It will be inevitable for BTC(Bitcoin) to go $100k. It seems BTC surge is imminent. BTC bears have always lost with respect to the long-term view.
When it comes to the 🇺🇸 macroeconomy, the CPI arrived around 2%, and it looks stablized. Even though the Unemployment Rate is about 4%, the Fed has still some weapons to control it such as interest rate cuts, buying individual corporate bonds, etc.
I think if the labor market is stablized this fourth quarter, it will be good for the crypto market. The Initial Jobless Claims will be released today. I hope it's less than the forecast 🙏
Let's check entities' postions. Ordinary people are not interested in the crypto market. Some retail investors are shorting the crypto market. Some crypto enthusiasts are hodling their crypto portfolio.
Wall Street is holding more than 940k BTC 😲
The United States, China and the UK hold more than 460k BTC 😲
Do you recognize the difference between them? I don't wanna bet the opposite position against Wall Street and G3 😎
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