US Economic Surprises are starting to roll out.
See below yesterday macro numbers - majority of them missed estimates (hard & soft data) *ADP Payrolls: Miss 🔴 *S&P Services PMI: Miss 🔴 *ISM Services PMI: Miss 🔴 *ISM Services Employment: Miss 🔴 *Factory Orders: Miss 🔴 Source: Jessie Cohen
Bitcoin hodlers this morning...
Happy $100k bitcoin day
$8 BILLION worth of Bitcoin shorts to be liquidated at $110,000
Source: Vivek
HISTORY: With OVER 1,200,000 BTC, Wall Street hashtag#ETFs now hold more Bitcoin than Satoshi Nakamoto
Source: The Bitcoin Historian
US STOCK MARKET LIQUIDITY IS FALLING
S&P 500 ETF daily trading volume PLUNGED to 26.9 million on Tuesday, near the lowest since 2007. At the same time, S&P 500 futures trading volume FELL to the lowest in 3 YEARS. This increases the risk of some wild moves going forward. Source: Global Markets Investor, The Daily Shot
Bitcoin is still just 0.2% of global asset value.
Here is the latest update of this chart, which you may have seen in Microstrategy CEO Michael Saylor's presentations. With Bitcoin's price over $90k and ~$2T in market value, it may feel like you're late to Bitcoin... but it is still a tiny bucket in the global asset ocean. Source: Jesse Myers (Croesus 🔴) @Croesus_BTC
Overnight gains in US equities have massively outpaced intraday gains.
Source: Chris Murphy, Susquehanna International Group, The Daily Shot
As the old adage says... "Concentration makes you rich. Diversification keeps you rich".
#BTC
