It's been lagging behind for years, but it's the infrastructure layer that is required for almost everything within the on-chain ecosystem.
The past months, the price of Ethereum has gone down primarily due to macroeconomic reasons.
Yes, it moves more based on that rather than solely intrinsic events within the Web 3 ecosystem.
The reason for that is the there's a negative correlation between DeFi and yields on government bonds.
If the yields go up on government bonds, there's less of an appetite for holding DeFi or placing your liquidity there and that has a negative impact on the price of the underlying asset: Ethereum.
That's about to chance, and from a technical standpoint, it's currently approaching a higher timeframe support level.
This support level is the one I've been aiming for since the rejection at 0.0325 $BTC and that's why I think that building an Ethereum position within this range is not a bad place to start.
$BTC Opened up with a tiny CME gap below this weekend. But most of it was closed straight away, I'd argue that gaps like these are generally negligible.
Above there's still the gap at ~$79.2K which is pretty close and is worth watching.
🔴The AI bubble is now larger than almost every market bubble in history:
The 'AI Big 10', comprising the Magnificent 7 plus Broadcom, AMD, and Micron, now accounts for a record 40% of total US stock market capitalization.
This matches the peak concentration of the Nifty Fifty bubble of the 1970s and the 2000 Dot-Com Bubble.
Including the upcoming mega IPOs of OpenAI, Anthropic, and SpaceX, AI-related market concentration would surge to ~48%, surpassing every major bubble on record.
The only bubble in history with greater concentration was the Railroad bubble of the 1880s, which peaked at 63%.
Is the AI bubble near its end, or is there further room to run?
🔴BofA Bull & Bear indicator is screaming SELL again:
This metric rose to 8.0 this week, up +0.4 points, triggering a sell signal for equities for the first time since February 2026.
The indicator has surged +1.7 points over the last 4 weeks, driven by tech and emerging market debt inflows, a record monthly increase in fund manager equity allocations, and a drop in cash levels to 3.9%.
5 of the indicator's 6 components are now bullish or very bullish, with none being bearish.
Historically, there have been 17 sell signals since 2002, with global stocks averaging a loss of -2% to -3% over the following 2 to 3 months, and maximum drawdowns of -15% to -20%.
Two days ago, I was scrolling through my timeline and saw someone talking about the number of cryptocurrencies in the market exceeding 50 million, and I was shocked! 😳
The number of people who believe that America is issuing a regulatory law for the crypto market and that these coins will be eliminated, restoring liquidity to major cryptocurrencies, honestly left me stunned. I kept wondering how this rumor spread.
📍First, America has issued legislation to regulate the operations of exchanges and stablecoin companies.
📍Second, no law will be issued, neither now nor in the future, to regulate the market because it's impossible to regulate. Anyone with $20 can create their own cryptocurrency because the technology the market is built on isn't monopolized and is available to everyone.
Third, many coins are banned from all cryptocurrency platforms, yet they are among the largest coins in the market, such as Monero (monero:native), which ranks 16th among the largest cryptocurrencies.
Tell me in the comments if you believed the rumor! 🧐
AI Coins have been the strongest this week, but most alts are still pretty weak. Few exceptions there like $HYPE & $ZEC which are close to all time highs.
Besides some of these outliers, there are no major narratives at play right now.
🚨NEW: TRADERS CAN NOW BET ON SPACEX BEFORE ITS IPO
World's largest crypto exchange, Binance, is launching Pre-IPO perpetual futures, starting with Elon Musk's SpaceX.
The product, SPCXUSDT, will let users trade expectations around SpaceX's future IPO valuation, targeting $1.75T to $2T, before the company officially goes public.