ilqdty daily2 min readRead the latest
the us added 165,000 jobs in october when economists expected 59,000
bitcoin took the news and still closed the week above what strategy paid for its coins.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 75,967 | +0.2% | -2.0% |
| $ETH | 2244.6 | +0.3% | -0.5% |
| $SOL | 89.9 | -0.2% | -5.7% |
| BTC.D | 59.9% | ||
| F&G | 25 extreme fear |
01Crypto4 stories
- strive bought 15,124 bitcoin in october and is now the fourth-largest public holderCointelegraph
- the us treasury dropped its plan to lower the crypto transfer reporting limit to $250The Block
- the us treasury cut the exchange mexc off from us banks over $16 billion in flowsThe Block
- the hackers who drained binance still hold $3.1 billion, and 44% of the loot was frozenDecrypt, citing Elliptic
02Macro3 stories
03Trends4 stories
- on solana, pumpfun took $1.39M in fees in a day, and the ten trending coins traded $33M combined
- on ton, fragment, an nft marketplace, passed uniswap V4 in weekly fees: $7.39M to $7.07MDefiLlama fees
- on bsc, the flap launch site made $530K in fees in a day while fourmeme made $4.6KDefiLlama fees
- on solana, the pumpfun coin $COGE (+126%) went from $2.6M to $17M in a day (CoinGecko) and was back at $7.9M this morning. $scamsem (+12324%) traded $3.8M at a $0.7M cap
04Week ahead4 dates
- mondaychina publishes its october inflation numbers
- tuesday 8:30am ETus consumer prices for october, the first inflation read after the hot jobs report
- thursdaythe treasury sells 30-year bonds, a check on who still wants long us debt
- friday 8:30am EToctober producer prices, the wholesale side of inflation
05My view
friday's jobs number came in hot, and bitcoin closed the week just above $75,446, the average price strategy paid for its coins. new strikes on iran landed the same week, and the buyers held that price.
im still bullish. the biggest traders on hyperliquid are 17 short to 2 long on bitcoin, and they have to buy back if the drop doesn't come.
the risk is a december hike. hot jobs made it more likely, and tuesday's inflation report can confirm it. the ten-year closed friday at 4.86%, still under its 5.31% october high.
stablecoin supply shrank again this week to $292.3B, so the new money hasn't come in yet. that's what a bigger rally still needs.
a daily close under strategy's price on a quiet weekend would mean selling unrelated to any news. bitcoin goes into two inflation reports holding that line.
saturday, sleep in. monday we lock tf in.