Crypto Flywheel 🛞

Mapping the momentum behind crypto.

[Immortal 💥 @BitImmortal]

First time in 5 years

BTC supply in profit: 54%

ETH supply in profit: 37%

Most holders are sitting on losses

[Immortal 💥 @BitImmortal]

feels like we're already sitting in one of the best risk/reward zones in years

alts are so cheap rn it's hard to imagine another 50% down in many of them

but if btc nukes and alts get cut in half again

that's a gift

[Immortal 💥 @BitImmortal]

largest ethereum holder is down bad

sitting on $9B unrealized loss

portfolio down almost 50%

[Immortal 💥 @BitImmortal]

Ethereum chain revenue has completely collapsed

from $1.5B month at 2021 peak

to just $5M today

[Immortal 💥 @BitImmortal]

While most of DeFi is struggling now

$ONDO just hit a new ATH in TVL

[Immortal 💥 @BitImmortal]

.@1inch lost the DEX aggregator market

its market share dropped 66% to 11%

@KyberNetwork now leads with 36%

[Immortal 💥 @BitImmortal]

Privacy is becoming the biggest opportunity in crypto

people still think privacy = anonymous transactions

they’re missing the bigger shift ▼

AI is creating massive demand for private computation, this market could reach over $50B by 2034

the new privacy stack is being built around:
- TEEs
- FHE
- zkML
- confidential AI
- encrypted computation
- private agents
- verifiable offchain compute

projects already building in this direction:
@PhalaNetwork @OasisProtocol @SecretNetwork @NEARProtocol @mindnetwork_xyz @aztecnetwork @MinaProtocol @Zcash @nillion @gensynai

[Immortal 💥 @BitImmortal]

I just vibe coded a tool based on BTC dominance + market cycles

https://t.co/OpvXKjhDi1

- 4 inputs
- 72 deterministic states
- tells you where we are in the cycle

still early experiment. Improving it every day

all thanks to @Param_eth for helping shape this 🫡

[Immortal 💥 @BitImmortal]

ethereum pushing 2.5M txs a day

cheapest fees in years

no one cares about L2 anymore

[Immortal 💥 @BitImmortal]

BTC D stuck in a tight range for months

BB squeeze confirmed

A big move is coming ⌛️

[Immortal 💥 @BitImmortal]

Mar 2024:

BTC $68000
ETH $3900

Feb 2026:

BTC $67600
ETH $1950

[Immortal 💥 @BitImmortal]

been in crypto for years

never seen this much sadness

feels like everyone got trapped

[Immortal 💥 @BitImmortal]

same vibes as 2020

alts down 90%

everyone is laughing again

[Immortal 💥 @BitImmortal]

Something big is happening on Ethereum

- active addresses all time high
- staked ETH all time high
- new addresses all time high
- daily transactions all time high

[Immortal 💥 @BitImmortal]

One year ago:

$BTC $101K
$ETH $3.2K

Today?
BTC looks fine
ETH looks fine

Alts got absolutely nuked.

Top 100 alts: then vs now

$SOL 250 → 140
$LINK 24 → 13
$SUI 4.5 → 1.8
$AVAX 35 → 14
$TON 4.8 → 1.7
$DOT 6.2 → 2.2
$UNI 13 → 5.3
$NEAR 5 → 1.7
$APT 8.5 → 1.8
$ENA 0.85 → 0.21
$ARB 0.70 → 0.21
$ATOM 5.8 → 2.5
$TIA 4.6 → 0.56
$OP 1.7 → 0.33
$S 0.56 → 0.08
$STRK 0.39 → 0.083

[Immortal 💥 @BitImmortal]

$223M hack and @CetusProtocol is still printing big metrics.

- $27.5M FDV

- $54.5M TVL

- $11.28M annualized fees

- $2.26M revenue

- $2.10B DEX volume (30D)

- $4.03B aggregator volume (30D)

$Cetus is now a top-5 aggregator with $4B monthly volume.

[Immortal 💥 @BitImmortal]

Babylon Protocol’s valuation doesn’t match its fundamentals at all.

> $5.93B TVL
> $196M FDV
> total raised: $103M
> TVL-to-FDV ratio: 30x
> DeFi TVL holding strong
> recently raised $15M from a16z

$BABY is the only BTC DeFi protocol still holding multi-billion TVL without a major drop.

[Immortal 💥 @BitImmortal]

look what changed in just 2 years:

- gold out of hand

- silver out of hand

- bitcoin $100K

- stocks all time high

- real estate up

- energy up

the only thing that didn’t move?
altcoins 🥲

[Immortal 💥 @BitImmortal]

.@Celo weekly active addresses are now over 1M

$CELO

[Immortal 💥 @BitImmortal]

> be @monero $XMR
> launched in 2014
> no VC, no premine, no marketing
> hunted by regulators
> delisted from 70+ exchanges
> surviving every attack
> devs never stopped shipping
> still pushing toward ATH
> sitting in the top 10 alts
> total gain: 273,900%