19 June, 2024

A positive opening day, something we haven't seen for a long time. The reason is simple, today is a holiday in the US and it was possible to play every card without the US market, but then with a high probability to bring it all back on Thursday.

The BTC ETF saw another outflow of $150 million.

Yesterday the German government sold $150m of BTC late last night, there is a view that this was the reason for the final spike before the outflow, I have little faith that this was the reason for the final spike as the market was more likely reacting to the CME closing before the weekend. But the $150m sale definitely put pressure on the market.

The US housing market continued to fall. In general, speeches from Fed members and nothing else until the end of the week.

The LayerZero distribution will take place on 20 June.

Arthur Hayes stated that he is increasing his positions in PENDLE and DOGE.

Unfortunately, there is a high probability that the market will be much lower tomorrow. Although it looks like a trend breaker at the moment, I will be adding new longs shortly after the US market opens.

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