The only part that was interesting in the latest ISM Manufac | André Dragosch, PhD

The only part that was interesting in the latest ISM Manufacturing report was this:
Imports sub-component plunged to the worst level since 2009 in May 2025.

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André Dragosch, PhD | Bitcoin & Macro

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Interesting chart: Maybe a key reason for the lacklustre demand for US Treasuries? FX-hedged US Treasury yields for major foreign investors from Europe or Japan are mostly below zero. Better to invest into domestic govt bonds.

71% of bitcoin supply is deemed "illiquid" by @glassnode That's it. That's the tweet.

Me looking at the huge pile of government debt but still relieved after remembering that I own bitcoin.

NOTE: Twenty One's recent BTC purchases put into perspective -- They casually swept off almost 10% of existing bitcoin exchange balances on @bitfinex with their most recent purchases. This is not a supply shock - it's a demand shock.

If you see a ₿ it means you don't have enough bitcoin.

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