Deez $nutzz CTO
AcrhXb2vdrQ8CuzHvd87P8eaw5rreWVcxwCJGjhoyYiF
Dev jeeted and we got dex update
Site https://t.co/fzXvIU4PzF
Tg: https://t.co/WXgH8jeyb6
To join, just go $nutZz 🥜🐿️
This guy isn’t here to play fair.
He’s here to extract every opportunity from the market.
The true story of Wintermute
And how every Binance launch turns into a nightmare for users. 🧵
(1/9)
Just a headsup to the crypto community.
This method of wallet drainer is coming more and more common now.
The fake safeguard.
When you try to join a TG group mostly the new memecoins that launched, simply they make a fake safeguard bot with different usernames which when you try to verify in order to join the TG group, it asks for your number and a code to verify.
This way they can easily log in to your TG and access you trading bots wallets.
Also may not always be related to the coin team itself, sometimes they update the dex screener of the coin with the fake TG link.
So now you’re gonna tell me that:
1. Bitcoin just experienced its first 33% correction of the bull run (two prior 20% + corrections). SOL corrected 45% (two prior 45% + corrections). ETH 38% (two prior corrections of 30% and 32%).
2. Funding rates have fully reset. Supply overhangs/forced sellers have largely liquidated (German Gov’t, Jump, Mt. Gox, FTX creditors, Grayscale BTC & ETH trusts).
Bitcoin MVRV down to 1.47. Long-term holders stepping back into the market (after taking profit Q2). Price firmly above 200WMA. Miner capitulation slowing.
3. Sentiment flipped to fearful. Alts hated. Especially ETH. Pitch forks out for @bankless. *Counterintuitive, but this is necessary for the next move up (people need to be caught offsite, under-allocated).
4. Business cycle is bottoming, not peaking (ISM below 50).
5. Fed expected to cut in September and into next year as unemployment creeps up (now 4.3%) and inflation drops (1.4% per Truflation).
6. Bank of Japan just took their finger off the trigger (no more rate hikes).
7. US Treasury running 6% budget deficit on the fiscal side during an election year.
8. Crypto becoming an election issue. Trump announced support for a strategic Bitcoin reserve (bill proposed by Senator Lummis) — forcing other countries to take the asset seriously (game theory).
9. Major wealth managers now selling BTC and ETH to their clients via new ETF products. *Both assets have historically improved risk-adjusted returns when added as a small allocation to a well-diversified portfolio. The market is still relatively small. Not a hard sell.
10. CeFi firms that contributed to overleverage last cycle such as BlockFi, Genesis, and Celsius have been removed from the market. No Terra/Luna or other systemic risk (comment if you know of any).
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But seriously. You’re gonna tell me all that? And you want me to be bearish?
Set-up feels similar to Sept./Oct. 2020 after Paul Tudor Jones called Bitcoin the “fastest horse” and Michael Saylor started buying BTC via Microstrategy balance sheet.
Who has a contrarian take?
Data: Monthly Active Users on public blockchains & apps via @tokenterminal