💸 On Feb 04, Bitcoin’s Entity-Adjusted Realized Loss (7D-SMA) hit $889M per day. This marks the highest daily loss realization since November 2022.$BTC $ETH
⚠️Leveraged ETFs are triggering MASSIVE selling pressure across US stocks:
Leveraged ETFs were forced to sell $18 billion in US equities on Tuesday to rebalance their portfolios, one of the top 10 largest forced selling days EVER.
The bulk of the selling was concentrated in Tech with significant pressure in NVIDIA, $NVDA, Tesla, $TSLA, $AMD, Micron, $MU, Palantir, $PLTR, and MicroStrategy, $MSTR.
An additional $10 billion in selling is estimated over the week if volatility remains elevated.
$ZEC Zcash -13%, support are so weak right now, and the point of attraction is clear, the area 165 is the 1 year moving average on daily chart and 163 is the first target of the right top of the double top formation. But on higher timeframes we have as obstacle average in the range 180-170 first.
$SOL for Solana I remember that the longest projection target area I have is 85.5, there is not way to extend this in this no-bounce wave.
If I see Solana at 85.5 or below and Bitcoin at 66335 or below at the same moment, I will decide if to risk and increase the long up to 75-80% at least, leaving very few cash in a 55K scenario (for Solana would be below 75/70 area).
US based-employers announced 108,435 job cuts in January, the highest January total since 2009, the Great Financial Crisis.
This was up +205% from December and +118% YoY.
The surge was led by transportation, with UPS planning up to 30,000 job cuts, and by tech, where Amazon is preparing 16,000 layoffs.
Meanwhile, employers announced just 5,306 hiring plans in January, the LOWEST total for the month since Challenger began tracking hiring plans in 2009.
The US job market is in a dismal place.$BTC $XAU $XAG