Analyst: #Bitcoin's gamma squeeze from last week could repeat If BTCUSD rises to $35,750-36k, options dealers will have to buy $20 million worth of spot BTC for every 1% increase, which could cause explosive growth if we start moving higher towards these levels Our Social Networks : X.com Telegram Facebook Instagram
Brazil's tax department said the country's USDT trading volume has grown rapidly since 2021, reaching $54.5 billion as of mid-October, nearly double the BTC trading volume during the same period. Our Social Networks : X.com Telegram Facebook Instagram
Custodial platform Zodia Custody (backed by Standard Chartered Bank) will begin offering its services in Hong Kong. Zodia noted strong demand for its services in Hong Kong from institutional players. Our Social Networks : X.com Telegram Facebook Instagram
Thailand's second largest bank, Kasikorn Bank, has acquired a 97% stake in the parent company of local crypto exchange Satang. The deal is valued at $102.8 million. Satang will be renamed Orbix, which will have three divisions: Orbix Custodian, Orbix Invest and Orbix Technology. Previously, the bank received a license to trade cryptocurrencies. Our Social Networks : X.com Telegram Facebook Instagram
▪️BTC – $34230 +0.3%. ▪️🔼 —#HEX, #ASX, #GALA. ▪️🔽 —#STX, #MKR, #BSV. ▪️BTC dominance - 53.92%. ▪️Altseason index 18 ▪️Investor Greed 72 Our Social Networks : X.com Telegram Facebook Instagram
Almost ALL borrowers have mortgage rates well below current levels. Thus, almost 30% of borrowers have a rate below 3%, which is less than half the current rate. Even if mortgage rates fall back to 5%, a significant portion of homeowners will still have a financial incentive to move. This is why housing supply remains at its lowest level ever. To increase supply and reduce prices, another mechanism is needed Our Social Networks : X.com Telegram Facebook Instagram
For the first time in history, you need to have a six-figure income to afford a home in the US. According to Reventure, the annual income required to purchase a home is now $111,000. However, the median household income in the US is only $78,000, which is ~30% below this threshold. Just 3 years ago, in 2020, an annual income of $60,000 was required to purchase a home. In other words, the income required to purchase housing has increased by 85% in 3 years. The gap between median income and the income needed to purchase a home is ~25% BIGGER than in 2008. Our Social Networks : X.com Telegram Facebook Instagram
Notably, $BITO traded volume was $1.7 billion last week, the second-largest week since its explosive growth. $GBTC traded $800 million in volume. That's $2.5 billion (top 1% of ETFs) in two less attractive methods (compared to spot) for exposure = although we think spot ETFs are unlikely to set records on day one. obviously there is an audience. Our Social Networks : X.com Telegram Facebook Instagram
Global stocks lost another 1.5 trillion this week. dollars against the background of rising yields on 10-year US bonds and insufficiently good profit results. Currently, the value of all shares is 98.2 trillion. dollars, which is less than world GDP. This means that the Buffett indicator is again below the critical level of 100. Our Social Networks : X.com Telegram Facebook Instagram
A sharp decline in corporate share repurchases. Since the Fed began raising rates, stock buybacks have dropped nearly 50%. In addition, the Inflation Relief Act imposed a 1% tax on stock buybacks, which put additional pressure on them. Share repurchases are currently at levels last seen in January 2020, i.e. just before the start of the pandemic. Further reductions are expected until 2024. Our Social Networks : X.com Telegram Facebook Instagram
#Bitcoin has been showing amazing strength over the last five days above $34k while seeing some of the strongest profit taking in the last two years from STH (short term). LTH (long-term investors) practically did not budge - this is the sixth largest profit taking this year, but minimal compared to the rest. Our Social Networks : X.com Telegram Facebook Instagram
Helicopter money has run out after the pandemic US budget spending plunges the most in a decade Economics has its limits, and if you push it too far, something will break. Given the fragility of the system, it is only a matter of time before budget spending increases again. Our Social Networks : X.com Telegram Facebook Instagram
