cookz

[MilliΞ @llamaonthebrink]

The chart unfortunately paints a much different picture than the caption.

That chart depicts a steady decline in onchain activity ($ wise) since 2021, supported by alt metrics like google trends which also show a decline in crypto interest over that same timeframe.

If you look closely, Ethereum’s share of activity was in a down trend until 2025, but since then has stabilized and is now regaining dominance, albeit at snail’s pace.

Hyperliquid fees shouldn’t be conflated with general purpose onchain activity as all of their revenue comes from perps trading.

I bet if we had better insight into bybit, or binance, or bitmex, or any other CEX we’d see that it’s their revenue being cannibalized rather general purposes block space.

Look I get it.

ETH has been underperforming BTC quite a bit.

I don’t like it. You don’t like it. Vitalik doesn’t like it. The EF doesn’t like it.

I think the reason Ethereum is the target of these hit pieces is that it has a large and active community and poking at it sparks engagement.

(The very same chart illustrates an even steeper decline in Solana market share over a shorter timeframe, but makes no mention of that)

I also think VCs and funds are incentivized to poke at Ethereum because they see blockchains as inevitable, and think that there’s enormous upside in capturing capital rotations out of ETH and into their bags.

This gives even more fuel for hit pieces in Eth.

What they miss is that Ethereum development has not been losing market share.

Alt L1s are not a new phenomenon, they’ve been around since before ETH. And even in 2021, there was no shortage of them.

What these VCs and hit pieces don’t understand by spinning narratives is that activity as a whole has been declining.

Painting Eth in a negative light is just a red herring for the fact that most of the industry is struggling.

Bitcoin is seeing supply centralization and mining consolidation in a way that is completely unprecedented in its short history.

Solana engineered a social narrative that lead to massive amounts of extraction from retail to its own and the rest of the industry’s detriment.

Binance/BNB has and continues to engage in some of the most manipulative and corrupt practices in crypto, and these hit pieces actually credit them for their wash-trading sourced revenue!

Tron is widely known to have onchain activity of questionable provenance, and largely serves as a sandbox for Tether.

Hyperliquid is the new shiny thing that’s making holders money so all its sins are washed, but everyone is forgetting that the chain is literally closed source.

I’m not telling you to buy ETH. You can invest how you want.

But ETH’s price action is probably the strongest signal of genuine crypto interest.

Its decline means that interest in crypto more broadly is in decline.

The chart below illustrates that fact more than anything else.

And spinning anti-ETH narratives is just a projection that crypto simply isn’t capturing mind share or capital flows the way it did.

“Ethereum losing to competitors” isn’t the story here.

The story is that capital is largely expensive as result of high glob interest rates, and what liquidity is available is being funnelled into Sam Altman’s and Dario’s quests to build god.

But there are exceptions.

It’s not all doom and gloom.

Prediction markets are an exception. Equity/commodity perps are an exception.

And amazingly, in a massive breath of fresh air, onchain privacy solutions are an exception.

Interestingly, the top prediction market, the top perp-DEX, and almost all of the privacy solutions are either built on Ethereum, built adjacent to Ethereum, or adopt Ethereum tech.

But we don’t see that in any of the headlines do we?

[cookz @burntbubba]

@Tradermayne What’s so messed up is that young people are trying to build a life, finally making decent money, and then getting crushed by taxes while the government devalues the currency and still fails to fix the homelessness and drug crises. So sickening.

[cookz @burntbubba]

@Crowded_Mkt_Rpt Lyn Alden

[cookz @burntbubba]

In hindsight Ozempic will probably end up marking the longterm top for cheap and abundant food in north America

[Jebus @Jebus]

As soon as you accept that basically everything this space has released is subpar trash you no longer need a book long tweet to explain why we have tended towards basic financial use cases

Ultimately the answer is successful things that end up coming out of crypto will be conceptually new things that can’t be done without crypto

Things like tokenized securities are putting newspapers online

Sure, it’s cool, but it’s not *the thing*

Social media was *the thing*

There has been almost no attempt at producing the new thing

[cookz @burntbubba]

Are these people even real? Unbelievable levels of cope if so. Smh.

[Ashot Gabrelyanov @gabrelyanov]

I’m down over $600,000 on my $BMNR position.

Seems Monday could be even worse.

Do I panic?

Hell no.

I’ve been here before.

I survived the Covid crash and walked away with 300%+ gains.

I can’t tell you where the market will be on Monday.

I know this: $BMNR above $100 by year end.

[cookz @burntbubba]

@Crowded_Mkt_Rpt @KobeissiLetter 😂

[cookz @burntbubba]

Why are $MSTR and $GME the greenest stocks on my watchlist today? Surely they must be the best companies in the American market?

[fejau @fejau_inc]

The reason gold is ripping and btc isn’t is because the debasement trade is more vibes and the real marginal mover here is china capital flight and Chinese aren’t interested in Bitcoin aka the American trump coin

Thank you for coming to my ted talk

[cookz @burntbubba]

@EmpressRoyalty_ If i was there i would ask one question: Why does your stock trade like sh!t ??

[cookz @burntbubba]

Never lock coins. EVER. This guy is full of shit tbh.

[CrediBULL Crypto @CredibleCrypto]

It really is.

$CVX has over 40% of its total supply locked (for at least 4 months) while $CRV has over 37% of its total circulating supply locked (for at least 4 years, with most being locked indefinitely).

There are very few coins in this space with this level of total supply locked/off market and even fewer that have this amount of supply locked WHILE paying a solid yield.

In the next 24-48 hours I will share a comprehensive tutorial on how to lock your $CVX (in 4 month increments) and earn 20-30% APR while you wait for price to 10x+.

[cookz @burntbubba]

I mean apy

[cookz @burntbubba]

Guh.. bro has big cvx bags. Its all kinda shit let's be real, if you want over 5-7% apr there is serious risk in some various forms.

[CrediBULL Crypto @CredibleCrypto]

Uhhh literally $CVX.

Token holders have been paid over 30% APR over the last year and have been earning similar yield over the last 4 years (since inception).

Not to mention at current price levels odds are high your initial capital investment will be worth multiples from price appreciation of the $CVX token alone when you are ready to pull out again.

Will be releasing a full, comprehensive tutorial on exactly how to set this all up in the next 24-48 hours for those that are interested.

[L2WTrades @L2WTrades]

I talked to 10+ full-time traders making $200k+ per year

asked them all the same question: "what's the biggest lie in trading?"

31 of them gave the same answer

it's the opposite of what every guru teaches

here's what they said:

THE QUESTION:
"what's one thing every beginner believes that's completely wrong?"

THE ANSWER (from 31 of 34):
"that you need to predict where price is going"

I thought they were fucking with me

"isn't that literally what trading is?"

TRADER 1 ($340k/year):
"I have no idea where price is going. ever. I react to what happens. prediction is for weather men and psychics."

TRADER 2 ($780k/year):
"my entire system is built on NOT knowing. I enter. if it works, I stay. if it doesn't, I leave. there's no prediction involved."

TRADER 3 ($210k/year):
"prediction is ego. reaction is money. I stopped trying to be right about direction 6 years ago. that's when I became profitable."

I pushed back:

"but you're entering trades. you must think price will go somewhere."

TRADER 4 ($420k/year):
"I think price MIGHT go somewhere. big difference. my edge isn't prediction accuracy. my edge is what I do when I'm wrong."

"explain that"

"when retail traders are wrong, they hope. when I'm wrong, I'm out instantly. when retail traders are right, they take profit. when I'm right, I add size."

"same entries as everyone else. opposite management."

THE FRAMEWORK:

these traders operate on what they called REACTIVE TRADING:

PREDICTIVE TRADING (what you do):
- analyze → predict → enter → hope → exit

REACTIVE TRADING (what they do):
- enter → observe → react → adjust → extract

"we're not fortune tellers. we're response specialists."

TRADER 5 ($290k/year):
"I enter trades expecting to be wrong. sounds insane but it removes all the pressure. if I expect to lose, I cut fast. if I happen to win, it's a bonus I maximize."

TRADER 6 ($510k/year):
"prediction creates attachment. I predicted UP so I NEED it to go up. now I'm holding a loser hoping. reaction creates detachment. I don't care which way. I just respond."

THE STATS:

asked them to estimate how often their "predictions" are right:

- average answer: 48-52%
- basically a coin flip

"so you're profitable with coin flip accuracy?"

"bro some of the best traders I know are right 42% of the time. it literally doesn't matter."

THE REFRAME:

TRADER 7 ($630k/year):
"stop asking 'where is price going.' start asking 'what will I do if price does X.'"

"the first question has no answer. the second question is entirely in your control."

"I have plans for every scenario. price up? plan. price down? plan. price sideways? plan. I don't need to predict because I've already decided my response."

HOW TO SWITCH:

step 1: delete the word "predict" from your vocabulary
step 2: before every trade, write: "if wrong, I will ___"
step 3: before every trade, write: "if right, I will ___"
step 4: execute those plans regardless of what you "think"

"thinking is for analysts. doing is for traders."

THE TRUTH:

the gurus sell prediction

"learn to read the market"
"spot reversals before they happen"
"know where price is going"

because prediction sounds VALUABLE

reaction sounds BORING

but boring makes money

every profitable trader I interviewed:
- doesn't try to predict
- expects to be wrong often
- has bulletproof reactions ready
- doesn't give a fuck about accuracy

every struggling trader:
- obsesses over prediction
- needs to be right
- has no plan for being wrong
- tracks win rate like it matters

stop predicting
start reacting

Dm me "EDGE" if you want access to my private community where I break down reactive trading systems.

[cookz @burntbubba]

https://t.co/qTAWrAYBd0

#BASEPOSTING

[cookz @burntbubba]

Everyone seems to think this. But it doesn't seemed to be based in anything real or am I missing something??

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

Silver just hit yet another ATH today at a $4.365 trillion market cap

in other words:

Silver is currently worth 50.5% more than the total crypto market cap

and 150.7% more than $BTC

i'm not sure about you, but i do not think Silver should be worth 150.7% more than BTC

BTC (and all of crypto) is obviously crazy undervalued at this point

in addition:

Silver was mostly dormant while Gold had a monster rally over the past two years

it is now playing catch-up as gold cools down

soon, both silver and gold will cool down while BTC and crypto go parabolic

[cookz @burntbubba]

If i get liquidated so be it

[cookz @burntbubba]

Im so fucking bearish on crypto prices right now

[cookz @burntbubba]

Yo @SNX_Exchange how is it that trading fake money makes everyone a genius? Ive never seen this many green pnls for 1 week of trading it's totally insane. 🤯

[cookz @burntbubba]

I need to thank @SNX_Exchange for including me in their competition. I have never gone from up 6 figs to down 6 figs in under an hour and it's very exhilarating.