Is Crypto Logic Officially Dead?
Crypto is exhausting. Neither fundamentals nor macro work anymore. It’s all about market makers and manipulation.
Look at the facts: 🔹 MicroStrategy: Risk of index exclusion cleared (major bullish news) ➡️ Price drops immediately. Fundamental analysis has left the chat. 🔹 Macro: S&P 500 & Gold hit new ATHs every month. Gold outperformed BTC since 2024! 🔹 BTC: Down ~30% from ATH, while stocks are mooning. Every breakout is a fakeout.
Economists call randomness a "fair market," but for traders, it’s just a trap. Watching $90k closely, but after the $93k fail, levels mean nothing.
Is it time to admit we're just trading in a casino? 🎰
#Bitcoin #MSTR #S&P500 #CryptoMarket #TradingThoughts
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My bet on $Aero and $Mamo
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Bitcoin: Making Portfolios Great Again!
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Top casts
Everything will be decided this month!
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🫡 ALTSEASON. Read.
>>> “When will altseason happen?!”
Most top altcoin founders have a lot of BTC & ETH. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.
The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.
The bottom chart is DXY, meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.
Remember, the end of 2025 - the end of the bull market.
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Diamond hands only!
Let the paper hands do their job while we HOLD!
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Key Industry News 🌏
-Hong Kong Stock Exchange is launching indices for Bitcoin and Ethereum.
-A partner at DWF Labs was accused of misconduct.
-Canary has applied to launch a Solana ETF.
-MicroStrategy plans to raise $42 billion over three years.
-Franklin Templeton launched a tokenized fund FOBXX on Base.
-Coinbase announced a $1 billion share buyback.
-Tether will launch a dirham-pegged stablecoin on TON.
-Paxos introduced a new regulated stablecoin, USDG.
-Immutable received a Wells notice from the SEC.
-21Shares filed for an XRP ETF.
-Kraken laid off 15% of its staff, and Reddit sold part of its crypto assets.
Interesting Project Updates 🌐
-Swell Network is migrating to Optimism.
-World Liberty Finance (a project linked to Trump) plans to issue its own stablecoin.
-Stacks released the Nakamoto update.
-Optimism Foundation will grant Kraken 20 million $OP to launch its Ink solution.
-dYdX cut 35% of its team, and Consensys laid off 20%.
-Zeta Blockchain experienced block production failures.