Drew

…“What is truth?”…. -John 18:38

[Drew @DrewNotCarey]

I've built TrendScan with @base44: I gave in and finally vibe coded my inevitable crypto market dashboard. I tried to make a more user-customizable screener prioritizing trend strength using emas and rvwaps as filters. Still editing and welcome feedback: https://t.co/bfGhhhwHOl

[Mando @rektmando]

🟥 Things I'm looking at today 🟥

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US-Iran peace deal, crypto higher, SpaceX up 20% from IPO

Crypto

* BTC: 65,640 (+2%) | BTC.D: 58.8% (0%)
* ETH: 1,719 (+3%) | BNB: 615 (+1%) | SOL: 71 (+5%)
* Fear & Greed: 19 | 24h Liq: $331m
* BTC ETFs: +$86M | ETH ETFs: -$5M
* Top Gainers: UAI, GRASS, WLD, ZEC, ZRO
* BTC tops $65k after US-Iran deal announced
* BTC may bottom at $40-46K late 2026: Galaxy
* Crypto winter over, $100K BTC in 2026: StanChart
* BTC sale was a market test: Strategy CEO
* BTC mining difficulty drops 9.55%
* Investors have lost faith in ETH: Saylor
* ETH post-quantum protection now costs $0.07
* Humanity hack tied to N.Korea: Quantstamp
* Cardano used 1,096 BTC for 2016 audit costs
* Aerodrome to launch predictive allocation
* SEC approves T. Rowe Price’s crypto ETF
* CLARITY Act passage targeted for July 4: WH
* Coinbase AI agents hit 100M transactions
* Aztec Connect exploited for $2.1M
* TRUMP memecoin made family $616M
* Hoskinson quits X, moves Cardano to Discord
* Polish president vetoes crypto bill third time
* Philippines bars VASPs listing privacy coins

Macro

* NASDAQ: $25,890 (+0.3%) | Gold: $4,340 (+2.9%)
* This week: FOMC decision, Retail data
* Iran deal done, Hormuz reopened: Trump
* Israel hits Lebanon, jeopardizes US-Iran deal
* Trump calls Netanyahu 'very difficult guy'
* US-Iran deal signing set for 19 June
* US to release $12B frozen Iranian assets
* Iran commits to never obtain nuclear weapon
* Oil execs warn low stockpiles may lift price
* China to launch SWIFT alternative network
* Trump heads to G7 in France after Iran deal
* UK plans social media ban for under-16s
* Congo Ebola cases hit 782, deaths reach 181

AI & Tech

* SpaceX up 20% after IPO
* Gina Rinehart buys $1B+ SpaceX stake
* ARK buys $444M of SPCX on day one
* Amazon warning triggered US Anthropic curbs
* Anthropic trying to resolve Fable ban
* US unlikely to extend Anthropic curbs to others
* China may have accessed Anthropic's Mythos
* OpenAI probed by coalition of US state AGs
* Meta moves to unwind $2B Manus AI deal
* Aschenbrenner's AI fund hits $20B AUM

@YEET: Crypto's Casino
Just passed $2.6B in lifetime volume!

gm

[rektdiomedes @rektdiomedes]

Crypto + Macro Stuff I'm Looking At Today

...

- Prices bouncing on Iran peace deal optimism

- FOMC Meeting (Fed interest rate decision) on Wednesday... All eyes on Warsh as it is his first meeting as Fed Chair... (again, I think market is underestimating how dovish he will be, but we will see!)

- Total crypto market cap at $2.375T... off of recent low of $2.177T...

- $ZEC, $TAO, $AERO, $GRASS, $JITO, and $JUP bouncing the highest among top 200 tokens

- $ETH now more oversold than any time in its history, including the 2018 and 2022 bear market lows (link below + link to more thoughts)

- Gold still consolidating sideways/down a bit, currently at $4,319

- Oil now down to $81 (still haven't closed my short though - think we're going significantly lower)

- US inflation currently at 1.84% as per Truflation’s real-time inflation tracker

- Coinbase will apparently announce a new ‘intelligent financial app’ tomorrow

- $TON re-branding to $GRAM taking place today

- ExtendedApp will apparently be TGE'ing this month

- RE will also apparently be TGE'ing this month

- Saw a stat that Kalshi now accounts for 10% of US sports betting market, very interesting if accurate

- Wells Fargo apparently filed a trademark for $WFUSD in March, as banks continue flirting with blockchain/stablecoins/etc

- Lots of discussion on the TL about the 18,712 Bitcoins that SpaceX owns

- SpaceX perps go live on Bybit

- Blockworks acquiring Messari news is quite interesting

- Apparent $2.1M exploit on ThetaNuts, though it appears most of it was whitehatted(?)

- $EIGEN (yes $EIGEN) is apparently executing a very interesting pivot (link below to more info)

- Ventuals is apparently shutting down

- An AI-native predictions market called InsightXHQ just launched

- Aerodrome is apparently launching a new 'Predictive Allocation' mechanism that "rewards participants for anticipating future liquidity demand"

- Am starting to see new protocols popping up that are built on Circle's new 'Arc' chain - a couple NFT marketplaces and some other stuff

- Top 10 perps dex's by OI (open interest) as of today (as per the legends at DefiLlama) are 1) Hyperliquid, 2) Aster, 3) Variational, 4) Lighter, 5) EdgeX, 6) Grvt, 7) Antarctic, 8) GMTrade, 9) Ostium, and 10) Extended

Conclusion

Interesting times lads! That is everything I'm looking at!

What did I miss??

And are we now past the bear market lows or do we have more pain in store?!?

And how're you doing this fine Monday?

Did you watch the fights last night? What did you think?!?

Hit me up below and keep putting in those reps my bros!!! 💪💪💪

[CookBook @CookBookSauce]

New COOKBOOK out now

Magus — Don't be the 12k guy
Doc — Bears ran out of steam
Charlie — Hunting longs
Stoic — Ripe for reversion
Mercury — Nothing else to do

Read below 👇

[Dentoshi @Dentoshi]

Watchlist — strong coins w/ good EMA's. Peace deal could catapult us into a nice leg up, imo.

Looking to accumulate some of these on dips/breakouts, will update.

Anything I'm missing?

[Drew @DrewNotCarey]

@Dentoshi @krakenpro

[Drew @DrewNotCarey]

@Dentoshi Would you be willing to try my EMA screener and see how it performs compared to what you normally use? The exchange can be chosen by the user so @krakenpro can be used. And you have three filters to choose from that can all be EMA or VWAP.

https://t.co/yTfiY97gEF

[Drew @DrewNotCarey]

@Stoiiic Imagine people not having @Stoiiic notifs on 🤦‍♂️

[Stoic @Stoiiic]

why grind into pop happens

[Drew @DrewNotCarey]

@TylerDurden Everyone has probably built their own version of this to their liking but I wanted a more customizable screener tool and have also added a couple of other tabs trying to use concepts I’ve seen shared I thought could be nice to have. Still tweaking.

https://t.co/ItWNNcd1eY

[Drew @DrewNotCarey]

I've built TrendScan with @base44: I gave in and finally vibe coded my inevitable crypto market dashboard. I tried to make a more user-customizable screener prioritizing trend strength using emas and rvwaps as filters. Still editing and welcome feedback: https://t.co/bfGhhhwHOl

[Dentoshi @Dentoshi]

Nothing has changed since, war risk+spaceX IPO+CPI+summer – Not the best time to be doing a lot.

Better times will come :)

[Skew Δ @52kskew]

$BTC
Marketing trading like we've reached some kind of equilibrium or pause here comparably to recent weeks

$63K - $61K, deviation from either should have full attention imo

[Stoic @Stoiiic]

range formation on BTC with inefficiencies on both sides to clean up.

> break
> observe spot vs. perps positioning. (takers)
> observe passive spot cushion. (passive)

if perps lead, squeeze and revert otherwise go with direction (if spot dominating in direction of break).

[Skew Δ @52kskew]

$BTC Update
Market has failed to sustain momentum or willing to carry risk above previous key low & $63K

Structurally not great till market can reclaim the previous 1D low & support

[Drew @DrewNotCarey]

@based16z “No babe, your Strategy is perfect. The profitable ones scare me.”

[Mercury @TraderMercury]

$HYPE

looking to rebuy $50 region

HTF trend + Previous Range Highs flipped into support

[Dom @traderview2]

Over the last week, $BTC aggregated spot flow momentum hit its lowest reading since the FTX crash

The rate and intensity of that selling has not been seen in nearly 4 years

It was also the largest "coins exchanging hands" events we have seen in years

This one, "Momentum Pulse", is based on months of research and one of many tools that I've been building to better read order flow

[Aporia @0xaporia]

bear market tings

[Chase @Crypto_Chase]

Potential good entries coming..

Interested in $ES low 7200’s, $INTC high 80’s $MU 800ish

[Magus @TraderMagus]

Market Outlook June 8th

-Macro BTC
-BTC bottom now
-What's next for BTC?
-Summer time view
-Q3 soon

Give a blue thing a like

https://t.co/FqUJY1wMOE

[Pierre @pierre_crypt0]

$BTC - D1

D1 downtrend @ ~66-70.

Wide gap between D1 13 EMA && D1 32 EMA, which makes sense considering how violent move from 80 to 60 has been.

Even if we're back at range lows, D1 downtrend break remains the only focus and trigger for me to stop touching grass.