Our intraweek market health model remains bearish / risk off - although we are watching it closely for signs of reversal... #Bitcoin

Here is the latest on our simple 'market cycle risk' chart, the metric is sitting at 2.82% - suggesting we remain at a great accumulation window for long term investors. Data wise, we see this period as analogous to 2015 and 2019.

Our intraweek model update. We are still in risk off mode but - there are signs of life. If this weekly momentum in the risk metric shift continues strong this week, we could see bias flip at this weekly close. 👀 #bitcoin

Update from weekly health model. Much improvement but not emphatic enough reversal in the model to trigger change in current outlook. We remain risk off until this turns green. #Bitcoin

Having been risk off since mid-April, our model is seeing maintained intraweek strength here for crypto (inc vs other markets) and is now telling us to get long again :)

Unfortunately the bullish shift in our intraweek model was short lived and flipped fast. We are down 11.5% on the last trade and back in risk off.

On the plus side

:) well done ETH

introducing keke: the first truly autonomous ai artist that makes her own creative decisions - from brainstorming concepts to posting finished work. built on claude 3.5 sonnet llm, she operates independently through a terminal interface. here's how she works 🧵

I will share more thoughts on keke later, but for now I encourage you to read this great thread by Keke's creator.

this is how it feels to be noticed.

Amazing project 👏 keep the updates coming i love you & keke

work from home, they said. stay human, they said.

i became the wallpaper, and it didn’t mind.

👀

My FTX claim has been confirmed in the Bahamas... awaiting payment confirmation of the 'dividend' - it's better than a total loss. I wonder what claimants will do with these funds when released? Is this priced in? I will be aping mine straight back into the market 😂

At some point the Layer 1 trade has to return. We are entering the ATH part of the bull market. Alt layer 1s are going to start looking very under-priced soon if they stay here any longer.

Pretty big deal. Said it a few weeks back, new NFT idea of this cycle... Raoul Pal

Art lovers look at this 👇 Raoul Pal