Moonbags Markets

Short term top.

Finally

👊

They failed to flip the weekly momentum bullish, again

Longer time frame, not as clear

Bear trap again

spot bidding still

But short term think this was another perp unwind like last week

3840 is cursed

lol

This + record hedgefund shorts make it likely the next pump to be explosive

🥳 10x Research: The amount of #BTC on CEX is the lowest since March 2018 (2.5 million BTC), indicating bullish sentiment among whales.

Approaching... again and again

🎢 #BTC has broken out above the M1 money supply for the first time since March 2017, a move that historically preceded a 9-month parabolic surge.

Breaking: DEX Velocore on zkSync and Linea is suspected to be hacked, and all users' LPs were stolen, involving $10 million. Linea once stopped producing blocks but has now resumed. Hackers have transferred part of the ETH across chains to the Ethereum mainnet. — link According to official documents, Velocore claims to have undergone three rounds of audits, completed by Zokyo, Hacken and Scalebit. Linea Blockchain stopped producing blocks between 5081800 and 5081801 for about an hour. The reason is currently unknown.

📈🪨 BlackRock BUIDL fund closing in on $500M AUM At this pace, they are a few months away from $1B. There are ~30 apps with $1B or more in TVL in the entire crypto market The #RWA tokenization is taking over #DeFi