You might speculate that the bottom is in but, because of margin trading if you see realized vol you would see a different picture, thats why everyday crypto has been going up 5%
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asce808
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Baissier$ETH
So BLS data for September ahead of shutdown arrived, unemployment rates rose 0.1%, HOWEVER there were 111k job creations which is really good, unfortunately since October Job Reports are being hidden from the public, markets are specilating a recession on top of the Japanese Yen curve skyrocketing on bonds (Which is free money and what institutions want, something risk free yet returns 8% is insane if you have a lot of money)
That being said, even with GOOD NEWS, the crypto market BARELY reacted, do you know what that means? we're in a BEAR MARKET and until the coin drops naturally, without leverages an organic volatility spike. We will continue to be and then we'll become bulls again after that.
Remember when we were in a bull market? and then there was the Iran war, America declared missiles testing yet the crypto market still went up? Because we were in the middle of a BULL MARKET, the momentum and added organic volatility and spots $couldn't stop.
I've just been adding to my short positions since the major catalyst is still in Early December (BLS report for November and FOMC).
So BLS data for September ahead of shutdown arrived, unemployment rates rose 0.1%, HOWEVER there were 111k job creations which is really good, unfortunately since October Job Reports are being hidden from the public, markets are specilating a recession on top of the Japanese Yen curve skyrocketing on bonds (Which is free money and what institutions want, something risk free yet returns 8% is insane if you have a lot of money)
That being said, even with GOOD NEWS, the crypto market BARELY reacted, do you know what that means? we're in a BEAR MARKET and until the coin drops naturally, without leverages an organic volatility spike. We will continue to be and then we'll become bulls again after that.
Remember when we were in a bull market? and then there was the Iran war, America declared missiles testing yet the crypto market still went up? Because we were in the middle of a BULL MARKET, the momentum and added organic volatility and spots $couldn't stop.
I've just been adding to my short positions since the major catalyst is still in Early December (BLS report for November and FOMC).
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