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matrixthesun
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Market feels overheated ngl, experiencing many mini rugs onchain as of now, PvP is insane in just 3rd day of meta lol
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Insane Coinbase TWAP, Saylor and his copycats going ham on $btc
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Market review for the week I think currently $BTC is doing a lot of chop, and while things could look bearish on lower timeframes, it might be better to just zoom out. We did have the Moody's downgrade, but if BTC is being seen as the hard asset it is, it should still continue the uptrend. Current invalidation would be around $98k for me before thinking that market is properly bearish. Coinbase premium also helps to sustain BTC. Meanwhile, altcoins have bled quite a bit, but memes and AI agents are surprisingly still outperforming. Onchain-wise, ICM meta has corrected quite a bit, think winners are slowly establishing themselves. The meta probably continues as long as @pasternak continues his development. Overall a tricky week, best to stay conservative so that you can't get shaken out if the chop continues.
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Highest daily close ever so slightly on $btc Classic washout as well just a few hours before open as well
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been a chaotic week, onchain especially. good to take the time to evaluate this meta and see which coins are deserving to stay. feel free to shill bags
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looks toppish on $btc, probably wicks below $100k to like $98-99k to take out all the stops at the round number hope to buy some spot $btc around there for the eventual run up to new highs in general market is pretty frothy, which is clear from the onchain pvp, but nothing a small wick down can't solve imo before we run back up
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