Bitnoods

“Patience is bitter, but its fruit is sweet.” — Aristotle

[CrediBULL Crypto @CredibleCrypto]

All of your patience is about to pay off.

[CrediBULL Crypto @CredibleCrypto]

This one's for all the llamas all over the world.

Likes/shares appreciated, watch on 2x speed if you must, but you can't afford to miss this one.

It's time to Curve it.

Enjoy.

$CRV 🤝 $CVX

[CrediBULL Crypto @CredibleCrypto]

The longer the base the higher in space

[CrediBULL Crypto @CredibleCrypto]

The $CRV that has been voluntarily locked away amounts to 35% of circulating supply.

That's like 7 @saylor's worth of supply locked off the market except unlike with Saylor we would get a minimum 4 year advance notice before any of this could be sold, and much of it is being voluntarily locked away forever.

It doesn't seem like a big deal now because the price is down and so no one is paying attention, but when the market shifts and we start pumping you're going to see how significantly this low float affects PA.

[borovik @3orovik]

ETH is money, & Robinhood chain proves it

It uses ETH as gas: you need to buy ETH to use the chain, same with base

Robinhood is worth $100B
Coinbase is worth $42B

Robinhood has 28M users
Coinbase has 108M users

Together they have $900M in assets

This is so bullish for ETH!!

[borovik @3orovik]

Very bullish news for stablecoins

Soon they will be part of the US financial system, and the blockchain they’ll live on:

ETH, and layer 2s like base, robinhood chain, and many others

The winner will always be Ethereum!!

[CoinDesk @CoinDesk]

NEW: @Vanguard_Group posts its first ever Head of Digital Assets role, marking a full strategic pivot from the $11T asset manager that spent years refusing to touch crypto.

[HERE WE GO! @escape2defi]

When $eth goes to $10k, $crv is going to be $20 and $cvx is going to be $100.

When $eth goes to $20k, $crv is going to be $40 and $cvx is going to $200.

I don’t make the rules.

Stablecoin exchange champion of the world about to weigh in.

[Altcoin Daily @AltcoinDaily]

I sold everything I had. Every coin I owned is gone. I'm completely out of the market, I can't take it anymore.

Aggressive dumping, manipulation, everything is so intense. Fiat is over, I am out. I'm all in crypto now.

[il Capo @CryptoCapo_]

Crypto looks very ready for one of the most hated rallies in a long time.

[Bluntz @Bluntz_Capital]

i can already sense this cycle is going to be based on fundamentals and itll look nothing like last cycles meme cycle imo.

markets have a funny way of changing things up and keeping you on your toes just when you think youve figured it out.

[Sawyer Merritt @SawyerMerritt]

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[CrediBULL Crypto @CredibleCrypto]

The post in the quoted tweet was from when Bitcoin was trading at ~$27,000, before our run to 100k+.

At the time, many were adamant that due to the "4 year halving cycle" we would not see new all time highs (65k+) until AFTER the halving in April of '24.

The consensus at the time was that we should expect chop/sideways action until the halving, and then a post-halving run up to new all time highs after (like "every time before").

At the time I was confident we would see new all time highs SOONER than most were expecting, that the "5th wave" to 100k+ would occur BEFORE the halving, not after.

Part of the reason for this was market structure based, but I also noted that LTHS (long term holder supply) had reached record levels at 70+%, and I explained why this would lead to a price rise higher and faster than most were expecting.

Fast forward a few months and the aggressive/impulsive rise was well under way leading to new all time highs BEFORE the halving leaving many in disbelief during the rise along the way.

Today, LTHS has hit NEW record highs, with 16.6M Bitcoin being HODL'd, accounting for nearly ~80% of total supply. If we consider that around 1M Bitcoin have yet to be mined, this 16.6M figure amounts to around ~83% of all circulating Bitcoin. Again, the HIGHEST recorded amount of Bitcoin being HODL'd in history.

This is very similar to the situation that we had at 27k- panic sellers had dumped all they could from the prior highs at 65k, forced sellers sold all that they could, a new cohort of buyers accumulated all that dumped Bitcoin, and Bitcoin supply became the most constrained it had ever been before.

This meant that when buyers did finally actively step in, we shot back up to prior ATH much faster than most were expecting.

There is no doubt in my mind that we are preparing for something similar now.

This does not mean we can't go lower, theoretically if we were to get another LUNA/3AC situation where a portion of these HODL'ers become forced sellers more supply could technically come onto the market- but this would be an exception to the rule (HODL'ers typically sell into price rises, not dips) not something we would expect is most probable but rather least likely. And even if this were to occur- it would only just delay the inevitable rise, the same way our breakdown from 30k in 2022 due to forced selling from LUNA/3AC/FTX did not derail (but only delayed) the rise to 100k+.

Ultimately, a secular (think 5-10 year) bear market does not occur when 80% of supply is being diamond-handed. It occurs when long term HODL'ers have sold much of their supply to short term speculators (typically as price goes parabolic) who panic sell (rather than buy) to other "weak hands" as price collapses in on itself- leading to a long, drawn out "death spiral" after which point long term holders once again step in at a deep discount to absorb all the supply they sold much, much higher.

In other words, odds are that a bottom is closer than most think, and barring a black swan event that forces the hands of some HODL'ers, price will recover faster from this point than most are expecting- just like we saw in '23/'24 when conditions were similar.

$BTC

[HERE WE GO! @escape2defi]

CurveFinance DEX has swapped $342 BILLION since launch. It has swapped $3.9B so far in June averaging a billion a week.

People calling ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 and ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b by proxy ‘dead’ have no idea what Curve is or how it works.

It’s the governance token for one of the most reliable and least expensive places in defi to swap stablecoins.

You can’t equate this to $wif or whatever. Curve is real, stablegrowth is explosive.

This is the beginning, not the end.

Not a shitcoin - a utility token backed by real function and real value.

[Noah @antibearthesis]

Trump every time the S&P 500 drops 1%

[CJ @CJ900X]

Reminder that price sets narrative.

Example with DeFi:

> Current narrative while price is down is that AI models continue to find vulnerabilities in DeFi code, and thus renders them insecure and too risky to use or hold as an investment.

> If price starts to moon, watch it switch to 'AI found a lot of bugs in DeFi code that have now been fixed and now secure'.

That's why I just like to draw lines on charts and manage risk. The narrative tends to suit the current regime price is in.

[sun runner @0xSunRun]

ZEC being exploited when half of CT put their entire hopes and dreams into it seems like the perfect conditions for a final capitulation

[CrediBULL Crypto @CredibleCrypto]

The 4 year cycle people told me we would get a parabolic blow off in December of '21 (like we did in Dec of 2017) but we didn't, so the 4 year cycle was debunked in '21.

Then in '24 the new 4 year cycle people told me no new highs above the 65k highs until after the halving but in '24 we made new highs before the halving, so the new 4 year cycle got debunked, again.

Now I am hearing people referencing the 4 year cycle for the third time, so Im not sure which 4 year cycle you're referencing now, but its apparently different from the other two "4 year cycles" that were referenced before. Whatever "4 year cycle" you're referencing now will probably also be debunked like the last two, and then a 4th, brand new four year cycle will be manifested.

So excuse me if I don't take you seriously when you talk about my "prediction about the 4 year cycle not working".

Also, I haven't been "all in" on alts for 6-7 years, I held plenty of Bitcoin that I bought at 3k, 6k, and 15k, which was all sold into 100k+ after which I've been all in on alts. We broke 100k less than 1 year ago.

[CrediBULL Crypto @CredibleCrypto]

Well as stated many times my "most conservative target to start scaling out would be prior ATH, BUT for those looking to take some off the table before that, the only major resistance zone on $CRV between where we are now and prior ATH at $6 is the $2-$3 region. That is the most likely zone to give us some "trouble" on our way up and the only zone stopping us from reaching prior ATH. So if you are looking to de-risk for whatever reason, that would be the place to do it. For CVX the equivalent zone is between $20-$40.

[Simon Dedic @sjdedic]

Not trying to jinx it, but something is shifting in the market right now, even with altcoins.

Coins randomly pumping 20-30%, energy and optimism slowly returning, timelines waking up after months of silence.

We’ve been bleeding at the bottom so long people forgot what momentum feels like. But don’t make the mistake of letting bear market PTSD blind you to how quickly things can flip once reflexivity kicks in.

Months of boredom, then everything at once.

If I am right then we have some very exciting months ahead of us.