Good morning!
* During the previous night the Crypto market has experienced the largest Futures Liquidation in history.
More than 746,904 traders liquidated.
More than 2.320 MILLION dollars.
Massive liquidation in Altcoins.
Bitcoin dominance soars to 64%.
The cleanup has been historic, bringing the RSI of most Altcoins to Oversold and leaving very little liquidity accumulated at lower prices, currently almost all liquidation volume is accumulated above 98-100k BTC.
* ECONOMIC DATA for this week:
Monday:
-The manufacturing PMI figure rose from 49.4 to 51.2 while 50.1 was expected.
-The ISM PMI rose from 49.2 to 50.9 while 49.3 was expected.
-Both data are POSITIVE for the market, you have a post on my profile that shows the CORRELATION between the PMI and BTC.
Tuesdays:
-The ADP nonfarm employment change measures new jobs OUTSIDE the agricultural sector, a figure that reflects the STRENGTH of the labor market.
-Services PMI is expected to rise from 56.8 to 53.1
-ISM Non-Manufacturing PMI is expected to rise from 54.1 to 54.2.
-The IEA crude oil inventory, if it shows an increase in reserves, could push oil prices DOWN, you also have a post about the relationship of this with BTC.
Thursday:
-New jobless claims are expected to rise from 207K to 214K, a RISE in unemployment and a DECLINE in inflation could lead to a rate cut in March.
Friday:
-Employment report with average hourly earnings, nonfarm payrolls and unemployment rate.
-A MAJOR WEAKNESS in the labor market and a LOW inflation rate could lead to a RATE CUT in March.
* Trump's Crypto ZAR is going to HOLD a Press Conference on how the US is going to become a global leader in Bitcoin and Cryptocurrencies.
* President Trump signs an executive order to create a SOVEREIGN ESTATE FUND.
* Mexico's president says new US tariffs on Mexico will be suspended for a month.
* Canadian Prime Minister Trudeau says that after negotiations with Trump, tariffs are on hold for at least 30 days.
* U.S. Treasury Secretary Scott Bessent was recently appointed acting chairman of the Consumer Financial Protection Bureau by President Donald Trump.
* Coinbase has RECEIVED regulatory approval to launch cryptocurrency services in the UK.
* According to Blockworks, the Trump family project, World Liberty Financial, has been approaching the blockchain team for a “token swap” transaction to purchase at least $10 million worth of WLFI tokens.
* ZachXBT said Coinbase users have lost more than $65 million from December 2024 to January 2025.
* Goldman Sachs strategists said U.S. stocks could fall 5% in the coming months.
* Bybit CEO Ben Zhou said the total liquidations in the current cryptocurrency market are estimated to be between 8 and 10 billion.
* QCP: Stocks plunged across the board, gold plunged, oil soared and cryptocurrencies sold off violently.
* According to Spot on Chain, the Trump family's cryptocurrency project, World Liberty, has lost $51.7 million, or about 21%, of its $242.77 million cryptocurrency investment between Jan. 19 and Jan. 31.
* According to Conor's research, since the launch of TRUMP Memecoin, the Trump team may have made over $802 million, including transferring over $482 million worth of USDC, SOL, and TRUMP to exchanges.
