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According to the National Bureau of Statistics, at the end of June, the unsold floor space of commercial housing was 763.15 million square meters, a year-on-year decrease of 0.9%. Among them, the floor space unsold for less than 3 years was 561.67 million square meters, a decrease of 3.5%.According to the National Bureau of Statistics, from January to June, the sales area of newly built commercial housing was 401.4 million square meters, a year-on-year decrease of 11.6%; among which, the sales area of residential housing decreased by 12.4%. The sales value of newly built commercial housing was 3.7945 trillion yuan, a decrease of 13.6%; among which, the sales value of residential housing decreased by 13.7%.National Bureau of Statistics: Natural gas production has shifted from decline to growth. In June, the output of natural gas from industrial enterprises above designated size reached 21.4 billion cubic meters, a year-on-year increase of 1.1%, compared to a decrease of 2.2% in May; the average daily output was 710 million cubic meters.National Bureau of Statistics: Crude oil processing decline widened. In June, the crude oil processing volume of enterprises above designated size was 51.24 million tons, a year-on-year decrease of 17.7%, with the decline widening by 8.6 percentage points compared to May; the average daily processing volume was 1.708 million tons.National Bureau of Statistics: Crude oil production remained stable. In June, crude oil production from enterprises above designated size reached 18.12 million tons, a year-on-year decrease of 0.5%; the average daily output was 604,000 tons.

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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