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The ticker is
$KERNEL
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Altseason Index has now reached April lows. BTC is up 40% from its April bottom, but a lot of alts have fully retraced their gains. But here's one good thing. Whenever the index has reached this low, alts pump has happened within a few weeks. I think a short squeeze on a lot of alts are coming.
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$ETH has trapped both bulls and bears now. It had a fakeout pump and dump, and is now back into the consolidation range. But what's next for ETH? Looking at the broader market, it seems like upside is much more likely to happen. The US stock market is hitting new highs, and trade deals announcements are happening. Both these things are bullish for risk-on assets and ETH will definitely benefit from it.
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A trader has just opened a $160M BTC long position with 20x leverage. His liquidation price is just below $102K, and he is currently sitting on $50K in unrealized losses. He closed his last long position in $2M+ profits, so maybe he knows something. Do you think a new BTC ATH is coming soon?
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Keep wide eyes open for $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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