In today’s briefing:
- Crypto Crisp: Seller. Coinbase Seller
- Sweet Sweet Liquidity
Crypto Crisp: Seller. Coinbase Seller
- The crypto market showed some encouraging signs over the weekend, despite Coinbase showing a significant discount on its Bitcoin and Ethereum prices.
- This suggests that Coinbase users are net sellers, possibly due to concerns about the 69,330 bitcoins seized by the U.S. government in connection with the Silk Road case.
- However, we believe it is very unlikely that the government will liquidate these bitcoins anytime soon.
Sweet Sweet Liquidity
- September showed positive returns, bucking the seasonal negative returns we have seen in previous years.
- BTCUSD (6.79%), ETHUSD (2.99%), SOLUSD (10.51%) and OTHERS index (15.86%) were green across the board.
- The odds of an explosive expansionary phase significantly increased in September.
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