Moonbags Markets

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

This is why I will point to Soleth strength as the primary driver in this market

However, I still believe that Others dominance has already bottomed

BTC dominance has been in a down trend since the April high

It's chop city

No the Consumer sentiment report didn't dump the market There was a whale aping longs all week and they're probably trying to liquidate him

Working as intended, 4.9 gwei lol

Btw I don't really believe these reports, it's probably just custody

They're stealing your bitcoin for cheap as you weak hand it to them

JUST IN: 🇺🇸 Largest US bank JPMorgan Chase discloses buying spot Bitcoin ETFs. @WatcherGuru