ilqdty daily2 min readRead the latest
capital b paid an average of $102,061 for its last 376 bitcoin and the price below is 23% lower
i chose that gap today because coins nobody can force to sell stay put on a red day.
| Markets | Level | 7d |
|---|---|---|
| $BTC | 78,070 | +0.8% |
| $ETH | 2,453 | +1.4% |
| $SOL | 102.40 | +2.4% |
| F&G | 69 greed |
01Crypto3 stories
- liquid, a bitcoin sidechain, lost 4,000 of its 4,200 coins to white hat hackers, about $320 millionbloomberg
- coinbase moves its perps to deribit tomorrow, and deribit already holds 96.6% of the open positions across coinbase's three venuescoindesk
- bitcoin settled 893,391 transactions on sunday, its fourth busiest day evergalaxy research
02Macro3 stories
- us diesel hit a record $5.90 a gallon after tanker traffic through hormuz collapsedal jazeera
- canada's retaliation starts today, tariffs up to 50% on $27.6 billion of american goodscnbc
- china exported 25% more in august than a year earlier, a record $119.1 billion surplusap
03Today3 stories
- treasury sells $58 billion of three year notes this afternoon, the first of three auctions this week
- the fed is in its quiet period before the september 15-16 meeting, so there are no speeches to read
- friday 8:30am new york, august consumer prices, the last inflation number before that meeting
04Trends3 stories
- fomo, the trading app on solana, out-earned pumpfun on the week, $11.44M against $8.04M in fees, and pumpfun is still ahead over 30 days, $46.5M against $24.3Mdefillama
- pons, the launchpad on robinhood's own chain, took $52.5M in fees over 7 days, up from $18.6M the 7 days beforedefillama
- kuru, an order book dex on monad, did $41M of volume on sunday and $450M on monday, sixth among all dexs in the last 24hdefillama
05My view
the reason that average price matters is where those coins live. they sit on a company balance sheet, not in a leveraged account, so nobody makes them sell on a red day. the supply everyone worries about is real, and it is also completely passive.
the leveraged crowd is not paying much to stay long either. on hyperliquid, bitcoin longs pay at or below the baseline, 0.01% every eight hours, on $2.6 billion of open positions. greed reads 69, and at that price the greed is not borrowed.
the same question sits in bonds this week. the treasury sells three year notes today, ten years tomorrow and thirty years on thursday, with the ten year at 4.77% and futures giving next week's hike roughly even odds. the thirty year bid on thursday is the cleanest read i will get on who is willing to hold a loss if the fed moves.
i still do not know who wants a thirty year bond the week before a possible hike. thursday tells me.