In the pursuit of the cheapest electricity, mining investors tend to deploy capital in locations where electricity is producedThe week in CryptoThe market\u2019s second significant market correction in 2021 is underway, with prices selling off 26% from the current all-time high of ~$58,300 and at the time of writing recovering from the correction low of ~$43,000. As a sign of just how hot the crypto markets are getting, the initial phase of this correction represented the largest single liquidation event the market has experienced, with ~$6 billion of value wiped out of leveraged traders accounts over the course of 2 trading sessions. With many momentum indicators, funding rates, and on-chain metrics somewhat resetting and cooling off as a result of this latest (expected) parabolic correction, the cyclical market event of digital assets, led by Bitcoin, moving from weak hands to stronger hands appears to have completed with prices at the start of this week moving back towards $50k and a USD trillion market capitalization. History rarely repeats, but it often rhymes, and if 2017\u2019s bull market is anything to go by, then we are in line to expect another leg up in the coming weeks with subsequent ~30% drawdowns as we head towards $100k and beyond.The above chart, courtesy of @bloqport, shows the 6 parabolic corrections of the 2017 bull market, with pullbacks ranging from -29% to -38%, all followed by a minimum of a 100% price increase once the correction has been completed and after the transfer of assets from weak to stronger hands has concluded.As the bond market sells off this week and pushes longer-dated Treasury yields to levels not seen in over a year, volatility across all markets has seen an uptick. We note that in an interview yesterday on Bloomberg, JPM CEO Jamie Diamond reiterated his\u2026<\/p>","protected":false},"excerpt":{"rendered":"
In the pursuit of the cheapest electricity, mining investors tend to deploy capital in locations where electricity is producedThe week in CryptoThe market\u2019s second significant market [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3805"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3805"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}