Crypto Narratives

Usually what happens on my "shitcoins wallet" is that I buy each coin with the intention of selling much higher or never sell and ride it to zero. So most of the positions will basically get zero'd but a small minority of coins that you ride for a high multiple without selling early makes the whole strategy profitable. If you sell too early, your gains won't be large enough to offset the losses. But you can't also just ride each position to infinity (unless you caught the WIF/BONK/etc of the world) or you will end up roundtripping the gains too. You have to find the right balance.

A lot of people are getting bullish on $MKR since yesterday's 'BlackRock news'. Remember the BlackRock RWA news in March was the catalyst that sent all the RWA tokens 2-3x higher. I generally like $MKR on the long side but am not positioned right now. $MKR vs altcoins is one of the most erratic charts out there. At least it's getting close to reach new highs unseen since 2021.

These are rare charts for $100M+ non-memecoin tokens with several months of history $ACX here

Some freaking dino coins are in a bull run vs the altcoin market $TRX $XMR $XRP $ADA

Since mid-April : S&P500 up roughly +10% $BTC down roughly -10% Time for a tradfi -> crypto rotation ? !pray

Total market cap of all L2s : $13bn Total FDV : $37bn So the L2/ETH ratio is around 3.4% in market cap and 10% in FDV. It does not look too egregious after this correction, but still a lot of value extraction from $ETH

Germany had 50k $BTC in their wallets less than a month ago. Right now, it's 13k. This source of FUD will be over soon.

We swept these highs, which is a first step, but now we'd have to consolidate above $59k, ideally.

Largest coins launched in 2023/2024 ranked by FDV "$6bn FDV is the new $20bn FDV"

$300M inflows on the $BTC ETF yesterday Are you telling me that they simply see a good price and then buy and don't give a single f about the "4-month range breakdown muh" that CT is so scared about ? 🤔 Hopefully