1. Ukrainian President Zelensky said on October 1 that#Ukrainiancompanies can currently produce 4 million drones per year, and Ukraine has contracted for the domestic production of 1.5 million drones
Interestingly, Russian President Vladimir Putin recently announced that Russia plans to increase drone production tenfold to 1.4 million by 2024, which is less than the 2 million drones Ukraine plans to produce by 2024. Earlier, there were reports that Russia was secretly manufacturing drones in a certain country.
2. After yesterday's report that the second-in-command cashed out his shares, Apple CEO Cook also sold more than 220,000 shares of#AAPLthis week, worth about $50 million. Is he going to run away with all the money?
3. The world's third largest economy #德国 The unemployment rate is rising. In September, the unemployment rate increased by 17,000 people. The current unemployment rate is 6%, which is the highest level in more than three years. The economic recession is still continuing.
4. The Fed's overnight reverse repurchase program is declining rapidly, from $2.5 trillion to less than $400 billion in just 21 months. Once liquidity is exhausted, it may start to become tight.
5. By triggering a massive rise in the Qing stock market, the Qing Dynasty was intentionally siphoning dollars because it knew the United States was about to trigger another Asian financial crisis, which would cause funds to flow out of India and then flow back to the Qing Dynasty.
6. After rising for 13 consecutive trading days, the Qing stock market fell 1.6% on Thursday. The Hang Seng China Enterprises Index fell 4.9% at one point and finally closed at -1.6%. As the Qing stock market has reached the most serious overbought level in four years, it seems that some people are cashing out. Therefore, those friends who are eager to invest can wait a little longer (Figure 1)
7. According to the latest Federal Reserve annual survey, 17% of American consumers have unpaid bills at some point in 2023. As many as 36% of low-income households with annual incomes below $25,000 have not paid all their bills, and nearly 27% of renters cannot pay their bills in full. It should be noted that 11% of them have not paid their water, gas or electricity bills, so we need to think about how the US economy can achieve a soft landing?
8. JPMorgan Chase said that in September #BTC☀️ daily block reward gross profit (a key profit indicator for Bitcoin miners) fell 6% month-on-month, reaching the lowest point on record
9. Option traders believe that#Bitcoin$BTC will see a strong rise in October, and the chips that expire at the end of October are betting on potential rises (Figure 2)
10. Talk about three key issues about Bitcoin investment
a. Is the industry saturated?
Using Google Trends, we can see that#BTCsearch interest is currently at bear market levels. Historically, interest tends to surge during bull cycles, and we need to buy when no one is interested.
b. What is the growth potential?
Total market capitalization follows a power law regression, a mathematical relationship that often appears in systems that exhibit long-term sustainable growth.
Bitcoin itself follows a similar power law, with an index of 5.7, while cryptocurrencies in general are 6.81 (using Coingecko data) or 6.79 (using CoinmarketCap data)
Due to space constraints, I will explain in detail later. When the total market value of cryptocurrency deviates from its power law line by more than +70%, you should start preparing an exit strategy. At least it is safe for now.
c. Is now a good time to enter?
From historical data, during bear markets and periods of low investor interest, the total cryptocurrency market value-2SD line finds support. When the market touches this line, it is usually a good time to enter the market.
As of now, the market has rebounded from the -2SD line, indicating that we are in a strong position relative to historical market cycles. The current price is well below the predicted cycle peak +2SD target. Now seems to be an excellent time to enter the market.
11. Latest news: Franklin Templeton submits application to the US Securities and Exchange Commission#SECfor Bitcoin and $ETH Ethereum Index #ETF✅