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thedefivillain
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Log chart of long $
OP
/ short $
BTC
Down a light -94% since early 2024
The L2 curse
#BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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OP
0.625
+5.93%
BTC
105,795.3
+1.40%
31
0
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thedefivillain
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Recap of the past 2 weeks in crypto : - $BTC reached a new ATH at $112k, then momentum died down, and BTC bottomed locally at $100.4k after the Elon-Trump conflict - "BTC for Corporations" narrative heating up : $DJT buying $2.5bn, $GME bought $500M, Metaplanet and ALTBG keep buying, Saylor launched new STRD preferred stock - $HYPE reached $40bn FDV in late May, 2x in a month with barely any dip - $TRUMP dinner on May 22 resulted in an expected news-selling. - Cetus got hacked for $220M on Sui, but $180M have been frozen and all losses will be covered. $SUI and all its ecosystem coins took a hit on the news. - "Microstrategy for ETH" launched, the company is $SBET. Initial raise is $425M. - Altcoins keep struggling, OTHERS/BTC made new lows. - $CRCL IPO'd and pumped massively - Pumpfun is planning a $1bn raise through ICO at $4bn val - $KTA up only - $SPX is the top-performing memecoin
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Zero relief for altcoins
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$DJT was a $6bn mcap backed by the memetic premium of Trump which will trend towards zero If they run the Saylor playbook properly, they will end with $10bn worth of BTC in their treasury, that will be worth $30bn+ in a few years Great deal, great strategy
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Full recap of May 2025 in crypto : https://substack-proxy.glitch.me/articles/cryptonarratives-substack-com-p-may-2025-recap-narratives-best-performers.html
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Added to my longs and hoping this was a local bottom
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