Espíritu Errante

💧 What Is Liquidity?

Liquidity refers to how easily and quickly an asset can be bought or sold without significantly affecting its price.

🏦 Types of Liquidity

1. Market Liquidity
How easy it is to trade an asset in a particular market.
High market liquidity = many buyers and sellers = fast trades with minimal price slippage.
✅ Example: BTC/USD pair has high liquidity.
❌ Example: A new altcoin on a small exchange has low liquidity.

2. Asset Liquidity
How easily an asset can be converted into cash.
Cash is the most liquid asset; real estate or rare NFTs are less liquid.
📊 Why Liquidity Matters

✅ Lower Slippage
You get prices closer to what you expected.
Low liquidity = higher risk of big price swings when you trade.
✅ Faster Execution
Trades get filled quickly, without delays.
✅ Better Price Stability
Liquid markets are harder to manipulate.
Illiquid markets can be volatile with sudden large moves.
✅ Easier Entry/Exit
You can enter or exit positions with minimal impact on price.

#Liquidity101

🚫 Top Trading Mistakes to Avoid

1. Trading Without a Plan
Mistake: Jumping into trades without a clear strategy.

Why it’s bad: Emotional decisions often lead to losses.

Fix it: Always define:

Entry & exit points
Risk-reward ratio
Stop-loss and take-profit levels
2. Overtrading
Mistake: Trading too frequently or with too much size.

Why it’s bad: Leads to burnout, fees, and emotional exhaustion.

Fix it: Focus on quality setups, not quantity. Stick to a set number of trades per day/week.

3. Not Using Stop-Losses
Mistake: Holding onto losing trades "hoping" they’ll recover.

Why it’s bad: Can wipe out your capital on a single bad trade.

Fix it: Always use stop-losses to define maximum acceptable loss.

4. Chasing the Market / FOMO
Mistake: Buying because everyone else is — often at the peak.

Why it’s bad: Markets are often volatile after big moves.

Fix it: Stick to your plan. Don’t trade based on hype, especially from social media.

5. Ignoring Risk Management
Mistake: Going "all in" or risking too much per trade.

Why it’s bad: A few bad trades can wipe out your account.

Fix it: Use the 1-2% rule: never risk more than 1–2% of your capital on a single trade.

#TradingMistakes101

🔍 1. What Is a Crypto Chart?

A crypto chart is a visual representation of a cryptocurrency's price movements over time. These charts help traders and investors analyze trends, identify patterns, and make informed decisions.

📈 2. Types of Crypto Charts

✅ Line Chart
Simple and clean.
Connects closing prices over a time frame.
Good for beginners to see general trends.
✅ Candlestick Chart (Most popular)
Shows open, high, low, and close (OHLC) prices for a set time period.
More detailed and used by technical analysts.
🕯 3. How to Read Candlestick Charts

Each candle has:

Body: Difference between open and close.
Green (or white) = price went up (close > open).
Red (or black) = price went down (close < open).
Wicks (shadows): Highest and lowest prices during the period.
Timeframe: Can range from 1 minute to 1 month per candle.
Example:
A 1-hour candle = price movement during one hour.

#CryptoCharts101

$BTC 📉 Market Overview
Bitcoin experienced a notable decline on June 6, dropping below $101,000, marking a weekly loss exceeding 4%. This downturn coincided with a fallout involving Donald Trump and Elon Musk, which may have influenced investor sentiment .

Analysts suggest that Bitcoin is encountering resistance around the $108,300 level, with a recent peak at $112,000 on May 22. Katie Stockton of Fairlead Strategies notes that the current pullback indicates weakened short-term momentum, leading to a bearish short-term outlook .

🏛️ Institutional Developments
In March 2025, President Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. The U.S. is now the largest known state holder of Bitcoin, estimated at approximately 200,000 BTC .

South Korea is undergoing a significant transformation in its cryptocurrency policies as of mid-2025, with major regulatory reforms and institutional shifts underway.

🇰🇷 Key Developments in South Korea’s Crypto Policy

1. Institutional Access to Crypto Markets

The Financial Services Commission (FSC) is lifting its long-standing ban on institutional cryptocurrency trading. Starting in early 2025, approximately 3,500 corporations and professional investors will be permitted to open real-name accounts on cryptocurrency exchanges. By the second half of the year, universities, charities, and law enforcement agencies will also be allowed to sell crypto donations, marking a significant policy shift from previous restrictions.

2. Second Phase of Crypto Regulation

The FSC is preparing to introduce a comprehensive second-phase crypto regulatory framework by late 2025. This phase will focus on enhancing transparency and accountability in the crypto market, including:

Establishing stricter entry requirements and operational guidelines for service providers.

Implementing measures to prevent conflicts of interest.

Introducing mandatory internal control standards.

Developing a separate regulatory framework for stablecoin transactions and related businesses.

3. Cross-Border Crypto Transaction Oversight

In response to significant foreign exchange-related crimes involving virtual assets, South Korea plans to regulate cross-border transactions of virtual assets starting in the second half of 2025. Businesses engaged in such transactions will be required to register with authorities and report their activities to the Bank of Korea on a monthly basis.

#SouthKoreaCryptoPolicy

📈 $USDC in the Market

Circle debuted successfully on the New York Stock Exchange under the symbol CRCL, with a 168% increase on its first day of trading, reaching a market capitalization close to 22 billion dollars.

The circulating supply of USDC has grown significantly, surpassing 61.4 billion dollars, representing an 80% increase from the lows of 2023.

🌐 Global Expansion and Strategic Alliances
Binance has integrated USDC into its platform, allowing its 240 million users to use it for trading, payments, and savings. This collaboration strengthens USDC's position against USDT.

Stripe, the payment fintech, has announced that it will accept payments in USDC on the Solana, Ethereum, and Polygon blockchains, resuming its support for cryptocurrencies after a pause since 2018.

A #BigTechStablecoin refers to a stable cryptocurrency issued or backed by a major technology company. These are typically pegged to a fiat currency like the US dollar and are designed to maintain a stable value — unlike volatile cryptocurrencies such as Bitcoin.

Key Examples and Developments:
Meta's (formerly Facebook) Libra / Diem Project (now defunct)
Launched as Libra in 2019, backed by a basket of global currencies and government debt.
Aimed to offer a global digital currency integrated into Facebook, WhatsApp, and Messenger.
Renamed Diem in 2020 after regulatory backlash.
Abandoned in 2022 — assets were sold to Silvergate Bank.

Amazon, Google, Apple, and Microsoft
These firms haven’t launched their own stablecoins, but:
Apple Pay and Google Pay integrate digital wallets that could theoretically support stablecoins.
They are partnering with fintech and crypto companies or experimenting with blockchain for backend services.
Regulatory scrutiny has likely slowed any direct stablecoin initiatives.

PayPal USD (PYUSD)
Launched in 2023 by PayPal (a fintech giant, close to Big Tech).
Fully backed by USD deposits and short-term Treasuries.
Issued by Paxos, a regulated blockchain infrastructure company.
Can be used within the PayPal and Venmo ecosystems, hinting at the "Big Tech stablecoin" model in practice.

As of June 6, 2025, Bitcoin ($BTC ) is trading at approximately $105,060, reflecting a 0.36% increase from the previous close.

📈 Short-Term Price Forecast (June–August 2025)
Analysts present a range of predictions for Bitcoin's short-term performance:

CoinCodex forecasts a rise to $110,997 within the next month, based on bullish sentiment and a Fear & Greed Index of 64.

CaptainAltcoin projects a gradual increase to $137,450 over the next three months, with potential short-term fluctuations.
Coinspeaker anticipates a modest rise to $96,574 by June, with potential for higher gains in July and August, contingent on favorable macroeconomic conditions.

The relationship between Elon Musk and Donald Trump has undergone a significant evolution, moving from a close collaboration to a public dispute.

🧠 From allies to political collaborators
Initially, Musk was critical of Trump, but in 2016 he joined his economic councils. However, he resigned in 2017 due to the U.S. withdrawal from the Paris Agreement. Over time, their relationship strengthened, especially during Trump's presidential campaign in 2024. Musk was the largest individual donor, contributing over $290 million, and played a key role in the campaign. Following Trump's victory, Musk was appointed co-chairman of the Department of Government Efficiency (DOGE), tasked with reducing public spending and bureaucracy.

#TrumpVsMusk

Circle Internet Financial Ltd., the issuer of the USDC stablecoin, has successfully completed its initial public offering (IPO), raising $1.05 billion by selling 34 million shares at $31 each. The company is now valued at approximately $8 billion, with shares trading on the New York Stock Exchange under the ticker symbol "CRCL" .

This IPO marks a significant milestone for Circle, following a previous attempt to go public via a SPAC deal in 2022 that was ultimately canceled due to regulatory delays and the collapse of FTX . The successful listing reflects growing investor confidence in cryptocurrency-related firms, particularly those involved in stablecoins and digital finance infrastructure.

Circle's USDC stablecoin remains a key player in the crypto market, with a market capitalization exceeding $61 billion. The company's decision to go public is part of a broader strategy to enhance transparency and drive the mainstream adoption of Web3 financial infrastructure.

#CircleIPO

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several proposed altcoin exchange-traded funds (ETFs), including those for XRP, Dogecoin (DOGE), and Solana (SOL). These delays are part of the SEC's standard review process and do not necessarily indicate rejection.​

⏳ Updated Review Timelines
XRP ETF (Franklin Templeton): Next review date set for June 17, 2025.
Dogecoin ETF (Bitwise): Next review date scheduled for June 15, 2025.
Solana ETF (Franklin Templeton): Final decision expected by October 7, 2025.​

#AltcoinETFsPostponed

As of April 30, 2025, President Donald Trump has completed the first 100 days of his second term, marked by an assertive and controversial agenda. Here's a summary of key actions and developments:​

🏛️ Executive Actions & Legislative Moves
Record Executive Orders: Trump signed 143 executive orders, the most by any president in this period, along with 42 proclamations and 42 memorandums. These actions focused on immigration reform, federal spending cuts, and reducing the federal workforce .​

Laken Riley Act: Signed into law on January 29, this act mandates the detention of illegal aliens accused of theft-related crimes and allows states to sue the Department of Homeland Security for enforcement failures. It also initiated the expansion of the Guantanamo Migrant Operations Center to detain up to 30,000 high-priority illegal migrants .​

#Trump100Days

Arizona is moving towards becoming the first state in the U.S. to establish a strategic Bitcoin reserve through two key bills:​

🏛️ SB1025: Arizona Strategic Bitcoin Reserve Act
This bill, co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, allows up to 10% of public funds under the control of the state treasurer and retirement systems to be invested in Bitcoin and other cryptocurrencies. It includes security measures such as cold storage and multi-signature authentication. Additionally, it contemplates the possibility of storing these assets in a segregated account within a federal Bitcoin reserve, if the U.S. Department of the Treasury establishes one. ​

🪙 SB1373: Strategic Digital Assets Reserve Bill
This bill establishes a fund to manage digital assets seized by the state or allocated through legislative appropriations. It allows for investing up to 10% of the fund's value annually and contemplates the possibility of lending assets, as long as it does not increase risk.

#ArizonaBTCReserve

Abu Dhabi is consolidating its position as a leader in financial innovation with the launch of a new stablecoin backed by the United Arab Emirates dirham (AED).​

🏦 New stablecoin backed by the dirham
Three key institutions in Abu Dhabi —the sovereign fund ADQ, the conglomerate International Holding Company (IHC), and the First Abu Dhabi Bank (FAB)— have announced a collaboration to launch a stablecoin linked to the AED. This digital currency will be fully regulated by the UAE Central Bank and will operate on the ADI blockchain, developed by the ADI Foundation to facilitate secure and compliant payments. ​

The stablecoin is designed to be used for both everyday transactions and advanced applications, including machine-to-machine payments and artificial intelligence systems. ​

#AbuDhabiStablecoin

$BTC 📈 Bitcoin Price and Market Movement
Bitcoin remains close to $95,000: After reaching a recent high of $95,000, the price of Bitcoin stabilizes in that range. Analysts highlight a significant influx of new investors, with a "hot supply" close to $40 billion, indicating an increase in speculative activity. ​

BlackRock boosts the market with massive purchase: BlackRock's ETF acquired nearly $1 billion in Bitcoin, providing "structural support" to the price, according to analysts. This massive purchase has been seen as a key factor in the recent upward momentum. ​

The Tax Cuts and Jobs Act (TCJA), enacted in 2017, was a significant overhaul of the U.S. tax code. Key provisions included reducing the corporate tax rate to 21%, adjusting individual tax brackets, increasing the standard deduction, and capping the state and local tax (SALT) deduction at $10,000.

Many individual tax cuts under the TCJA are set to expire at the end of 2025. Without congressional action, approximately 62% of filers could face tax increases starting in 2026.

In 2025, President Trump and congressional Republicans are working to make these tax cuts permanent. The proposed extension includes additional tax breaks, such as eliminating taxes on tips, Social Security income, and overtime pay. However, the plan faces challenges due to its projected cost of up to $4.6 trillion over a decade and internal disagreements within the Republican Party, particularly concerning spending cuts to offset the tax reductions.

#TrumpTaxCuts

#XRPETFs

Currently, there is no XRP ETF (exchange-traded fund) approved in the United States. However, several asset managers, such as Bitwise, 21Shares, Grayscale, and WisdomTree, have submitted applications to the Securities and Exchange Commission (SEC) to launch XRP ETFs that offer direct exposure to this cryptocurrency.

On February 18, 2025, the SEC formally acknowledged Bitwise's application for an XRP ETF, initiating a review process that may last up to 90 days. This acknowledgment does not imply approval but represents an important step in the regulatory process. Bloomberg analysts estimate a 65% probability of approval, while the prediction platform Polymarket estimates it at 78%.

Additionally, three leveraged and inverse XRP ETFs are expected to launch this week in the U.S., offered by ProShares. These products are based on futures and not on physical holdings of XRP, so they are not the spot ETFs that many investors are hoping for.

In early April 2025, President Donald Trump announced a 90-day suspension of reciprocal tariffs on over 75 countries, excluding China. This policy shift led to a significant rally in both cryptocurrency and traditional financial markets.​

📈 Market Reactions
Cryptocurrencies: Bitcoin surged over 7%, reaching approximately $82,000, while Ethereum rose nearly 15% to around $1,660. Other digital assets like XRP, Solana, and Dogecoin also experienced gains exceeding 10%. ​

Crypto-Related Stocks: Companies such as Coinbase, Riot Platforms, and Strategy (formerly MicroStrategy) saw their stock prices increase by 11% to 24%, reflecting renewed investor confidence.

#TariffsPause

$ETH
🔧 Network Upgrades & Development
Pectra Upgrade & Hoodi Testnet: Ethereum developers have launched the Hoodi testnet to facilitate the upcoming 'Pectra' upgrade. This follows unsuccessful tests on previous testnets, with the mainnet deployment anticipated approximately 30 days after successful testing. ​

Dencun Upgrade: Scheduled for March 13, this upgrade aims to introduce proto-danksharding, enhancing transaction speed and reducing costs. ​

📉 Market Performance & Investor Sentiment
Underperformance Against Bitcoin: In 2024, Ether's return was 46.29%, compared to Bitcoin's 121.4%. Ether ETFs attracted $2.66 billion, while Bitcoin ETFs saw $35.27 billion in inflows. ​

Technical Indicators: The ETH/BTC ratio stands at 0.03571. A breakout above 0.04 could signal a shift in Ether’s relative strength. ​

#EthereumFuture

Bullish Scenario: ETH could reach $10,000+ by 2030, driven by mass adoption of decentralized apps (dApps), Ethereum 2.0 scalability improvements, and institutional investment through spot ETFs.

Bearish Scenario: If competition (like Solana or newer L1s) overtakes Ethereum due to speed and cost efficiency, ETH could stagnate or drop below $1,200–$1,000.

Base Case: Many analysts see a gradual rise to $4,000–$6,000 by 2027 as Ethereum continues to solidify its role in DeFi, NFTs, and tokenized assets.