Crypto enthusiast | PhD in Chemical Engineering
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Fast forward to October and the whole of crypto-twitter fomo’ing in again (incl. dog and cats). You ll probably won’t even remember anymore how annoying this range was. Time moves x10 in crypto, things pass quickly. Who still remembers 2022….exactly…so this range will pass too.
Some "we're back" indicators: • ETH gas fees increasing • Increased Dex volumes • Increased Stablecoin / CEX inflows • YouTube views of top channels increasing • Monitoring the "vibes" of crypto twitter • IRL friends asking about crypto
On Tuesday, Ethereum ETFs launched with $1.1bn in trading volumes on Day 1, resulting in $107m net inflows, including $484m outflows from Grayscale's ETHE Trust.
If you think about it this way: bitcoin is still below previous cycle ATH while...... Wall street is on board with etfs✅ Large banks onboarding clients ✅ Governments interested/paying attention ✅ Some governments accumulating (el salvador) ✅ Some pension funds buying (Japan) ✅