Devin the Dude

🚨 MARKETS ARE FACING A BIG WEEK. Iran escalation. A $6.3B Binance security breach. Washington political drama. And billions pouring into AI. Here’s the weekly market rundown: 🇮🇷 IRAN • Potential U.S. strikes reportedly being considered after the midterms. • Hormuz shipping risks back in focus. • Iran debating a possible shift in nuclear doctrine. ₿ CRYPTO • Binance suffered a massive security breach. • Approximately $6.3B in compromised assets reported. • Binance says losses won’t be passed to customers. 🇺🇸 POLITICS • Trump warns a Democratic midterm victory could trigger a 1929-style depression. • Administration pushes to replace AI with SI in official government language. 🤖 AI & ECONOMY • Meta pursuing billions in additional AI financing. • Anthropic faces potential junk-credit-rating concerns. • Housing and food continue consuming nearly half of U.S. household spending. 📊 MY TAKE: Geopolitical risk, crypto confidence, AI capital spending and consumer weakness are all competing for the market’s attention. But which one is the biggest potential market catalyst heading into next week? 🇮🇷 Iran ₿ Crypto 🤖 AI 🇺🇸 U.S. Economy What’s your call? #Bitcoin #Crypto #Markets

BTC withdrawal is live.

INTEL: Binance says 90% of $6.3B hack losses have been replenished, with 10 major assets fully backed - BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are now reportedly 100% backed. - The remaining 10% consists of less liquid tokens still being acquired through market and OTC channels. - Replenishment draws on SAFU, the Futures insurance fund and corporate treasury. A new Proof of Reserves snapshot was taken on October 31, with zero-knowledge verification expected by November 3. Withdrawals are scheduled to resume on November 1, while SAFU will be replenished to approximately $1B.

Five central banks spoke this week. Not one of them is cutting. US growth printed 3.4% and the Nasdaq still lost 6% in October. The ECB held at 2.50% with a December hike on the table. Japan admitted inflation has hit 2% and markets now price a hike. China's factory PMI fell back to 49.3. The UK got its budget through and gilts breathed out. If you're bullish, this is a shakeout in a world that's still growing. If you're bearish, this is what the start of a liquidity squeeze looks like. Either way, the easy money is gone, and your position size needs to know it. Full breakdown of all five economies and what it means for your trades here.

Fear and Greed just hit 30. A week ago it was 51. A month ago it was 74. Everyone on my timeline is calling the top and the bottom in the same breath. Here is what the data actually says. Funding is still positive. Binance accounts are still 70% long. Open interest barely moved through the drop, which means nobody got flushed, the bags just changed hands. That is not what a bottom looks like. The bottoms I remember came with fear under 20, funding negative, and longs wiped out. We are at none of those. Could we bounce from here? Of course. With this many longs there is no short fuel to squeeze, but fear this sudden often gets a relief pop. If it comes I would treat it as a bounce inside a downtrend until the data says otherwise. What I am not doing is being a hero on the long side because the chart went red. No reason to short it. No reason to buy it. Let funding flip, let the longs clear out, then there is a trade with evidence behind it rather than a feeling. Patience is a position too.

Weekends aren’t just for relaxing. They’re a great opportunity to INVEST IN YOURSELF. 📈 Take some time to sharpen your skills, learn something new, and better understand the markets. Whether you’re interested in crypto, stocks, trading strategies, or long-term investing, there’s always something new to learn. Join @TradingSpaces26 for FREE education, market insights, and a community focused on helping you become a smarter trader and investor. 🌐 tradingspaces.org The best investment you can make is in yourself. 🔥

🇮🇱 ISRAEL ELECTION UPDATE: POLITICAL DEADLOCK Israel’s October 27 election has delivered no clear governing majority. 📊 Final seat distribution: • Netanyahu’s coalition: 53 • Eisenkot-led opposition: 48 • Arab-led parties: 19 61 seats are needed for a majority. What matters now: • Netanyahu faces a difficult coalition challenge. • The opposition needs Arab-party support to form a government. • Failed negotiations could lead to another election. Bottom line: The election is over, but the political uncertainty is far from resolved. Coalition negotiations will determine what happens next. #Israel #Politics #Geopolitics

come and join the best trading group on X