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alpha_pls
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BTC
is very close to putting in
ATH
weekly close.
And a lot of people still seem to be bearish.
#BTC
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BTC
103,405.82
-0.33%
6
0
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Remarkably consistent revenue. And this in a period where HL is still relatively immature. Just think where this is in a few years... And $HYPE holders can rest comfy knowing the protocol will continue to buyback the token with the majority of this increasing revenue. Truly an outlier protocol and token. Hyperliquid.
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10.5% APY on USDC (non speculative crypto yield) + points for being an early adopter - pools just went live again so this is time sensitive! $38M raised last year. Something actually new for DeFi users on Solana (I'm farming) 🧵
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Everyone should be extremely happy to see $ETH moving up. You can see just how much oxygen it gives the alt coin market, and creates a higher ceiling for other major L1s. The pivot to L1 scaling + Pectra has already improved the perceived value accrual of ETH by the market. Will need to see if the perceived improved value accrual from more activity on the L1 can show up in the hard data later down the road. Need to grow active addresses on the L1 again, and see revenue increase after being in a long term downtrend. There is a lot of activity that could move back to the L1 from generalized L2s with UX and scaling improvements.
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100k BTC is very different this time around. The price has become much more familiar psychologically. No euphoria. People sidelined, and still largely fearful/in disbelief. Bitcoin also passed a big macro test, which is in recent memory.
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