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Cryptocurrency & Financial Markets News
& Stats 24th Sept 2021
RISKS ARE EXTREME
I HAVE NO CRYPTOS OR RISK ASSETS NOW
AND I AM IN REAL CASH $AUD AND NOT
STABLE COINS OK


Today, I talk about the following:
1. CHINA MADE ALL CRYPTOCURRENCIES ILLEGAL INCLUDING MINING - IF PEOPLE GO AGAINST THIS THERE WILL BE HARSH PENALTIES
2. WHEN CHINA CAME OUT WITH CRYPTO LEGISLATION IN SEPT 2017 BITCOIN WHEN DOWN 30% AND THE ALTS WENT DOWN MORE

3. China property developer DID NOT PAY $83.50m in coupons - THEY HAVE 3ODAYS TO PAY HOWEVER I BELIEVE THEY WILL DEFAULT FOR SURE

China injected $80bn into the market to stabilize the financial markets

Evergrande are selling their properties at huge discounts to get cash

4. FOMC MEETING TAPER SOON

5. YIELDS CURVE GOING MUCH HIGHER in yield - MASSIVE INCREASE OVER NIGHT IN INTEREST RATES
6. US debt limit needs to be increased too - FED will have to go to the Senate - this always causes risks in markets

7. Derivative positions on Equities, BTC, ETH, XRP & others

8. ETH & BTC futures curve is in backwardation due to large call option positions maturing in Dec 2021

9. Fiat markets, Economics, the FED, Stagflation,10 yr USD bond yield rate, & Social media

10. MASSIVE CALL OPTIONS IN ETH AND BTC EXPIRY ON FRIDAY BILLIONS ALL CALL OPTIONS - LOSSES TO BE HAD HERE

11.THOR, TEZOS,ROBINHOOD, COINBASE,fidelity, stone investments, BTT, PAXOS, BANK OF AMERICA, DCG, WAR, ISRAEL, SEC,FED KAPLAN,FED ,FUNFAIR, BOSIC,TAPER, POLYGON,MATIC, SHINU, ALPHA, BTC EFT, SAXO BANK, COINBASE,Bank of Oman Bank of America,Paxful,OKcoin, Musk,ENJ,JP Morgan,Polygon, Binance,HBAR, Singapore,Bridge,Kusama,Bullish break out , bullish triangle, bearish,down 4 hour, 200 day moving average,Tezos , ADA, Civic, Wells Fargo, ENH,DOT,CHZ,Jpm morgan,FED, US debt limit, debt ceiling & FOMC

12. Technicals for Cryptos look very negative here

13. Sell Funding rates are extreme, Trading models, Volatilities, Liquidity on Exchanges, Stats and other

14. Emerging markets still look vulnerable - short term rates higher

15. Keep an eye on interest rate yields -10 year bond rates - curves are steepening yields rising

16. Tether alleged to have invested in Evergrande Commercial paper

17. BlackRock bought $20 billion of the Evergrande bond maturity 2025 - they have lost nearly $10bn on this and more