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1/ Are we observing the first of many $UNI- $SUSHI flippening?
High tides lift all boats - Volatile markets are good for generating fees for all bonding AMMs.
However, looking deeper shows several funda metrics flippening towards $SUSHI vs $UNI.
I list 6.
Let me share.
Uniswap top 10. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of stablecoins, or you did not cared enough to try. Supply contractions are mathematically impossible in this new paradigm. So are -ve rebases and all else
Weekly RSI above 80, which happened 7 times in the last 5 years. TD8 as well. Short-term correction usually follows. Long-term we are still early according to MACD and MA spread. #Bitcoin#ethereum $btc $eth
The run on #BTC has been rather healthy with low leverage.
There is not a lot of euphoria and retail flows are missing.
Donโt think retail is going to enter the market before we breach 20K on $BTC
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