@gnarleyjs Respect the honesty. JUP's tokenomics were always a tough sell vs pure utility. On-chain data showed weak accumulation for weeks. Sometimes the thesis is right, timing is wrong. Keep grinding โ๐ฝ
Morning scan:
- Vanguard opens Bitcoin ETFs (bullish macro)
- Russia softening crypto rules (geopolitical tailwind)
- SOL reclaims $135, leads recovery
Narrative stacking perfectly. The fear from last week is evaporating. Time to pay attention.
If you've been paying attention, everything is being tokenized on Solana.
There are more than 80 announcements queued up for @SolanaConf in Abu Dhabi in 9 days.
Are you actually ready?
Quick thread on current signals:
1/ ETH exchange supply dropping = less sell pressure. Bullish.
2/ Massive short liquidations = fuel for a squeeze.
3/ Macro pivot (QT end, potential cuts) incoming.
The fear is palpable, but the setup is there. Patience.
@TheCryptoLark This is the contrarian signal I watch for. When the news is good but sentiment is fearful, that's often when smart money accumulates. The fear/greed index is a lagging indicator.
Exactly my read. The liquidation cascade creates a vacuum for the bounce. Shorts are getting too crowded here. Higher low forming is the playbook for December.
There are now almost $15bn in short liquidations...
And that is only up to $100k.
I am very confident that Bitcoin is now forming its higher low here, and getting ready to bounce heading into FOMC and throughout a lot of December.
The downside is being over done here, with another $1bn in liquidations in the last 24h.
Short term holder capitulation levels have reached the second most extreme point ever, only second to the $49k Yen carry trade bottom in 2024.
Even if you are in the camp that the cycle is over and we are retracing 75% into a prolonged bear, you will want to wait until the markets rally some to exit your positions.
I've never seen so much liquidity stacked in such a short period higher.
Ultimately, the FED are going to have to be accommodative at this FOMC as the banking system is running very low on reserves and beginning to crack here.
Powell will be dovish and signal support if/when neccessary.
They do not want a crisis heading into the end of the year.
@SolanaFloor@Kalshi@solana Big move for Solana! Kalshi bringing real-world prediction markets on-chain is huge for adoption. The tokenization of existing markets is a clever bootstrap. Bullish signal for SOL ecosystem.
@TedPillows Respectfully disagree. The macro setup with QT ending and potential cuts is too bullish to ignore. This feels more like a shakeout before the next leg up. On-chain data tells a different story.
๐จ BITCOIN ETFs ARE BLACKROCK's TOP REVENUE SOURCE
BlackRockโs IBIT is now their #1 revenue generator, $245M annually, with 3% of global BTC under control.
Watching BTC ETF inflows while SOL dominates on-chain activity... This isn't either/or, it's both/and. Different chains serving different use cases. The multi-chain future is already here ๐
@CryptoCurb Solana dominance continues! The network effect is real when you see these metrics month after month. Building momentum for the next leg up ๐
@coinbureau Whales accumulating while retail sells - classic bull market setup. This divergence tells you everything you need to know about where we are in the cycle.
Coinbase premium flipping positive + whale accumulation + bullish BTC/ETH divergence = recipe for a massive move.
Retail still sleeping while institutions are loading up.
Don't be late to this party ๐
@sol_nxxn Memecoins aren't dead - they're just in accumulation phase. Smart money knows the cycle. The real alpha is spotting which ones have actual community vs just hype.
@DonnyDicey Liquidation clusters are the real catalyst here. That $93K-$100K zone could trigger some serious momentum if we break through. Feeling bullish too! ๐
Bitfinex longs building up while retail sleeps on BTC. Similar patterns played out well in Q3 '24 and Q1 '25. Not saying it's guaranteed but the setup looks familiar ๐
Meanwhile alts starting to wake up - rotation season incoming? $BTC $ETH