We had almost 50% open interest nukes on $BTC and $ETH in just a couple days, combined with exceptionally high volume.
Yeah I think that the bottom is close.
It'll probably take a while though before we go anywhere.
for anyone comparing the COVID crash to current price action
this is what it looks like when you adjust the scales correctly in percentage terms
not a prediction, just trying to illustrate
Here is a gentle reminder for knife catching:
Early bird gets the worm, but it's the second mouse that gets the cheese.
Rule #1 in markets is don't die.
The Fear & Greed index dropped to extreme panic levels yesterday (17)
It was the lowest level since July 2022, even lower than during the FTX drop 👀
Historically, panic has always been a great time to allocate & paid well in a few months time
bro said never taking profit in trading is like playing the old playstation 2 on hard mode with no memory card & just rawdogging the full restart whenever you die
People on here comparing this to the COVID crash are just outing themselves as being new to crypto
The COVID crash almost took us to zero, this move is NOTHING compared to it
There was a reasonable fear the whole space would cease to exist and we were buying shitting ourselves
Celestia DA consumption hit a fresh high on the weekly timeframe, with network utilization at 1.5%. The launch of Eclipse was the clear driver
DeFi chains are responsible for 43% of data posted on Celestia since genesis
Celestia also hit a new high of 36% in DA marketshare