Altcoins lost ~$6 billion in open interest.

30% drop in total open interest.

Massacre.

🩸

Might actually be bullish because HK indices have been down only for years and now HK finance can get exposure to something actually going up.

It appears the technology of my cryptographic internet coins is depreciating in rapid fashion

If we compare the #Bitcoin ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young.

Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+…

Peter Schiff living his best life

Supply dynamics to the downside this cycle will be totally different. Relentless VC unlocks will drive asset prices down -90% from the first -90% “bottom”.

Things will be very different.

BLACKROCK CEO FINK SAYS I DON’T THINK INFLATION WILL GET BACK TO 2% ANYTIME SOON -CNBC INTERVIEW

Major Chinese asset managers expect Hong Kong to approve spot-crypto exchange-traded funds for both Bitcoin and Ether as soon as Monday trib.al/pDLR2Cp

The Boss is adding a little extra to the bonuses on Saturday night 👀 #UFC300

Gold still surging - kinda concerning. Maybe someone is preparing for a big geopolitical move as they know they'll lose their dollars and euros after the fact.

[Tree] BlackRock (IBIT) Daily BTC Flows: +191.9m

iight bald brian time to stop fuckin around send this mf to $400

Leading memecoins have outperformed every other crypto subsector YTD

(h/t CoinGecko)

Gold getting turbo bid YTD

I expect $BTC to touch $80k by May

Between $80k and $100k there will be significant supply to work through. However, asset/wealth manager sales teams will be cleared to hard sell the ETFs very soon so clearing this supply could only take a month. Up to 3 on the longer end.…

I just wanna see my dawgs balll 7 figures

There are few people that have mastered the ability of applying global macro analysis to navigating Bitcoin/crypto markets.

The two that I follow almost religiously on this front are fejau and Quinn Thompson.