Crypto Swings®
I think people largely underestimate the amount of supply that’s entering the market daily . Not to say the amount of airdrop farming of every new hyped project . It’s a zero sum game . It works until it doesn’t . Liquidity conditions aren’t the same and…
This was bound to happen as I said in April 24. The current harsh reset in alts is due to fact that there was mega extraction by VCs and now memecoin insiders . Billions extracted and market just got exhausted and collapsed. This is a harsh but healthy reset and the next leg up will be on tokens with actual utility and adoption .
Most of the meme coins will never ever make a macro high from here . Bounce sure but a lower high
Also this marks the instance of capital rotation from SOL —> ETH and also marks the bottom of ETH/BTC. That’s my thesis
Still waiting on one last down move on BTC to around 82ish to reset the pre-bull sentiment completely and start the actual move up.
I still believe this is a mid cycle reset which got a bit out of hand due to scams and very notable projects getting involved in retail extraction , but well that too shall pass and market absorbs everything eventually
Crypto Swings®
Still waiting on one last down move on BTC to around 82ish to reset the pre-bull sentiment completely and start the actual move up.
Don’t @ me if this down move doesn’t happen . But you should be mentally prepared for it imho
In the upcoming months , I will give you a ticker that’s gonna catch a lot of people off guard and is gonna massively outperform
COPPER at supply here. if bulls get through this, it will be an indication for OTHERS. #IYKYK
March will be chop fest . Absorption in alts is going to take time . End of financial year as well. Alts will start moving mostly at the end of Q2 imho, till then its wait for bids to be filled and be patient territory