Here's how I see the market rn:
- Big volatility macro numbers payrolls + inflation now out the way for another month with very little scars
- BTC inflows accelerating aggressively
- ETH ETF remains a risk, but gud arguments for/against
- FOMC is a slight risk, 1 week away
- In a bull mkt no news is good news, trend is higher
On balance, it feels like we are set to keep going higher in crypto for the next few weeks with the coast mostly clear once again.
Summary:
Bitcoin has chunks of currency called UTXOs which are made up of sats.
Each sat can be inscribed with arbitrary data. These sats are then ordered and tracked through Ordinal theory.
This standard is enforced offchain and doesn't require a change to the core protocol.
After spending a week deep diving into #BTC Ordinals, here’s why I’m deeply bullish 🚀
🔹 My revised thesis
🔹 What you’ll need to get started
🔹 What I bought and why
Let’s call it “An ETH NFT maxi’s guide to Ordies”
🧵👇🏽
You could follow < 10 accounts and get > 80% of the info you need to succeed in this space
📃Some of my favorites:
@rektmando 's Minutes
@LuckyTraderHQ 's Morning Minute
@RogerDickerman 's 24 Hours of Art
@GiancarloChaux 's Mint or Skip
@niftyportal 's Daily digest
@blockworks podcast network for deep dives with foundooors
🏆Honorable mentions:
@CozomoMedici 's Medici Minutes
@shillrxyz daily spaces
@punk9059 's stats tweets
@BCheque1 daily snapshots
🎉Bonus 11th account
@FKA787 's satirical posts (good amount of truth in them)