Rzgar_

Rzgar_

Keep an eye on the Sahm Rule Recession Indicator and unemployment rates. If it hits 4.3%, prepare for a potential recession. fred.stlouisfed.org The Sahm Rule Recession Indicator is at 0.43, just shy of the 0.5 mark that signals a recession. The latest unemployment rate is 4.1% (6/1/2024), but if it hits 4.3%, the recession signal will trigger. Real-World Signs...

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Key takeaway: Judging by the current events and data, the BTC bull market remains intact. The recent volatility is primarily due to a supply shock and does not reflect a fundamental change in market sentiment. The strong buy volumes, lack of panic selling, and coordinated efforts to stabilize the price all point to continued confidence in Bitcoin's long-term...

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Relationship between BTC price and the amount of BTC held by wallets with balances between 10,000 and 100,000 BTC. There are several periods where the amount of BTC held by these wallets increases significantly like past few weeks. Notably, an increase in wallet holdings often correlates with an upward trend in BTC price. For example, the spike in holdings around...