Crypto Macro Weekly 09-11-2024

Global Liquidity

Below we see Global Liquidity (red) and BTC (blue). Global liquidity has been rising since July 24, 2024. We also see Bitcoin's moving down to the 50 day moving average. 

US Currency in Circulation

Currency in circulation includes paper currency and coin held both by the public and in the vaults of depository institutions. The total includes Treasury estimates of coins outstanding and Treasury paper currency outstanding. 

Best Performing Crypto Sectors (7 Days)

Below we see the best performing sectors by marketcap in crypto over the last 7 days. Everything is up by market cap, with the AI and Oracle sectors leading. 

Active Addresses By Sector

Pricing dropping. Users rising: Solana is on top with the most daily active addresses. Meanwhile, Near beating Tron for the #2 spot.

Take Aways

September has been a bad month for digital assets in recent years. However, global liquidity is rising, the US money supply is increasing. More users are using blockchain and cryptocurrency on a daily basis. 

Experts take:

• Raoul Pal: "Moar Cowbell incoming." = Increasing Global Liquidity & More Currency Debasement

• Michael Howell: "Global Liquidity is on the rise. The liquidity view argues that asset prices are determined by the capacity of financial sector balance sheets, Central Bank injections of cash and by the price of government bonds, rather than by corporate profits and policy interest rates."

• Lyn Alden: "You think this train has brakes?." = The growing budget deficit appears to be unstoppable. We keep borrowing and there is no other choice but to print our way out of debt. Historically good for Gold. Anthony Pompliano recently pointed out that Bitcoin is gold with wings.

• Joseph Wang: "Septembers have been bad months is recent years. Gold is rising due to global rate cuts and geo-political tensions"

As of today I am holding strong. 

On-chain data source: https://www.artemis.xyz/

Happy Investing!