ilqdty daily2 min readRead the latest
the us bombed iran's qeshm island overnight and brent oil jumped back to $106, on the morning americans vote
bitcoin got through the night above the average price strategy paid for its coins.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 77,064 | +0.3% | -4.7% |
| $ETH | 2265.4 | +0.6% | -3.6% |
| $SOL | 92.4 | +0.5% | -8.8% |
| BTC.D | 59.9% | ||
| F&G | 26 fear |
01Crypto3 stories
- strategy bought 811 bitcoin and spent $208M buying back its own preferred sharesStrategy SEC filing
- binance has spent half its emergency bitcoin fund and has about 7,500 BTC left@CoinDesk
- near holders voted to cut new token supply to 1.6% a year from 2.5% (The Block). the coin fell 18.0% on the week, the biggest drop on my board
02Macro2 stories
- australia's central bank raised rates to 4.85%, its fifth hike this yearReserve Bank of Australia
- bettors give 72.5% odds the fed hikes again in december, up from 70.5% on monday@Polymarket
03Trends2 stories
- on bsc, the launchpad flap took $4.50M in fees over 7 days and passed axiom, a trading app on solana and bsc, at $4.18MDefiLlama fees
- on solana, $Anakin ran from $5K to a $4M cap on pumpfun @PumpfunEco, then fell to $1.1M (-61%). $MAMESUKE (+61697%) took the spotlight at $1.7M
04Today2 stories
- 10am et: us job openings, the first hiring read before friday's jobs report
- polls close in key senate states 7:30 to 9pm et. polymarket has democrats at 76.5% for the senate and 94.5% for the house, so an upset is the real surprise
05My view
im still bullish. bitcoin held between $76,805 and $78,326 for six days, through the binance hack and now new strikes on iran. a market that takes that much bad news and keeps its range has buyers.
the risk is oil. on monday polymarket gave 76.5% odds the pause in us strikes would hold through november 8, and the strikes came anyway. brent has to clear $117.64 before traders price a bigger war.
stablecoin supply slipped to $295.9B from $297.7B on monday, so money already inside is holding this range. the new buyer is still to come. a daily close under $75,446, what strategy paid on average, is the line that would worry me.
election night, jobs friday. lock in.