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Aggregated Market Analysis Using Steaks
with markets being boring as hell I’ve decided to share my aggregated market analysis I do each month. I love steaks, so I use a steak approach. If the steak is well-done, I’m heading out of the restaurant to spend my money elsewhere. If it’s medium I sit back and enjoy. If it’s rare I feast, and I spend. I use a 10 grade steak-scale. a 10/10 is a steak cooked so dry it crumbles, euw. Time to exit. a 0/10 steak says moo, yum. let's eat. Here’s the recipe: # 1. Grab 3-5 random trending news on google (regardless of sentiment) the past 4 weeks, and score them subjectively on an 10-grade scale based on: **- Bullshittery** **- Bearish/bullish-ness** **News 1: Meta urged to consider Bitcoin Treasury shareholder proposal:** Likely bullshit, but quite bullish Average score: 4/10, a medium rare steak. Good stuff. **News 2: The U.S. Dollar Index at 2-year high:** No bullshit, and highly bearish Average score: 8/10, a well-done steak. euw. **News 3: Institutional Bitcoin Holdings Surge to 31%:** Likely not bullshit, and highly bullish Average score: 3/10, a rare steak. Good stuff. The steak for news is cooked to 5.0/10 - a half good steak. I’ll take it. # 2. Next I'll look at 3 of my favorite on-chain metrics to see what the underworld is up to. I’ll grade these subjectively as well based on previous cycles ATH's. **- MVRZ:** 3/10, rare **- Puell:** 4/10, medium rare **- Reserve Risk:** rare, 3/10 The steak for on-chain is cooked to 3.3/10, medium rare - a great steak! # 3. Finally I Iook at my most trusted steak-thermometer on steroids that taps into all of the above at once - the alphasquared bitcoin risk score. **Alphasquared bitcoin risk**: 5.4/10. A medium steak. I'll have it. # 4. At last I combine them all to get my final filet: (5.0+3.3+5.4)/3 = **4.57/10. A medium steak.** I’ll sit back and enjoy it, like a steak I didn’t order but kinda want anyway. What other ingredients can Improve the recipe? Lmk.4
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