Blockware Intelligence Newsletter Summary (for week 7/4 - 7/8):
The equity indexes have seen a strong bounce this week, much of which has stemmed from short-covering as we can see with QQQ’s Aggregate Short-Interest.
While it’s certainly possible that this is the market’s bottom, there are a few areas close overhead that could turn into resistance in the coming sessions.
Fixed-income securities began to sell off again this week and the 2/10Y yield spread flipped negative for the second time in 2022.
The Atlanta Fed has continued to lower their Q2 GDP estimate and it now sits at -1.9%. As discussed last week, unemployment data does not back the thesis that the US is currently in a recession.
Bitcoin is 31 days into a miner capitulation according to the hash ribbon metric. The end of a miner capitulation historically marks a bear market bottom.
Updated: Miner Network Breakeven Distribution Table and Chart
Mining difficulty is trending down, but not at the same pace as the China mining ban which was unprecedented.
The equity indexes have seen a strong bounce this week, much of which has stemmed from short-covering as we can see with QQQ’s Aggregate Short-Interest.
While it’s certainly possible that this is the market’s bottom, there are a few areas close overhead that could turn into resistance in the coming sessions.
Fixed-income securities began to sell off again this week and the 2/10Y yield spread flipped negative for the second time in 2022.
The Atlanta Fed has continued to lower their Q2 GDP estimate and it now sits at -1.9%. As discussed last week, unemployment data does not back the thesis that the US is currently in a recession.
Bitcoin is 31 days into a miner capitulation according to the hash ribbon metric. The end of a miner capitulation historically marks a bear market bottom.
Updated: Miner Network Breakeven Distribution Table and Chart
Mining difficulty is trending down, but not at the same pace as the China mining ban which was unprecedented.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。