@pigeontrade mint my OG NFT
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One more Extended post for my Farcaster fam Ex-Revolut team is building it. Ruslan (CEO of Extended) is the guy who brought crypto to Revolut initially. Revolut is building its own chain. Who do you think will be the perp dex for the Revolut chain? Connect the dots. Shouldn't be too hard 😜 Revolut X app is a standalone spot exchange built by one of the Extended team members confirmed by Ruslan the CEO The picture below shows daily volume on Extended. Looks healthy right? If you need a ref code for a 10% boost, I got you: https://app.extended.exchange/join/GEDJA
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Why is Bitcoin not following stocks or other risk assets and moving up? Jordi Visser wrote a great Substack on the topic. I'm going to summarize it a bit for you 5-second attention span degens Key takeaway: This isn’t the end of Bitcoin. It’s not even the beginning of the end. It’s the end of the beginning. ✅ Key ideas 1. Silent IPO metaphor -Visser argues that Bitcoin is undergoing what resembles a public-company IPO phase: early holders (founders, “OG” investors) are gradually distributing their holdings to new holders. -As in an IPO lock-up expiry, you often see sideways / consolidating price behavior rather than sharp collapse or immediate breakout. -He says: “The sellers aren’t selling because they’ve lost faith. They’re selling because they’ve won.” 2. Consolidation ≠ collapse -Despite a sometimes flat price and poor sentiment (people wondering why BTC isn’t “pumping with risk assets”), the fundamentals are argued to be strong: institutional flows, network hash-rate, ETF approvals (in jurisdictions that allow them) are healthy. -On-chain data shows coins that were dormant (held by early adopters) are now moving/being distributed. This suggests active ownership change rather than panic selling. 3. Implications for maturity and future dynamics -As ownership becomes more distributed (less concentration among early holders), Bitcoin is argued to mature: volatility may decline, the asset may transition from “experiment” to more institutional grade. -For now, this process takes time; expect continued consolidation, potentially divergent behavior from other risk assets (e.g., stocks) for a while
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