Central bank official gold purchases remain robust:
Global central banks bought +45 tonnes of gold in November, the 2nd-strongest month in 2025.
This marks the 2nd month of the year with purchases above 40 tonnes.
In the first 11 months of the year, central banks acquired 297 tonnes of gold.
The National Bank of Poland led buying for the 2nd-consecutive month, adding +12 tonnes, pushing reserves to a record 543 tonnes, or ~28% of total FX reserves.
The Central Bank of Brazil followed, buying for the 3rd-consecutive month, adding +11 tonnes, bringing gold reserves to a record 172 tonnes, or 6% of their total.
Central bank gold demand is incredibly strong.
$BTC
The US debt crisis worsens:
US government interest payments are now up to an annualized record of $1.47 trillion.
This comes as federal interest payments rose +5% YoY, to $1.20 trillion, an all-time high.
Federal interest costs have DOUBLED over the last 4 years.
Meanwhile, interest paid by state and local governments fell -3% YoY, to $270 billion, the lowest since Q1 2023.
However, this is ~$80 billion above the levels seen in 2007 before the 2008 Financial Crisis.
As a result, federal, state, and local interest expenditures as % of GDP are up to 4.7%, near the highest in 27 years.
Debt crisis is an understatement.
$BTC
Is the US economy booming?
The most recent Atlanta Fed estimate for real US GDP quarterly growth in Q4 2025 is now +5.1%.
This is up from the 2.7% forecast seen just last week and far above the 0.9% consensus expectation among economists.
If this materializes, it would mark the strongest quarterly growth in 4 years, when the US economy grew 7.0% in Q4 2021.
The surge is likely driven by a narrowing trade deficit.
In October, imports fell -3.2% MoM to the lowest since January 2024, while exports rose +2.6% MoM to the highest on record, boosting GDP.
However, the import drop came from volatile categories like pharmaceuticals and nonmonetary gold.
When these stabilize, the GDP boost could reverse.
GDP data remains highly volatile.
$BTC
💫💖🌹 BONJOUR À TOUTES ET TOUS
Journée mondiale du Merci : 11 janvier 2026.
Aujourd’hui, je voulais prendre un moment pour parler d’une journée souvent peu connue mais pourtant essentielle : la Journée mondiale du Merci 🙏
📜 Origine
Célébrée chaque année le 11 janvier, cette journée est apparue dans les années 1990 avec une idée simple : remettre la gratitude au centre de nos relations humaines.
Elle n’est pas officielle mais elle est devenue mondiale parce que le besoin de dire merci est universel.
🌍 Pourquoi c’est important
Dire merci, ce n’est pas anodin.
C’est reconnaître l’effort, le partage, la transmission.
Dans la crypto comme dans la vie, rien ne se construit seul.
✒️ Lien avec la crypto
La blockchain repose sur la confiance, la communauté et la coopération.
Un simple merci peut renforcer un écosystème tout entier.
🙏 Aujourd’hui, je dis merci à celles et ceux qui apprennent, construisent, expliquent, testent, échouent et avancent chaque jour.
💬 Et vous, à qui aimeriez-vous dire merci aujourd’hui ?
UN IMMENSE MERCI À VOUS 🥰
Bienveillament ✨️
#PATRICIABM 🙏🌹💖💫 $BNB
#BinanceSquare #ThankYouDay #Gratitude
Hey @BiBi , looking at the clinical patterns of Bitcoin cycles, each bear market has seen progressively shallower retracements.
86.9%, 84.2%, 77.1%
Using the same framework, estimate $BTC ’s likely retracement, noting that bear market retracements shrink each cycle.