Keep wide eyes open for $KERNEL | CipherX on Binance Square

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Keep wide eyes open for $KERNEL 

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KERNEL

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Ethereum netflows are skyrocketing. In the past month alone, ETH has recorded $4.9B in netflows. This clearly shows that liquidity is entering into Ethereum, and on-chain activity is rising. At this point, a price pump loos inevitable.

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$ETH has reclaimed its multi-year support trendline. It had a fakeout last week, but bulls pushed another close above it. Now, I'm looking for a sustained uptrend given global assets are hitting new highs. $3K ETH by mid-July and $4K ETH by Q3 end. Is it too much to ask for?

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Options Expiry Alert 🚨 $17.3 billion in BTC and ETH options will expire today. $15 billion worth of BTC options with a max pain at $102,000 will expire today. $2.3 billion worth of ETH option with a max pain at $2,200 will expire today. I think this is the reason BTC and ETH have been consolidating. Once this happens, they'll catch-up with the stock market.

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M2 supply and BTC chart is broken. It's all over for BTC. This is what bears have been saying for days now. But to me, the M2 supply and BTC correlation looks perfect. There was a dip in M2 supply too, and BTC dumped. Now, M2 supply and BTC is showing an upside move and it's happening. $120K BTC is coming sooner than expected.

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Time to LONG $KERNEL 👀

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