Bitcoin fell from $79K to $76K over the past week. The futures index has recovered slightly, but the price continues to fall. What’s behind this divergence and what to watch next - in Morning Brief #292👇 https://t.co/f5dBypVT95 https://t.co/4WVqotl46D

The Fed held rates steady, with two members voting for a hike. Bitcoin reacted calmly. How justified is that calm? I break down rates, Alphabet’s and Microsoft’s earnings, and Anthropic’s IPO. At the end fresh Weekly Engine data and what it tells us about the BTC market. https://t.co/AldMBGsdDC

Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a 25 bp hike as the Fed held rates steady. The statement upgraded economic growth from a “solid” to a “strong” pace. Inflation still “remains elevated.”

What’s happening with Bitcoin’s long-term holders? https://t.co/9UiPFyiLTF

The monthly LTH distribution volume fell 22% over the week. The price remains above long-term holders’ cost basis, but their profit cushion is shrinking. We examine the shrinking profit cushion and the reasons behind the decline in the distribution metric in Morning Brief #289. https://t.co/suFdh9MJUt

The Fear & Greed Index fell to 51 over the past week. The market has stayed in neutral territory for the sixth consecutive day, despite spending almost all of the past two months in greed territory. How durable is this cooling, and at what index value will the market move into fear territory - in today's Morning Brief. 👇 https://t.co/ze5DL5Z3sa

Bitcoin dipped toward $79K last week. Nasdaq fell 2.6% on Oct 22, oil is climbing, Middle East tensions are rising. And per the FT, OpenAI cut its valuation for the new round from $1.4T to $1.25T. Risk-off mode. What does it mean for Bitcoin and what do the metrics show? https://t.co/ri6jbJluad

Bitcoin is 6% above the average purchase price of new players. Over the past week, this group's profit cushion narrowed from 8.7% to 5.9%, but their cost basis continues to rise. Where is the level below which new buyers would be at a loss, and what does the Young/Old Ratio moving average crossover say - in today's Morning Brief. https://t.co/IBp6HePIBJ

Bitcoin compression continues. The 30D High and Low range has narrowed from 13% to 6%. Price has been in the compression zone for the 9th consecutive day, between $80K and $86K. Yesterday price bounced off the SMA 365 and closed at $80.5K. This is a new 30D low. Volatility compression usually ends with an impulse. Key levels: $86K above, SMA 365 below.

On July 1, MVRV Percentile reached 0% at a price of $59.3K. This was followed by a recovery to 32% (September 27); the indicator held around 30-32% for about two weeks, but failed to consolidate and pulled back to 25%. The market remains in the early-to-mid accumulation phase. https://t.co/ndu7HReZeY