Pre-sale meta quickly came & went.
Racist meta quickly came & went.
Celebrity meta will quickly come & go.
The froth will be cleared & the quality memes will keep on going.
Most memes are already 40-50% off their highs.
People recognizing the celebrity meta for what it is.
Nonstop bickering on the timeline.
Decent OI cleanse even on the majors.
Everyone is talking about taking the Summer off, downside targets, & macro top.
Peak doom & gloom.
The number of people that have missed out on memes & cheer on their demise everytime they have a correction is another factor to make me think they go much higher.
This is perhaps one of the top 5 worst CT environments that I can recall.
There's neither any thoughtful market discussions nor any funny bantering with the characteristic CT humor.
Optimism is nowhere to be found.
Just rampant cynicism.
Crypto natives are well familiar with the money flow ladder of:
BTC => Majors => Mid caps => Small caps
But the ladder extends upwards as well, particularly post ETF:
SPY / QQQ => BTC => …
Checking in.
Been a hectic week IRL.
Just when the market cools down, real life business opportunities start heating up.
Have to maximize focus & minimize opportunity cost.
Right now best served outside of crypto.
Might not be posting as much for the next few months.
GL🫡