TODAY on an epic Alpha Beta Soup, we're talking econ:
💸 Bitcoin + QT
💰 The wealth effect
🏠 Home prices vs Income
🛍️ Consumer strength
🗒️ The Fed's plan
Pour a beverage and keep a second close by. Lots to discuss, friends!
Share / Support 💘 piped.kavin.rocks/izy_EZQI1eg
It appears an inside job was allowed to be carried forth to bail out a whales all while the retail bag holders got incinerated. 🔥
Massive class-action / criminal proceedings possible with this. 👇
1/2 As anyone sees by now, the #Bitcoin Price Temperature (BPT) 🌡️ has cooled off drastically & is even nearing its freezing point at ~$21.2k ❄️
No guarantees that price will do a full 4-year mean reversion, but there's confluence for a potential bottom in the mid-to-low $20k's
2/2 When split per 4-year halving cycle, we see that BPT 🌡️ rose early but never peaked as high as previous cycles
The result of naturally dampening 4-year volatility, an unfavorable broader macro-economic landscape, or perhaps both? 🤷♂️
Most coins that are marketed as technological innovations, are just technological trade-offs. Some of them are also scams, frauds, or economic misunderstandings.
Being structurally bullish on bitcoin but not really on “crypto” is a specific position.
I wanted to share that we are starting a new company called @lightspark to explore, build and extend the capabilities and utility of #Bitcoin. As a first step, we’re actively assembling a team to dive deeper into the Lightning Network. (1/3)
LUNA had around 90M coins in liquid circulating supply up until 4 days ago. Today it minted 16 billion new coins. That’s 170 times the amount of its former total supply. In one day.
There’s bitcoin, and there’s shitcoins..
#Bitcoin balances on spot (🟩) and derivatives (🟥) exchanges, as per @cryptoquant_com
Interesting divergence over the last couple of days. Could be a visualization of funds getting sucked up by derivatives exchanges as the result of margin calls during the current dip?
- 37k BTC flowed from @Gemini to all other exchanges, hitting an all-time high on May 8th.
- 37k BTC moved from @LFG_org reserve wallet to Gemini on May 9th.
- No significant trading volume on Gemini for now, but it's skyrocketing on other exchanges.
Amidst downside price exploration of Coinbase's stock price following bearish earnings reports, the "Coinbase Premium" (difference between Coinbase's BTCUSD & Binance's BTCUSDT pairs) is at a discount not seen since mid-2019 🐻
An alarm bell 🚨, or an arbitrage opportunity ⚖️?