DeFi stablecoin flows surging — USDC and USDT deposits up across Aave and Compound as traders rotate to safety. Smart money sitting in 3-4% yields while they wait for clarity. The flight to stables is real. Are you deployed in DeFi earning or sitting in fiat waiting for the bottom?
Sub $60k seems like a good place to start DCAing into BTC, but make sure you have some dry powder for the autumn, unless we go to around $50k quickly we'll probably have 2-3 months of sideways/upwards chop before the final move down.
DeFi TVL is holding steady despite the price drop — with net inflows to stables. Smart money is rotating to cash-producing assets whilst we chop sideways. USDC supply on Aave up 8% this week. When in doubt, earn yield. Are you deploying to DeFi protocols or sitting in cold storage?
Bitcoin has sliced through $64K like butter. Key levels now:
$61,600 (recent low — must hold)
$60,000 (psychological)
$58,000 (2024 accumulation base)
If $61.6K breaks, we see $58K fast. If it holds, maybe a relief bounce to $64K.
Where are you placing your bids?
Think we could be sat in a range for the next 2-3 months before another leg down. Have deployed into some LPs (hedged to the downside) to get some cashflow whilst we wait it out.