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July 3, July 2, reporters visited the factory of Amprius, a power bank cell manufacturer, and found that the factory was relatively quiet with no signs of large-scale production. Two suppliers revealed that some of Amprius production lines had stopped production in late June, and the company still owed them millions of yuan in unpaid payments. Amprius official website and administrative staff failed to get an effective response. In addition, staff from the Wuxi Municipal Market Supervision Administration said that it is clear that the market supervision bureau is still in the process of investigation.According to AXIOS: Trumps envoy plans to hold nuclear talks with Iran next week.On July 3, good news came from the construction of the fifth phase of the subway. It was learned from Shenzhen Metro Group that the first phase of Metro Line 27 has achieved the enclosure of the first station enclosure structure of the entire line, marking that the first phase of Line 27 has entered the main structure construction stage. The first phase of Line 27 is scheduled to be completed in 2029. By then, it will connect the three districts of Nanshan, Longhua and Longgang, and Qianhai to Longhua will be able to achieve a direct journey of 45 minutes. From Songping South Station in Nanshan District to Gangtou West Station in Longgang District, the total length is about 25 kilometers, with a total of 21 stations, all of which are underground stations. The line passes through Nanshan, Longhua and Longgang Districts, connecting important areas such as Qianhai, Nanshan Science and Technology Park, Xili High-speed Railway New City, Longhua Center, and Banxuegang Science and Technology City.The EIA natural gas inventory change in the United States for the week ending June 27 was 55 billion cubic feet, the smallest increase since the week ending April 11, 2025.The EIA natural gas inventory in the United States for the week ending June 27 was 55 billion cubic feet, expected to be 53 billion cubic feet, and the previous value was 96 billion cubic feet.

BTC Fear & Greed Index Slips to 22 Despite a BTC Run at $20,000

Skylar Shaw

Oct 24, 2022 15:19

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For Bitcoin, Sunday was a positive day. The Fear & Greed Index was not, however, moved into the Fear zone by lowering expectations on a hawkish Fed action in December.


Bitcoin (BTC) increased by 1.90% on Sunday. BTC increased 0.29% on Saturday before rising 1.65% for the week to $19,585. Notably, BTC avoided sub-$19,000 for a second session and fell short of $20,000 for the seventeenth session in a row.


After a negative morning, BTC dropped to a low of $19,086 around midday. Before regaining momentum and reaching a late high of $19,707, BTC breached the First Major Support Level (S1) at $19,136. BTC overcame the major resistance levels for the day to end the week at $19,585. Late support was provided by the Third Major Resistance Level (R3) at $19,515.


Demand for riskier assets was sustained by investors' response to Friday's less aggressive Fed comments. The likelihood of rate increases in November and December was 87.5% and 48.7%, respectively, according to the FedWatch Tool this morning. The probability of a 75-basis point increase in December was 69.8% a week ago.


Interest will be generated by the preliminary October private sector PMIs for the US. Bets on a 75-basis point Fed rate rise in December might be revived by an uptick in service sector activity and employment throughout the private sector.


The NASDAQ 100 Mini was up 112 points this morning, reflecting a positive start to the week.

Fear and Greed Index Drops to 22/100 Although BTC had a bullish session

The Fear & Greed Index decreased from 23 to 22 today. Despite the robust Sunday session for Bitcoin and the larger crypto market, the decline further into the Extreme Fear zone nevertheless occurred.


Although odds of a 75 basis point Fed rate increase in December have decreased, the Ukraine crisis and the Fed's monetary policy continue to produce economic uncertainty. Today's investors will also be put to the test by US economic figures.


However, crypto-friendly statistics ought to encourage a return of the Index to the Fear region.


The Index will need to keep avoiding sub-20/100 for the bulls to justify a change in mood. However, a decline to below 20/100 would indicate a BTC decline to below $18,000.


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