Moonbags Markets

For bitcoin, October tends to be the most bullish month

Seasonality shows Octobers in election years for Stocks is generally very bearish

The difficult question is now, will October be bullish?

The U.S. announced that the core PCE price index rose by 0.1% in August, which was expected to be 0.20% and the previous value was 0.20%. The data suggests that inflationary pressures have eased and may affect the Fed's future monetary policy decisions, such as the possibility of interest rate cuts. — link

Warnings were given over a month ago. Everyone had ample time to load the boat. Wonder how many listened?

Now lots of accounts that were sidelined say we get a scam dump that will recover. I see they are already at bargaining stage.

*ROBINHOOD, REVOLUT SAID TO EXPLORE LAUNCHING OWN STABLECOINS: BBG

🥳 #RWA #ETH Guggenheim, a $300 billion asset manager, is tokenizing $20 million worth of commercial paper on Ethereum. coindesk.com

Still on track imo

It's been 1051 days since the global crypto market cap peaked on November 15, 2021. The longest-ever crypto market cap drawdown lasted for 1,106 days from Dec 15, 2013, to Dec 25, while past cycles drawdown lasted for 1096 days from Jan 7, 2018, to Jan 7, 2021 — link

Other news updates: Powell speaks today, market slightly derisked yesterday likely for this reason China continues pumping and easing at ungodly levels SEC underfire and they continue acting like clowns ETH still being sold at heavy levels from top to bottom but prices remain steady, wouldn't be shocked if this starts mooning soon. Wallet data shows growth Solana animal coins going bananas

GM

The creditor who received the most ETH in the Genesis Trading liquidation compensation in August sold 12,100 ETH (about $31.43 million) in the last 3 days. On August 2, it received 114,502 ETH (about $358.19 million) in liquidation compensation from Genesis Trading, making it the creditor who received the most ETH, according to @EmberCN. — link

The U.S. announced the final annualized quarterly rate of real GDP in the Q2 of 3%, which was expected to be 3% and the previous value was 3.00%. The final annualized quarterly rate of the core PCE price index in the Q2 of the U.S. was 2.8%, which was expected to be 2.8% and the previous value was 2.80%. The number of initial jobless claims in the U.S. for the week ending September 21 was 218,000, the lowest since May 18.

🇨🇳 Chinese Banks have built a $100 Billion Short Position against the U.S. Dollar @Fin_Watch