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Thesis Summary
As inflation hits its highest since 1982, Bitcoin (BTC-USD) approaches the “death cross”, by which I mean the crossover of the 50 and 200 day moving averages. This has happened a few times already, most recently in July, and it was contrary to intuition a bullish signal. On top of that, we have some evidence from on-chain metrics that suggest Bitcoin could experience a short-squeeze but also point to the fact that retail is…
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