Merkle3s Weekly Snapshot📊 9/9 1️⃣ Macro Highlights 📈 ➡️ Nonfarm payrolls came in far below expectations, fueling worries of slowing employment and potential recession. ➡️ Market has fully priced in a 25bp cut, while a 50bp cut could signal recession risk but also open mid-term bottom-fishing opportunities. 2️⃣ On-Chain Market Analysis 🛡️ ➡️ $BTC price once again approaches the short-term holder cost basis, implying rebound potential. ➡️ Short-term holder activity continues to decline, futures shorts turning marginally, rebound likely. Watch 11.5k–11.7k resistance; if broken down, 10.4k–9.4k becomes high R/R entry zone. ➡️ $BTC held 5–7 years dropped $14.9B → $8.5B over past year, with coins mostly aging into longer-term holding, showing strong HODL conviction. 3️⃣ ETF Flows 📊 ➡️ $BTC ETFs saw +$246M inflows this week. ➡️ $ETH ETFs saw –$787M outflows. ➡️ Sentiment remains BTC-favored. 4️⃣ Hot Narratives 🔥 ➡️ Solana: Pokémon card marketplace #CollectorCrypt exploded, token...
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