continue sending tokens to exchanges we can see more drop in matic price.
Note: A BIG week for macro.❕
1 - PCE inflation (Dec. 1)
2 - NFP employment (Dec. 2)
3 - CPI inflation (Dec. 13)
Powell also speaks on Nov. 30
This year, JOLTS and the NFP have become more closely watched data points. (dec-2)
Several Fed speakers have cited the high level of vacancies as indicative of an unusually tight labor market.An easing in its headline Payrolls and average hourly earnings are key requirements for any dovish policy pivot.
Evidence on the inflation outlook will come via the PCE deflator. (dec-1)
Markets are hoping headline PCE falls below 6.0% for the first time in 12 months.
Meanwhile, if the ISM slips below the 50 mark (which separates expansion from contraction), expect more 2023 recession talk. (dec-1)
Markets now see a 50 basis point increase as having a 76% probability (up from 60% a month ago) for the December 14th meeting. If Powell disagrees, then Wednesday’s speech gives him the opportunity to push back.
Huge volatility is coming at the end of the year. Be careful!
1 - PCE inflation (Dec. 1)
2 - NFP employment (Dec. 2)
3 - CPI inflation (Dec. 13)
Powell also speaks on Nov. 30
This year, JOLTS and the NFP have become more closely watched data points. (dec-2)
Several Fed speakers have cited the high level of vacancies as indicative of an unusually tight labor market.An easing in its headline Payrolls and average hourly earnings are key requirements for any dovish policy pivot.
Evidence on the inflation outlook will come via the PCE deflator. (dec-1)
Markets are hoping headline PCE falls below 6.0% for the first time in 12 months.
Meanwhile, if the ISM slips below the 50 mark (which separates expansion from contraction), expect more 2023 recession talk. (dec-1)
Markets now see a 50 basis point increase as having a 76% probability (up from 60% a month ago) for the December 14th meeting. If Powell disagrees, then Wednesday’s speech gives him the opportunity to push back.
Huge volatility is coming at the end of the year. Be careful!
This week has seen more gains in the cryptocurrency markets. However, the question must be asked whether the markets will continue to see further bullishness following the expected elevated NFP (non-farm payrolls) numbers to be released. Three of the sectors covered had the highest market returns. Storage: 45%; Options: 35% Metaverse was up 31%, and Defi/Governance ended the week with 16% returns.
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Matic has seen $929k in net flows in the last 24 hours. Matic is up 8% this week while funds keep sending tokens to exchanges.
Winter-mute sent 1 million $Matic tokens to Binance Exchange eight hours ago; they typically sell matic local tops.
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Another unknown wallet deposited 13.49 million $MATIC tokens to Coinbase almost 22 hours ago.
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