ZoeyLoo

Policymakers are running the economy so unbelievably hot right now that I am starting to think it has approached or surpassed recklessness. The Treasury has completely taken over control of the money supply and financial conditions with their ongoing ATI/YCC actions and most recently manipulation of the dollar lower which dramatically loosens financial conditions. While most of these actions are occurring out of the normal spotlight because the Fed is trapped with an inflation problem and cannot reasonably cut rates, they are not innocent. They are effectively running QE with stock markets at all-time highs with their RMPs that Powell did not discuss at all in yesterday's FOMC, despite their own guidance that the purchases would subside in April after tax day. This QE, labeled as 'reserves management' allows the Treasury to continue irresponsible issuance policies. I characterize these actions as potentially reckless because they put substantial upward pressure on both inflation and economic growth at a time when nominal GDP is already consistently printing >5%. These actions are typically seen coming out of crises, not pre-emptively. With global bond markets already twitchy and the most fragile and overleveraged they've ever been, these policies are like throwing gasoline on a fire. Lost in the shuffle of today's Yen intervention is the fact that this is yet another loosening of financial conditions in the US and more inflationary tinder. Global sovereign bonds get uglier by the day. Notice Japan's yields calling bluff today.

Saturn surpassed $100M in TVL within 20 days. Digital credit, now powered by DeFi.

Markets feel very weird at this stage. Been out of the markets now for almost 3 weeks in equities + crypto (outside of some Call Options for BTC, ETH, SOL, that now looks pretty dead). Basically only hold some index funds, and other ETF long-term holdings, with zero single name equities. Gold, Silver, Uranium, Rare Earth were the core positions, and TP:d since Oct 16. There've been some pretty huge warning signs on indices, imo, with slowdown in momentum. Not too sure how this will impact crypto, but not ready to bet that we front run the indices move, and avoid further drawdown. Haven’t talked much about tradfi on X, other than popping into some discussions here and there, mainly because this is a Crypto account. If there’s interest, I may start tweeting more tradfi thoughts. For crypto: I’m waiting for clear bullish momentum strength to jump on, aka right now that would most likely be close to >110k. Otherwise look to bid max pain levels lower (low 90ks/high 80ks), and play into bounces. No reason to play for swings until momentum changes. For now, sellers clearly have all the power in the books. You see stacked 1k btc walls above price on any 2k bounce, while there’s massive Spot sell pressure. That is not something you wanna bet the farm on. Just some more thoughts added to all my previous tweets this past month about current price action in crypto. Onwards, friends.

At current prices, megaeth circulating supply is valued at roughly $180M: lower than Plasma, Fartcoin, and WIF

[ ZOOMER ] STRATEGY BUYS $2.54B OF BTC AT AVERAGE PRICE OF $74,395 OVER PAST WEEK: FILING