Channel: The Wolf Of Few Streets
Strong PMI data affected crypto a little bit
FED SWAPS PRICE IN LESS THAN 50% ODDS OF JUNE RATE CUT
FED SWAPS PRICE IN LESS THAN 50% ODDS OF JUNE RATE CUT
Tether continues to print billions, which is usually a good sign 😅
1,000,000,000 #USDT (1,000,999,999 USD) minted at Tether Treasury.
1,000,000,000 #USDT (1,000,999,999 USD) minted at Tether Treasury.
Since the recent activity in the crypto market is closely related to concerns about interest rates and the dollar, the main movement is expected on Friday after the NFP data is released. Until that point, regardless of whether the price is driven up or down, there's a high chance that the movement will turn out to be false, as neither bulls nor bears will likely push the market strongly in one direction ahead of Friday's data. So, for now, I expect there will be short rises and falls and then back again. The NFP data is due on Friday at 12:30 GMT. Until then, expect a dull sideways market unless something happens...
Positive news from Morgan Stanley and UBS 'racing' to offer Bitcoin ETFs to all clients is pushing the market up a bit ahead of schedule. Rumors started circulating yesterday, but the current growth coincides with the time when articles appeared in major media outlets. But on the eve of the NFP, they may be afraid to push too high, as I mentioned earlier.
https://bitcoinmagazine.com/business/report-morgan-stanley-ubs-bitcoin-etfs-all-clients
https://bitcoinmagazine.com/business/report-morgan-stanley-ubs-bitcoin-etfs-all-clients
The Wolf Of Few Streets
Since the recent activity in the crypto market is closely related to concerns about interest rates and the dollar, the main movement is expected on Friday after the NFP data is released. Until that point, regardless of whether the price is driven up or down…
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Oyster Labs has announced a partnership with the TON X Hashkey Accelerator, launching Oysterworld—a Web3-native smartphone designed for the Telegram ecosystem. This move, integrating 600+ DApps tailored for 900M Telegram users. It's huge for TON, there has been a lot of good fundamental news for the coin lately. A competitor emerges for the Saga (Solana) mobile phone. 😱
https://x.com/TonUP_io/status/1776974222809841857
https://x.com/TonUP_io/status/1776974222809841857
On one hand, Bitcoin has responded positively to minor geopolitical squabbles as it often serves as a refuge from traditional financial systems, among other things. However, at the slightest threat of extreme conflicts, there is always a negative trend, and it falls short compared to gold. Honestly, I haven't always understood the reason for this, as its decentralized and globally distributed system should theoretically be resilient even to electromagnetic pulses in the event of nuclear conflicts (I could be mistaken, correct me if that's not the case), but nevertheless, gold always rises in these moments while Bitcoin falls.
For those who are not aware, Iran has promised to strike Israel in response to an attack on its consulate, and in turn, Israel has vowed to strike Iranian nuclear sites if Iran attacks.
So, in the event of major squabbles, gold wins…
For those who are not aware, Iran has promised to strike Israel in response to an attack on its consulate, and in turn, Israel has vowed to strike Iranian nuclear sites if Iran attacks.
So, in the event of major squabbles, gold wins…
Nothing major has even started yet, just on the news of launching 50 drones from Iran, Bitcoin has dropped by 5%. What will happen to it if things really heat up... Not much of a safe haven, is it? 😏
Breaking: Initial Reports by U.S. and Israeli Officials of Dozens of Iranian Drones being Airborne heading towards Israel.
Iranian attack drones are expected to begin arriving in Israel between 6:30 and 7:30 tomorrow morning.
Breaking: Initial Reports by U.S. and Israeli Officials of Dozens of Iranian Drones being Airborne heading towards Israel.
Iranian attack drones are expected to begin arriving in Israel between 6:30 and 7:30 tomorrow morning.
Stock markets in the Middle East operate on Sundays, and it's notable that the morning started with growth (as did the crypto market), but now there's a decline. The markets are gradually pricing in the continuation of escalation amid expectations of Israel's response, so maybe hold off on celebrating those dips just yet...
ISRAEL'S MOSSAD REITERATES; ISRAEL WILL RESPOND
*TA35 chart. Tel-Aviv Stock Exchange, 1H.
ISRAEL'S MOSSAD REITERATES; ISRAEL WILL RESPOND
*TA35 chart. Tel-Aviv Stock Exchange, 1H.
The Wolf Of Few Streets
ISRAEL SAID TO STRIKE BACK ON IRAN IN NEXT 24/48 HOURS
These rumors were not confirmed but caused a sharp reaction in the market, after which we recovered a bit. No such information was mentioned at the press conference following the military cabinet meeting, so the market will be sensitive to such things for some time. Another signal not to relax, if you consider this as a simulation, dropping a couple of percent just on rumors is no joke... for those who underestimate the event's impact on the market.
The Wolf Of Few Streets
Meanwhile, on the futures, more people are betting on shorts. If the price returns to the 76000 level, the amount of liquidations could exceed 8 billion... Given that the situation has calmed down a bit for now, the market could quickly collect this liquidity...
Hong-Kong approved ETF on BTC and ETH. Fuel to collect this liquidity…
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