Thoughts on the Current State of the Crypto Market

Описание: In this video, I explain why I think the October crash, reduced consumer spending, and reduced retail deposits on exchanges point to a muted performance of the crypto market in November and December.
#cryptocurrency #btc #ethereum #cryptoinvestment

=========================================================================

Time Stamps
0:00 Why I am Downgrading my Crypto Forecast
0:48 What Happened in October
2:11 What's Next
2:58 Consumer Spending and Retail Deposits on Exchanges have Reduced
5:33 My Conclusion : Muted Crypto Performance in November and December
6:22 Outro
=========================================================================

Consumer Saving and Consumption Data
US
https://www.pwc.com/gx/en/news-room/p...
https://www.mckinsey.com/industries/c...

Euro Area
https://ec.europa.eu/eurostat/web/pro...
https://ec.europa.eu/eurostat/web/pro...

China
https://www.oecd.org/en/publications/...
https://www.mckinsey.com/cn/our-insig...
=========================================================================

Crypto Exchange Net flows
Exchange net flows have turned negative. This means more crypto is leaving exchanges than entering. That suggests holders are sitting tight, and there’s no sign of fresh retail deposits coming in.
https://cryptoquant.com/asset/btc/cha...
=========================================================================