matrixthesun

CLOB wars but it’s a war between DEX CLOBs and CEX CLOBs.

The people have spoken and they want and are willing to trade onchain.

Humbled by the overwhelming support for @bulletxyz_ this week ❤️

Sharing some incredible community-made content on CLOBs and Bullet👇

Market so choppy at the moment, currently long $fartcoin $SPX for cex assets as well as $Kled and $suby for onchain. But think the worst should be over or very close to being over for now if joyful June is to be true.

Alright wtf is $LOUD and why is everyone joining the race to earn mindshare for it?

Seems like @stayloudio IAO kicks off on the 31st with its token $LOUD is launching at a 155K market cap, pretty unique raising model tbh, excited to see how it pans out.

Insane mindshare being already captured too with it occupying almost 70% on the Kaito boards.

Do we think it’s something worth apeing or nah?

Insane Coinbase TWAP, Saylor and his copycats going ham on $btc

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.

Highest daily close ever so slightly on $btc

Classic washout as well just a few hours before open as well

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