ChainAlpha

Analyst on crypto fundamentals, on-chain, and macroeconomics 🧐 | 🦇🔊💸 | Not Financial Advice

[ChainAlpha @TheChainAlpha]

@optimismFND is pulling ahead of @arbitrum

Number of transactions per day has been correlated over the past few months, but diverged in December

Bullish for $OP?

[ChainAlpha @TheChainAlpha]

I sense one (or a few) more dominos to fall as a result of the FTX collapse

Have cash ready because the bottom may be in the next 3-6 months

[ChainAlpha @TheChainAlpha]

@scottmelker Can’t believe this news was last year. Wild story but completely forgotten

[ChainAlpha @TheChainAlpha]

@fintechfrank First they ignore you, then laugh at you, then…

[ChainAlpha @TheChainAlpha]

Ryan Selkis, one of the most important voices in crypto, just got suspended

This is alarming, I hope this is a mistake.

[ChainAlpha @TheChainAlpha]

@CryptoWendyO Those were the days 😎

[ChainAlpha @TheChainAlpha]

@ShardiB2 My friend switched for this same reason

Videos sent were grainy, couldn't Facetime, made fun of for the "green text"

[ChainAlpha @TheChainAlpha]

#Bitcoin MVRV Z-Score in the green zone, signaling a buying opportunity similar to October 2011, January 2015 and November 2018

It may stay in this range for a while, but looks like a generational opportunity

[ChainAlpha @TheChainAlpha]

@cyounessi1 The good part is demographics are shifting towards crypto

Gen Z is native to crypto and prefer to invest over stocks

[ChainAlpha @TheChainAlpha]

source: https://t.co/DReRNcWYbx

[ChainAlpha @TheChainAlpha]

Solana seeing an uptick in Active Addresses since the FTX collapse 📈

Will be watching this metric to see if it continues

[ChainAlpha @TheChainAlpha]

The spread between the US 10 Year and US 3 Month bonds has never been this negative

The last time they went deeply negative was 2000 and 2007

Brace for turbulence

[ChainAlpha @TheChainAlpha]

@dcinvestor What do you think is the next trend when the bull starts?

My prediction is gaming or utility NFTs but wanted to hear your thoughts

[ChainAlpha @TheChainAlpha]

@bitcoinarchive The wallet wars have begun..

[ChainAlpha @TheChainAlpha]

@dcinvestor Lots of leverage and greed was flushed out of crypto this year

IMO it's healthy for the market. It's a catalyst for regulatory clarity

Clarity builds a foundation to continue higher

[ChainAlpha @TheChainAlpha]

@ethernaz Will be interesting to see if volumes hold up if the market makes a new low

The NFT community is strong

[ChainAlpha @TheChainAlpha]

@dunleavy89 Impressive. Would have expected usage to drop Post-FTX collapse

Will be keeping on eye on Solana 👀

[ChainAlpha @TheChainAlpha]

Great to see @TheSandboxGame continuing to build during the bear market

Reminds me early days of Roblox

Bullish on user-generated content 📈

[The Sandbox @TheSandboxGame]

A first glimpse into 𝐆𝐚𝐦𝐞 𝐌𝐚𝐤𝐞𝐫 𝟎.𝟖… 👀

🎮 New multiplayer gameplay features
🔦 New lighting & visual effect features
🚨 Video & audio streaming
⚔️ Equipment & wearable support in social hubs

Coming soon!

Deeper dive 👇🧵

[ChainAlpha @TheChainAlpha]

@danheld Crazy how they lost that much money while trading against their own users

[ChainAlpha @TheChainAlpha]

Bitcoin and crypto has a strong chance to make a new low in 2023, but I think it'll be the final capitulation

Catalysts like Genesis bankruptcy and Mt Gox unlock may cause this

Regulation will come from the FTX collapse. When we have clarity, crypto will build a bottom