Miners stop selling, liquidity looks for the turn, and JPMorgan joins the gang
We move off the bottom rung. Our model reads “Neutral-Low”, rising from “Risk-Off”.
Summary
- Market: Model moves up to Neutral-Low; bitcoin dominance is no guide to what comes next
- On-Chain: Bitcoin hashrate recovers and miners aren’t selling
- CryptoVerse: JPMorgan brings JPM Coin to Ethereum, Chainlink v Pyth: who holds the keys?, Aero merge and superior tokenomics
- Macro: Scary indicators take a rest, has the liquidity cycle bottomed? Why Europe’s unrest feeds the bitcoin story
