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Crypto Web3 Today
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๐ฅ็ๆผฒ: ๐บ๐ธ Polymarket ้ ็ฎ็พๅๆฟๅบ้้ๅฐๆผ 11 ๆ 14 ๆฅ็ตๆใ
$SD
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Crypto Web3 Today
@Crypto_Web3_Today
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Own assets or be left behind: US consumer sentiment among non-stockholders is down to its lowest level since the University of Michigan began tracking it in 1998. This marks a ~10 point decline over the last several months. During the same time, sentiment among the biggest stockholders has improved ~10 points, to near the highest level this year. As a result, the gap between the largest stockholders and non-stockholders has widened to ~20 points, the highest since late 2024. This comes as concerns about the job market are at their highest since the 1980s, while the S&P 500 trades near all-time highs. The stock market boom is leaving Mainย Streetย behind. $SOL $DASH
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There is still hope for Altseason. Bitcoin dropped 13% in November, but other/BTC pairs jumped 8%. Remember the real blow of top altseason only lasts for 45-90 days, and if Bitcoin bounces from $94k, this could be the start of the money rotation. $ETH $ZEC
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$BTC Retested the .618 Fibonacci retracement level and frontran the Yearly Open slightly. This level is the last major support area before ~$86K. Bulls would want to defend this level and get back above $98K to make this look somewhat interesting. The current sell off from top to low has been -25%. This would be roughly in line with the other major sell offs this cycle, which mostly saw Bitcoin retrace by -20% to -30%. But it's clear that the trend is down as we speak. So while this might be an interesting spot for a bounce, I'd still recommend to be very aware of the trend and how the markets are moving. BTC has a lot to prove to get itself out of this tough period. $BTC
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๐บ๐ธ No Producer Price Index (PPI) from the BLS today ๐บ๐ธ Daily Truflation US Inflation: 2.54% ๐บ๐ธ Truflation Employment: 143.13 Million Employed The BLS was expected to release the October PPI today. However, even though the government shutdown ended two days ago, the data blackout continues. This marks the second consecutive PPI report that remains missing after the September report was not released in October. Because no data collection took place during October, thereโs now a gap in official economic data, meaning the BLS wonโt be able to publish the October reports this November. Meanwhile, Truflation continues to track real-time price trends and independent employment data. While inflation has stayed within a relatively contained long-term channel, short-term data show an uptick. At the same time, employment, which cooled down this year, experienced a small uptick in our data. The Federal Reserve has already signalled more caution in deciding future interest rate cuts, as it is missing key economic signals on the status of its dual mandate. Let them know they should use Truflation! $ALLO $COA $MYX
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Ignore the noise: We are back to the point where "the top is in" has become consensus. "Extreme Fear" sentiment readings have become a daily occurance. And, large cap technology stocks are down -10% to -20% after running 100%+. These are all hallmark signs of a technical correction in a broader uptrend. Zoom out and capitalize on periods of emotional weakness in price. The fundamentals remain strong for asset owners. $ZEC
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