Moonbags Markets

Gwei is down to 2020 levels lol

Why would it do this? That was the day of peak fiscal flows for the year That was the day the most money was printed for the year It has been dwindling down since

Coincidentally, SPX has just tested the levels from that day and has acted as support since

Everything from that day forward was just ETF flow fomo

Study I think we revisit the level of this date, Feb 16th

Build stuff that is unfuckablewith

Complaining about 3 letter agencies means you already lost

Mark Cuban: Gary Gensler and the SEC are trying to destroy the crypto industry. SEC decided to litigate to regulate rather than make any effort to increase compliance. The cost in time and legal fees to attempt to register and comply make it impossible to realistically operate. SEC makes it so expensive, time consuming and difficult for those who want to comply. — link

It might fucking over.

Bloomberg ETF analyst Eric Balchunas said that the U.S. SEC may reject Ethereum spot ETF on May 23, and approval may not be until the end of 2025. If Trump wins, the SEC will likely face a change in leadership that may be friendlier than Gary Gensler's. DLNews

Currently it is stuck below resistance since April at 159, this has now become a key level Whenever we reject there, everything nukes

Which means, SOL goes up, market goes up, likely drags BTC and ETH with it

Wealth effects tend to come from the best performer

The trend is your friend until it is not Weakening BTC, weakening ETH, strong SOL The market will always follow the leader I would be massively worried if the leader stopped exhibiting strength, bottom line

Sol dominance has been up only since Jan 2023

ETH dominance has not been going downhill for almost a year