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Moonbags Markets

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This channel is for my own personal thoughts only. Not financial advice. I take no responsibility for anyone's losses or gains. This channel will be forever free and I take no donations. Thank you. https://twitter.com/lordmoonbags

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ETH relative strength, SOL relative weakness

GBTC outflow is not just from fees, a large number of people bought for the discount to NAV during the run up and they will slowly take profit over months

Market is a simple chop fest with lower volume

looks like we got a bloody red night ahead

Gruesome outflows

Repost from unfolded.
FBI warns Americans against using unregistered crypto money transmitting services — link | tl;dr

Destroy the competition with regulation/overreach then profit by copying your competition and taking over

iyktk

This will all be done to protect the banking sector

They will go after self custody and native crypto exchanges, so they can funnel everyone into their approved list of services

The signs were always there

ETHBTC bottoms when DegenSpartan returns

Repost from Watcher Guru
JUST IN: 🇺🇸 SEC expected to deny spot Ethereum ETFs next month, Reuters reports. @WatcherGuru

🇺🇸🙅‍♂ #BTC #ETF SEC delays decision on listing and options trading for spot Bitcoin ETFs until May 29

Suddenly FDV matters again lol