We’re back with another Friday Fundamentals. Stats of note this week are the number of shorts falling off a cliff, the difficulty not budging dispite almost 2x in price movement in 2 months, CME volume is surging again, and mempool being elevated. Our one news item in this episode is the Microsoft Decentralized Identity System called ION. I speak about it for a few minutes as a layer 2 for Bitcoin.
This is a regular Friday Fundamentals episode. News items are centered around the shaky Chinese situation. We may not be able to rely on any significant growth from China to save the global economy.