Newsletter
by Ben Lilly Bitconnect On-chain Carlos Matos of New York, USA lured other investors in with his glowing smile and magnanimous personality. But it wasn't just Carlos. It was single moms, folks who couldn’t afford retirement and middle-class laborers who would all preach of a better life.
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by Ben Lilly INVN... huh? Regulators are boring. I don't know about you, but whenever a new regulatory comment surfaces in crypto I'm not chopping at the bit to read it. Well, yesterday I got around to eating my vegetables by reading the January 4th statement
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by Ben Lilly A Cobwebbed Wallet Got Dusted Off Monday was a reset. It was needed in order to set the table for a move higher. In the days leading up to the wild swing on Monday, rates for margin positions were getting ludicrous. Traders were paying 6% per day
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by Ben Lilly Catching Wicks While I Sleep Upon waking yesterday I checked the on-chain alerts from Jarvis. It's a daily habit. The idea is to get a feel for what was happening before looking at a price chart. What I saw resembled what can only be described
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by Ben Lilly Eagerly Awaiting Drop I’ll admit, I can’t wait to see a steep correction. Most investors and traders would assume this selfish desire originates from jealousy or envy with the hopes of getting in at a better price. OR that I’ve got shorts or puts
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by Ben Lilly Today is Today, Tomorrow is Tomorrow Price jumped almost 14.7% from valley to peak yesterday. This type of activity can turn even the most even keel personalities into geeked out chart watchers. When you see your account grow almost 50% in less than two weeks you&
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by Ben Lilly The Effect is in The Flow It’s the weekend so we will make this quick. Yesterday we witnessed significant stable coin inflows into exchanges and bitcoin outflows. Here was Jarvis pinging our team throughout the day. As you can see, lots of USD stablecoins were entering
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by Ben Lilly Ready to Crush 2021 The world exhaled with a sense of hope as the calendar year changed. Last night's celebration might have been more about saying goodbye to 2020 than celebrating 2021. At Jarvis Labs, while 2020 was roller coaster of emotions traversing valleys of
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by Ben Lilly 5.5% of Bitcoin is Institutionalized We're here years before the institutions. That's one of the unique qualities of Bitcoin and crypto as a whole. Retail had the first go at getting involved. With most asset classes, the pin-striped suits of New York&
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by Ben Lilly Herding Burritos "Fomo got me good, again. I was having these restless dreams that I'm in a distant future time called 2024, and the next election is underway with Rodney Dangerfield as the Republican candidate. BTC is at $1 million and my few remaining
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by Ben Lilly The Calm is Coming The Holidays are nearly over and so are GBTC unlockings. With the drop in unlockings the Grayscale Effect looks to be a non-factor over the coming weeks. Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly minted shares
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by Ben Lilly Grayscale's (GBTC) Pump Effect Means 2021 Will Start Slow (I got a lot of feedback on the Grayscale analysis from last week, so I decided to re-write it and break it down even more. As you'll see, it's a compelling argument.