More than half of all $BTC in circulation is now held at an unrealized loss.
10.5M BTC are underwater. Only 9.8M are in profit.
This crossover has coincided with every major bear market bottom in history.
BTC also just touched its 200-week moving average at $61,300, a level reached in every previous bear market cycle, though it broke below it for 9 months in 2022.
If $60k breaks, the next support is $54,000, the average cost basis of every coin in circulation.
History says we're near a bottom. History also says "near" can take a while.
$BTC WEEKLY
Bitcoin has officially revisited the 200 MA after breaking down from the 50 MA. It has risen from $55K when I first posted this to $62K.
It has only traded below it for one stretch in history - June 2022 to March 2023.
Every other cycle, this was the bottom.
🔥 Over $240,000 of $INJ has been removed from circulation with the conclusion of the May Community BuyBack
Thanks to all the ninjas that participated. Head over to the Injective Hub to claim your rewards!
Stay tuned for next month, you won't want to miss it 🥷
0.6 seconds.
That's Injective's finality time, and most people in L1 debates don't look at this chart.
Solana's at 13 seconds, Ethereum needs 13 minutes to finalize, and Bitcoin? An hour.
Injective's already crossed 1.4 billion on-chain transactions at under a cent each.
Native EVM was launched back in November, USDC from Circle became native onchain, and Canary Capital created a staked INJ ETF. Finally, Bitnomial launched INJ futures contracts on a regulated CFTC exchange, and this marks a serious step toward launching a spot product.
That's a lot of activity in a brief period of time.
And Pineapple Financial is adding INJ into its corporate treasury, the first public company to do so.
The infrastructure story doesn't often move markets at first, but once the market begins pricing in 0.6-second finality with sub-cent fees and MultiVMs, you've been playing catch-up.
Not necessarily undervalued, but the technical case is there and it's not hidden.
Roughly 104 million blocks produced.
@injective
Trade volume, revenue, and user activity are growing.
The bRUNE cap has been increased, liquidity is expanding, and CCL is helping capital work more efficiently in market making.
Brick by brick, we are shaping the future of omnichain DeFi.
Could happen
Indicators that it will?
Notice despite @RujiraNetwork distributing $RUJI staking rewards for weeks now, the pending distribution has consistently stayed above $70k
How?
The app layer simply generates more fees than it's current distribution rate
Arbs starting to 🧑🍳🍳
That's over $900k annualized for @RujiraNetwork $RUJI stakers with 75% dedicated to buying back $RUJI 💰💰💰🤯
Name another protocol that has 3/4 of real revenue (0 inflation) going towards buy backs... I dare you
Are you a user of...
- Aave
- Morpho
- SparkLend / Spark
- Maple Finance
Come deposit $USDC on @RujiraNetwork to earn 7.65% APR right now 🔥
Vault utilization at 85%+ and rates are climbing with real borrow demand
No wrapping. No bridging. Native assets only.
Come get that sweet yield → https://t.co/JEMCU0EAK8
Lend on Rujira! 👇
Solana is an underwater beachball.
This year, the eco will deliver on all its promises and more.
AI, ICM, perps, privacy, predictions, options, collectibles, RWAs, memes, DeFi, stables, commodities, quantum, IBRL.
No slices. We fight for the entire pie.
⭕️Here’s why $RENDER isn’t stopping at $2.⭕️💯🚀
We’re sitting at ~$1.95 with momentum building and this is the setup:
• AI workloads already ~40% of network activity and exploding
• Just onboarded 60,000+ consumer GPUs via Salad proposal → massive supply ramp + real demand
• Token burns hitting hard (1.24M+ RENDER already torched)
• OTOY Studio + new Splat tool + Octane 2027 beta all burning $RENDER while powering 1000s of AI models on consumer hardware
This isn’t hype. It’s decentralized GPU compute meeting the biggest AI compute shortage in history. NVIDIA GTC tailwinds, DePIN season, and actual usage metrics are all aligning.
$2 is the launchpad, not the ceiling.
Next stop? $2.50 → $4+ > ATHs in this cycle.
We’re early. Load up or watch from the sidelines.
#CryptoAI #DePIN #AI #RenderNetwork 🤝🏻⭕️💯🚀
🚀 The most slept-on 2x in crypto right now: $RUJI
Last 10 days at @RujiraNetwork:
🛠️ Custom Concentrated Liquidity live on RUJI Trade — Uni v3-style framework, tighter spreads, way better capital efficiency
💰 bRUNE cap blown through — $2M filled in 48 hours
📱 @StationWallet relaunch today — co-acquired with @vultisig. Fully agentic, MPC threshold security, no seed phrase, 37+ chains including Terra/LUNC. Omnichain DeFi via the full $RUJI stack at launch.
The flywheel is locking in 🔄 Lending → Liquidations → Trade → Pools, all interconnected. Real fees → RUJI stakers (net of TC's share). No inflation. 100M hard cap tokenomics.
📈 Price: ~+100% over the past 2 weeks.
The chart is starting to notice. 👀
$RUJI Staking Rewards are now live on @RujiraNetwork.
$RUJI stakers are now receiving staking rewards powered by real protocol revenue.
Enjoy flexibility. Autocompound your rewards, claim in USDC, or automate(swapping/claiming).
If you are not staking yet, it’s not too late.
Read the full breakdown to get started
https://t.co/ZnV6JOtoRr
Not per se a launch, but the scaling of @RujiraNetwork and @THORChain in the next couple of months!
THORChain is working on adding Monero, Bittensor, and Zcash, on top of existing integrations like Bitcoin, XRP, Solana, Ethereum and other big chains. And we (Rujira) can offer native DeFi to all these chains.
We just launched Custom Concentrated Liquidity (an improved version of Uniswap’s CL) and will start internally arbitraging THORChain, which will bring in a lot of revenue and yield for LP'ers.
Money Market, fair, transparent liquidations, AMM, and a fully onchain orderbook are live. Means you can already lend stables against your native BTC, XRP, DOGE and more, or start earning with it by lending it out or set-up automated trading strategies.
Next up is another AMM Strategy, Dynamic Concentrated Liquidity (following the oracle price) and after that, Perps and our own decentralized stablecoin next.
All fully decentralized, open-source, and audited. Each product is integrated with the others to get the most out of it.
https://t.co/aUI4ZgQUv4
🚨 Market Health Watch: $RUJI
Rujira (RUJI) is showing real protocol activity as stakers are now receiving rewards from protocol revenue - with no inflation. That’s a strong signal for long-term holders and community confidence. 💪
But on the visible CEX side, the market still looks quiet compared to the fundamentals.
📊 24H CEX volume snapshot:
• MEXC RUJI/USDT: $4,110.47
• Kraken RUJI/USD: $2,856.24
• Kraken RUJI/EUR: $62.33
• CoinEx RUJI/USDT: $2,158.34
Total visible CEX volume: $9,187.38
For active projects, liquidity depth, spread control, and order-book activity matter as much as fundamentals.
Real revenue builds conviction.
Healthy liquidity builds trader confidence. 📈
RUJI stakers are now receiving staking rewards 🎉
Today marks another exciting day for the community, as the distribution of Rujira protocol revenue to RUJI stakers has started.
Real revenue and no inflation.
Here is why this is such a big step for RUJI stakers 👇