Moonbags Markets

Market overview: Short term, market was overheated and too much rise was caused by perps longing. Spot had some bidding as well but there were times where the demand flattened out and begun selling off. Today we had a good combo of bother perp and spot selling but more of it from perps. Price went down into spot demand which was around 68.5k and now recovered to about 69.4k. Alts were almost buoyed by perps and spot demand has been weak. Eth came all the way back down to under 3600, Sol retested below 159. Looks pretty healthy to me. So in summary: Btc above 2021 high Sol above 159 key level Eth still in a range above 3550 All good for now

market wild rn, will recap after the bell

The leverage wipe we have been waiting for

Puking hard now

Interesting to see the coinbase premium has died

Spot is still plateau'd

Bid the higher iow

Perps beginning to puke

Currently plateau'd with perps bidding

Spot demand picked up overnight

kek

right

wrong

Please let this happen. I need it.

But if they don't I can see the market finally starting to tank and begin the tantrum cycle

I think that everyone else cutting rates puts the expectation for the US Fed to cut rates this coming meeting too

🇺🇸 US Non-Farm Employment Data has been announced. •Declared: 272K •Expectation: 182K •Previous: 175K @Fin_Watch