Crazy volatility on Bitcoin today, and both sides got cooked.
Bitcoin pumped +$1,700 after PCE dropped to a 6-month low, liquidating $60 million in shorts in just 15 minutes.
Then BTC dumped -$2,200 to $83.8k in 60 minutes, liquidating $56 million in longs.
Bitcoin’s monthly candle closes today, so it’s going to be a volatile fight between bulls and bears.
Bitcoin had four 30%+ dumps during its rally from $3.2K to $69K.
It had four 20%+ dips before it pumped from $15.6K to $126K.
And you think we'll go straight to $200K from here?
There'll be dips, but they are for buying before the next leg up.
Only 3 meme's have an ETF:
1. $DOGE $16b mcap
2. $PEPE $2b mcap
3. solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv $568 mcap
The cheapest and newest of the current three is tied to one of the largest marketing brands found in every brick and mortar retailer as a physical representation of the token - doing 8 figures in sales
1y of accumulation for the most potent IP in crypto history
When risk turns back on, solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv is a staple
When NFT's turn back on, Pudgys will shine
Pengu is the DOGE of this cycle
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Así que vuelves a AliExpress, lo metes al carrito y se te queda en 12€.
Por 3€, se lo compras a Amazon
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i still think the rotation from majors into onchain is one of the clearest patterns to watch
- majors move first as capital goes risk-on
- stables sitting onchain start looking for higher-beta opportunities
- limited supply of quality coins can make repricing happen fast
- $ANSEM, CASHCAT and Pons were early examples of that rotation
- launchpads + memes are still attracting capital
i also expect Solana to have its own answer as Robinhood’s onchain ecosystem grow
📍🇮🇷🇵🇸 NEW:
Pezeshkian: “When I took office, they assassinated Ismail Haniyeh in Tehran. More than 80,000 innocent people have been massacred in Gaza. They are carrying out genocide using technology.”
This is absolutely insane.
If you invested $1,000 in Nike in 2013, you'd have $1,390 today.
If you invested the same $1,000 in $BTC that same year, you'd have $6 MILLION today.