CryptoMarku$

[CryptoMarku$ @CryptoMarku5]

@LevAkabas Where’s Jayson Tatum on this list?

[Shams Charania @ShamsCharania]

Sources: The Knicks are selecting Mitchell Robinson with the No. 36 pick in the NBA Draft.

[CryptoMarku$ @CryptoMarku5]

@fejau_inc Not surprised. Druck has also said he despises forward guidance.

[CryptoMarku$ @CryptoMarku5]

RT @DeItaone: 🚨 RATE CUT BETS DROP AS INFLATION FEARS RISE

Markets are rapidly repricing as rising energy costs push inflation expectation…

[Alex Krüger @krugermacro]

What went wrong with crypto

1. 10/10 slaughter (will I get sued if I mention Binance?).

2. Digital Asset Treasuries (DATs) hangover.

3. Reversed flows from crime syndicates: major flows reversed after the DoJ indictment of the Cambodian Prince Group last October.

4. Quantum fears (real).

5. Enormous AI opportunities (opportunity cost):
- capital pivoting to AI
- talent pivoting to AI
- miners pivoting to AI

6. Perception of Bitcoin as American: few Chinese buyers, who had been behind the metals uptrend in large numbers.

7. The Swamp & Institutions taking over, overcrowding OGs and retail
- Pivot from Cypherpunk/Rebel tech to ETF tech.
- Crypto used to be for misfits & geniuses, now it's a line item in a 401k.

8. Trump association and political risks: what happens once Democrats are back?

9. Minimal innovation (since Hyperliquid).

10. Solana casino massacre (thank Pump Fun & the Memecoin Supercycle).

11. Oversupply of coins: there are 29.91 million cryptocurrencies tracked by CoinMarketCap.

12. Almost every coin in the top 200 is grossly overvalued and has had a broken chart for a while.

13. Never ending array of token launches that pump then dump to oblivion where only insiders profit.

14. Dead digital gold narrative.

15. Several categories of equities imploding (e.g. Software).

That killed momentum. With sellers dumping more aggressively than usual on every pump, and buyers not showing up to buy the dips as much any longer.

And then came the Warsh nomination (beating Hassett and Rieder), and the market suddenly became deeply aware that Warsh is a strong advocate of a small balance sheet: goodbye Queantitative Easing (QE) and Yield Curve Control (YCC) dreams, hello Quantitative Tightening (QT) fears.

That is what happened.

Please note this post is strictly descriptive, it tells you what happened, in the past. Prices have already crashed. Several metrics such as volume, liquidations, implied volatility and options skew indicate that a local bottom is likely in.

[CryptoMarku$ @CryptoMarku5]

@FloodCapital Anyone but Oracle please lol

[CryptoMarku$ @CryptoMarku5]

@krugermacro Does #2 matter much? Wonder if the market doesn’t pay much attention to his “forward guidance” with a new Fed Chair coming

[CryptoMarku$ @CryptoMarku5]

@AviFelman $50K of volume 😂

[CryptoMarku$ @CryptoMarku5]

@jvb_xyz Don’t disagree necessarily but a counterpoint would be Gemini and Bullish, the two most recent ones were kind of flops

[CryptoMarku$ @CryptoMarku5]

@krugermacro Missing The Wire

[CryptoMarku$ @CryptoMarku5]

@LeVeonBell Will Ferrell

[CryptoMarku$ @CryptoMarku5]

@SmallCapScience @IncomeSharks $AION and $DKING!

[CryptoMarku$ @CryptoMarku5]

@chamath Chamath, you can easily cut out alcohol and unhealthy desserts/snacks if you want to, you just don’t want to. Saying it’s impossible because you have a wife and kids is just lazy.

[CryptoMarku$ @CryptoMarku5]

@unusual_whales Almost usual

[CryptoMarku$ @CryptoMarku5]

@MacroCRG $AION. @aion5100

[CryptoMarku$ @CryptoMarku5]

@ClayTravis Pequods. Also highly suggest a burger at Au Cheval

[CryptoMarku$ @CryptoMarku5]

@chiefingza Exactly. Lol

[CryptoMarku$ @CryptoMarku5]

@TiffanyFong_ Rory