🎲 The current correction has reached 32% — a level that could either be a local bottom, as in 2021, or a harbinger of a new bearish cycle, as in 2022, — CryptoQuant. 👻 Financier Michael Burry, known for predicting the 2008 mortgage crisis, warned that the American stock market may face a decline more severe than the dot-com crash, mainly due to overheating in the AI company sector.
He believes that their value is growing faster than fundamental indicators, and the overvaluation is based on expectations rather than real profits.
An additional risk Burry points out is the dominance of passive investments, which could amplify the crash during a period of market stress. $KITE $RIVER
📊 The purchase-to-sale ratio of BTC across all exchanges increased to 1.17 yesterday, reaching the highest level since January 2023, which indicates a clear advantage for buyers.
Historically, this means that the current bull cycle is unlikely to be close to completion, although risks remain as before. $F $SUPER
🤖 Tether launched its own framework for training AI models, which allows training large LLMs directly on phones and laptops in a fully decentralized environment.
The project's goal is to create a democratic infrastructure for training and serving AI agents, which are trained for specific users and are not dependent on the power of tech giants or cloud storage.
The decentralized AI market is rapidly becoming one of the most exciting growth areas. $JUP $SUI
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❄️ The cryptocurrency market capitalization dropped by 5% overnight — Bitcoin fell to $85,000, Ethereum tested $2,800. Positions of traders were liquidated for $650,000,000 in a day.
With the first day of winter, cryptos! 🎅 $SOL $BTC