Can you spare a quarter?
3 min read

Can you spare a quarter?

Cryptic ball: Q3 is near.

As anticipated in the last post, the weekend was fairly smooth. Only this Monday, as the US market opened, did the situation change. And it's changing quite fast, with bitcoin finding new lows unseen since Thursday. Reasons to worry?

  • As usual, the move came after the S&P 500 opened in the red, even if weekend futures were anticipating a positive week ahead. This makes me think we're just experiencing some beginning of the week volatility, but $20k needs to hold.
  • Especially because this Thursday is the end of the month! And volatility also tends to increase as derivative contracts expire and traders roll-over their futures positions, something that is heightned at the end of a quarter!
  • While mainstream financial media is spreading the news that the "end of the second quarter brings hopes that the stock market rally will continue", I must urge you to be careful, as the bear market in equities can resume anytime.
  • For crypto, I still believe Q3 will bring proper relief if the Republicans win the midterms - but that outcome isn't certain and things can become so depressed until then that this forecast may need to be updated over the summer.

For now, let's keep following the correlation between stocks and bitcoin and see how the next test of $20k (or $19.7k, to be more specific) fares. Bulls need to wake up if they want to avoid the misery of going through summer below that level!

Chart art: institutions are dumping.

Who said institutions didn't have weak hands?

Three things: mass adoption is near.

Tweet tip: developers are muddled.

Nathan was right. It's all about understanding the users.

Meme moment: more pain is here.

Remember to buy when others are selling and sell when others are buying.

FV Bank: back from Consensus.

Consensus brought together great minds from the crypto, blockchain and fintech world in one place! I can't wait for next year. See you there!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.