Data's Inner Circle 👑 (WILL NEVER DM YOU FIRST)
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https://x.com/TheCryptoData The Inner Circle is where I share my thought process on the overall market, including technical analysis, altcoins, and narrative rotations 💎 Nothing shared is financial/investment advice and should not be taken as such.
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Kanye apparently sold his X account or gave “shared” access to it. Be wary of the upcoming launch next week. 95% chance it’s a rug pull
https://x.com/lokithebird/status/1893405895540809853?=46
The main reason for the market drop today was due to the $1.5B Bybit ETH hack and FUD surrounding a new COVID strain. This caused stocks to fall which in turn brought crypto with it.
Most majors are rebounding nicely after Bybit quickly refunded users and fully enabled withdraws less than 12h later. This shows that crypto remains resilient despite the constant barrage of negative news.
I continue to remain tentatively bullish and am still waiting for ETH to close the daily above 2750 which should trigger a nice alt run. Until then, I'm managing my risk accordingly and maintaining low leverage for any trades 👍
The market is showing life again as we predicted in our previous update. Majors have now rallied for multiple days in a row, suggesting investor confidence is returning, and a potential rally could be on the horizon.
The only uncertainty remains the Ukraine/Russia war and tariffs, but I still remain tentatively bullish as we have plenty of catalysts ahead of us, including airdrops, ETFs, FTX refunds, mainnet launches, potential QE stimulus, and continued US government support.
Keep an eye on ETH and if it can close above 2750 on the daily (it's very close). If that happens, I believe it could kickstart alt season and attract a lot of people who are sidelined. The recent KAITO airdrop and Sonic mainnet hype has already gotten people excited in the market again. Now it's just keeping that momentum moving forward 🤝
I'm starting to see the AI narrative heat up again with the recent release of Grok 3 (outperforming all LLMs), TAO listed on Coinbase, and Microsoft's quantum chip. People have also started gravitating away from the trenches and into legitimate/utility plays.
I recently made a post on Nillion Network. It's one of the most hyped AI/DePIN protocols this year and is launching very soon. I highly recommend everyone check it out if you haven't. It'll create some nice hype for the sector 👍
https://x.com/TheCryptoData/status/1892666475468435731
The market continues to chop amid the ongoing drama around the LIBRA token and concern around the state of memecoins and the SOL eco ahead of the unlocks (Mar 2nd). I'm remaining mostly in stables until there's more clarity in the market and have my limit orders placed at major daily/weekly support levels (SOL at 155-160, HYPE at 20, BTC at 92k, ETH at 2370, etc.).
I feel we're close to reaching capitulation in market as we've had multiple high profile token rugs, billion dollar liquidation events, liquidity blackholes, etc. It's only a matter of time before things resume back to the upside. Although this flush was needed imo. People were getting overconfident and overleveraged. Hopefully this leads us back to a focus on strong fundamental/utility plays where legitimate projects get rewarded and strong community tokens thrive 🤝
Quick update on the market for everyone:
There's been a lot of drama with the recent LIBRA launch and how that team was also behind the MELANIA token (stark similarities). Coffeezilla recently released an interview with the team which I recommended everyone watch as you can see exactly what goes on behind the scenes of all of these hyped launches.
Most people are taking a "wait and see" approach as liquidity continues to be fragmented and any pumps are short-lived. The recent BNB chain AI integration could create some hype but I'm not expecting it to last long.
The market needs a cleansing from the extraction that's been happening. Even if that means waiting on the sidelines for a few weeks, I would rather wait for confirmation vs getting chopped up.
Hope you guys are enjoying the PUMPIT run 💰
Over a 2x if you bought the 12m dip and +50% if you bought when I posted 💵
Trade here: https://t.me/achilles_trojanbot?start=r-cryptodata2017
Hope you guys are enjoying the PUMPIT run 💰
Over a 2x if you bought the 12m dip and +50% if you bought when I posted 💵
Trade here: https://t.me/achilles_trojanbot?start=r-cryptodata2017
The PPI numbers came in at 0.4%, which was slightly higher than the forecasted 0.3%. This was accompanied by a core PPI increase of 0.3% as expected. The market reacted slightly bearish, as this data could delay interest rate cuts, but overall the reaction was muted as most already had it priced in from yesterday's CPI results.
Everything we've seen from positive ETF news to founders being more engaged to more regulatory clarity leads me to believe a bigger run could still happen this month. Remember, February and March are historically bullish months for Bitcoin.
Most of the negative news is having less of an effect which makes me believe we're one positive catalyst away from a major pump. Until then, continue to focus on strong performers (HYPE, SUI, JUP, etc.) and manage risk accordingly.
The market continues to chop amid macro economic uncertainty. Although I still feel most are getting too bearish. We knew Trump would impose tariffs on other countries and they would be retaliatory in nature. I'm assuming this is nearly priced in, ahead of any major black swan events.
We also have the FTX refunds supposedly starting Feb 18th which should create some hype in the market if they're large enough.
My position still remains the same as the last update. Bid on high conviction plays at major daily/weekly support levels (SOL at 180, HYPE at 20, SUI at 3.20, ETH at 2370, etc.).
I've been seeing a lot of questions regarding Luke's Gem Hunters Lite group. A few updates:
1. The Telegram bot/servers were overloaded, therefore some people got in, but others either couldn't complete the process or got kicked out
2. The team is aware of the Blofin UID issues not verifying and is working to remedy this asap
3. Luke posted a form in Capital Club if you had any issues signing up to BloFin, submit an inquiry there
4. For troubleshooting, try closing the app and clearing your browser history/cache then trying again
Update: It seems the Blofin issue has been fixed but now people are having trouble with the Photon/Email verification. These issues should be fixed fairly soon as well.
Don't worry, if you didn't get in, you will have another chance. The demand has been crazy and he's working around the clock to make sure the issue is fixed 🤝
The market is starting to look better with many altcoins showing signs of bottoming out. I imagine we'll continue to inch higher, pending any negative news regarding tariffs, of which the market is already starting to price in.
In saying that, I still recommended betting on high conviction plays, looking for the outperformers, and buying at major daily/weekly support levels 👍
I bought some PUMPIT here. Hearing some good things over the next few weeks. It's still very high risk but should play out if everything I'm hearing comes to fruition. Currently it's 18 mil but if you want to wait for a pullback, 12-15mil isn't bad support. I'm expecting at least a 2-3x
https://dexscreener.com/solana/61ox7yulkofkxzvp41bcfp6uwhm17hj9asrpkjyk1nhz
The unemployment rate came in today at 4.0%, below expectations of 4.1%. We now have the lowest unemployment rate since May 2024. The Fed pause may be here to stay (unless Trump changes that).
FTX refunds are also rumored to go out Feb 18th which should create some positive pressure in the market but they'll be spread out so the impact may be muted.
Right now it's about sitting on your hands until there's more clarity in the market. These are the times when you strictly wait for high conviction plays vs trying to be early. There's way too many rugs out there to trade otherwise.
China imposed tariffs on the US. That’s why we just had the recent drop. I’m assuming EU is next as we stated above. Don’t make any drastic moves. This is a shakeout on both sides.
I’m expecting Trump to come to an agreement over the next few days. Until then, I’ll keep bidding major weekly/monthly support levels until it no longer works.
https://x.com/thecryptodata/status/1886646158669349249
The past 24 hours have been quite volatile. I’m expecting a short-term cool-off before continuing. Make sure you aren’t over-leveraging yourself after these large moves.
Identify the strong performers and place your limit orders at major support levels on the weekly/monthly timeframes (HYPE, SUI, ONDO, etc.).
Trump came to an agreement with Canada as well. Now I’m watching the EU and China, as well as the US dollar weakening and Trump starting QE (stimulus). That will be the start of alt-season. Until then, I’m riding the volatility and taking profits along the way 🤝
https://x.com/thecryptodata/status/1886620664213246406
Trump came to an agreement with the President of Mexico to halt tariffs for one month, causing a massive bounce in the market.
He still needs to form a resolution with Canada, but Mexico is a good start.
That's why it pays to look at liquidation data and buy the fear. Everyone was calling for lower but if you were paying attention to my voice messages and X account, you would've been one step ahead 🤝
https://x.com/TheCryptoData/status/1886495172482966016
