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thedefivillain

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What's been significantly bought since the bottom ? BTC HYPE Memes (mean rev?) AI memes (mean rev?) VIRTUAL SUI And then some random names with lover volume : KAITO SYRUP ETHFI EIGEN XMR AAVE WLD Everything else just had the correlated bounce off the bottom but underperformed massively on a risk-adjusted basis
What's been significantly bought since the bottom ?

BTC
HYPE
Memes (mean rev?)
AI memes (mean rev?)
VIRTUAL
SUI

And then some random names with lover volume :
KAITO SYRUP ETHFI EIGEN XMR AAVE WLD

Everything else just had the correlated bounce off the bottom but underperformed massively on a risk-adjusted basis
To get a sense of the risk involved in the MSTR trade, think of it as a 1.2x-1.3x BTC levered long that only gets liquidated if BTC trades below the liquidation level for like 4 years in a row
To get a sense of the risk involved in the MSTR trade, think of it as a 1.2x-1.3x BTC levered long that only gets liquidated if BTC trades below the liquidation level for like 4 years in a row
Bought a lil bit of XMR just because it feels right Slowly creeping up, gives low downside vibes, is genuinely useful, pristine asset
Bought a lil bit of XMR just because it feels right

Slowly creeping up, gives low downside vibes, is genuinely useful, pristine asset
If you pico-sniped the tariff lows on $TIA, congrats king, you are now up +19% 👍
If you pico-sniped the tariff lows on $TIA, congrats king, you are now up +19% 👍
The core of the altcoins’ outperformance against BTC in November actually lasted... 13 days.
The core of the altcoins’ outperformance against BTC in November actually lasted... 13 days.
Similar magnitude move up on $BTC as in November, but this time we have WAY less froth on altcoins Few examples of stuff that happened in Nov-Dec : - $PNUT to $2.4bn in a few days - $XRP from $60bn to $300bn FDV in 3 weeks - $TRX 2x'ing in a day to almost $40bn MC - $GOAT was a $1bn coin and several on-chain coins were reaching $300M+ market cap - Dead coins like $IOTA went up 6x in a month
Similar magnitude move up on $BTC as in November, but this time we have WAY less froth on altcoins

Few examples of stuff that happened in Nov-Dec :

- $PNUT to $2.4bn in a few days
- $XRP from $60bn to $300bn FDV in 3 weeks
- $TRX 2x'ing in a day to almost $40bn MC
- $GOAT was a $1bn coin and several on-chain coins were reaching $300M+ market cap
- Dead coins like $IOTA went up 6x in a month
$BTC up +50% to a new ATH basically in a straight line Most altcoins barely moved On-chain coins capped at $20M mcap Zero froth It all feels a bit strange
$BTC up +50% to a new ATH basically in a straight line

Most altcoins barely moved

On-chain coins capped at $20M mcap

Zero froth

It all feels a bit strange
If someone thinks that Saylor will blow up, he should simply outline what kind of $BTC price trajectory will lead to the collapse. Because BTC must be doing something very very very unlikely for this to happen.
If someone thinks that Saylor will blow up, he should simply outline what kind of $BTC price trajectory will lead to the collapse.

Because BTC must be doing something very very very unlikely for this to happen.
Hard to see us not test the liquidation level of the HL whale ($104k) in a long weekend while momentum has slowed down and there is no ETF + Saylor inflows There is no incentive to get meaningfully long when you know about this massive target $4K lower
Hard to see us not test the liquidation level of the HL whale ($104k) in a long weekend while momentum has slowed down and there is no ETF + Saylor inflows

There is no incentive to get meaningfully long when you know about this massive target $4K lower
The funny thing about BTC treasury companies is that it's the first time that CT is WAAAY more concerned about the future downside than the initial run up Sidelined ?
The funny thing about BTC treasury companies is that it's the first time that CT is WAAAY more concerned about the future downside than the initial run up

Sidelined ?
We are now in a risk-on market, I believe we are going to see $BTC trade at $120k soon, and a lot of alts pump strongly too. BTC is the safest asset to hold/long. Don't get liquidated trying to be cute with leverage.
We are now in a risk-on market, I believe we are going to see $BTC trade at $120k soon, and a lot of alts pump strongly too.

BTC is the safest asset to hold/long.

Don't get liquidated trying to be cute with leverage.
40k $BTC added in Open Interest in 5 days but perps are still trading at a discount to spot prices
40k $BTC added in Open Interest in 5 days but perps are still trading at a discount to spot prices
FOMO intensifying on the chart $HYPE
FOMO intensifying on the chart

$HYPE
$SOL is strong, market is horny, people want to bid memes, and BONK is lagging most large SOL memes I am long $BONK for a leg up
$SOL is strong, market is horny, people want to bid memes, and BONK is lagging most large SOL memes

I am long $BONK for a leg up
Winners remain winners Most of the strongest coins during the late April leg are still among the strongest coins HYPE FARTCOIN VIRTUAL SUI POPCAT
Winners remain winners

Most of the strongest coins during the late April leg are still among the strongest coins

HYPE
FARTCOIN
VIRTUAL
SUI
POPCAT
Long FARTCOIN / Short WIF looks like that Almost down -50% from the top The blue line corresponds to market cap parity I don't think this is the type of trade that is interesting to take in this environment, but it can be useful to visualize the moves of this pair
Long FARTCOIN / Short WIF looks like that

Almost down -50% from the top

The blue line corresponds to market cap parity

I don't think this is the type of trade that is interesting to take in this environment, but it can be useful to visualize the moves of this pair
ETHBTC is actually holding up decently after a $BTC ATH break Imagine if ETH heads were allowed to dream again
ETHBTC is actually holding up decently after a $BTC ATH break

Imagine if ETH heads were allowed to dream again
No wonder the timeline is so quiet despite $BTC reaching a new ATH : It basically went up in a straight line from a massive FUD event that shook out a lot of people, and didn't allow any drawdown larger than 5% Sideliners' market
No wonder the timeline is so quiet despite $BTC reaching a new ATH :

It basically went up in a straight line from a massive FUD event that shook out a lot of people, and didn't allow any drawdown larger than 5%

Sideliners' market
The most entertaining outcome is watching him get long $1bn and then get liquidated, right
The most entertaining outcome is watching him get long $1bn and then get liquidated, right
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