shared my thoughts on $ETH whether this is the top or we have more fuel for upside
https://x.com/axel_bitblaze69/status/1954398313836659091
https://x.com/axel_bitblaze69/status/1954398313836659091
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
Good Morning ☀️
$ETH is trading above $4,200 which is highest since Dec 2021 and looking at the data, I think this rally still has more fuel for upside:
OI’s up +8.8% to $56.97B so leverage is coming back in.
But it’s spot buying driving the move, leverage…
$ETH is trading above $4,200 which is highest since Dec 2021 and looking at the data, I think this rally still has more fuel for upside:
OI’s up +8.8% to $56.97B so leverage is coming back in.
But it’s spot buying driving the move, leverage…
🔥4
BTC and ETH supply on exchanges has been dropping lately, now at an ALL-TIME LOW of just 18.9M ETH and 2.5M BTC left on exchanges.
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$ETH is trading around $4200 for the first time since Dec 21 and imo we’re in peak Ethereum season, NOT full Altseason yet
I’ve been tracking the data and these 5 charts show exactly;
- Where we're in the cycle
- And what needs to happen for Alts to really run
Shared A thread below🧵👇
( LIKE & RT ) ♥️
https://x.com/axel_bitblaze69/status/1954539502963159047
I’ve been tracking the data and these 5 charts show exactly;
- Where we're in the cycle
- And what needs to happen for Alts to really run
Shared A thread below🧵👇
( LIKE & RT ) ♥️
https://x.com/axel_bitblaze69/status/1954539502963159047
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
$ETH is trading around $4200 for the first time since Dec 21 and imo we’re in peak Ethereum season, NOT full Altseason yet
I’ve been tracking the data and these 5 charts show exactly;
- Where we're in the cycle
- And what needs to happen for Alts to really…
I’ve been tracking the data and these 5 charts show exactly;
- Where we're in the cycle
- And what needs to happen for Alts to really…
❤15
Suddenly, Bitcoin and the entire crypto market are going parabolic, most think it’s just rate cut expectations.
But the real reason might be MUCH bigger.
Since the ETF approval, BTC is up 220% with $55B net inflows. That alone added fuel to the $1.6T crypto market cap increase since 2024.
But now comes something bigger than Bitcoin ETFs: 401(k) Pension Funds.
Let me explain why.
The 401(k) is a $12 Trillion pension fund, and 6% of the salary goes into it. Bitcoin & crypto are now allowed to be part of the investment plan.
In the US, employees can choose their own investment plan. Around 18% of the total population already invests in crypto among employed people, this could be as high as 25%.
If they put just 10% of their 401(k) funds into Bitcoin, that’s a $300B inflow, six times bigger than all Bitcoin Spot ETF inflows combined.
This is slow, steady, automatic buying… and it could send Bitcoin way higher than anyone imagines.
But the real reason might be MUCH bigger.
Since the ETF approval, BTC is up 220% with $55B net inflows. That alone added fuel to the $1.6T crypto market cap increase since 2024.
But now comes something bigger than Bitcoin ETFs: 401(k) Pension Funds.
Let me explain why.
The 401(k) is a $12 Trillion pension fund, and 6% of the salary goes into it. Bitcoin & crypto are now allowed to be part of the investment plan.
In the US, employees can choose their own investment plan. Around 18% of the total population already invests in crypto among employed people, this could be as high as 25%.
If they put just 10% of their 401(k) funds into Bitcoin, that’s a $300B inflow, six times bigger than all Bitcoin Spot ETF inflows combined.
This is slow, steady, automatic buying… and it could send Bitcoin way higher than anyone imagines.
❤21🔥15
Alpha updates. 🪓
https://x.com/axel_bitblaze69/status/1955034182490751225?s=46&t=MpsMbNE2PDtDtDfKUQW
Please guys, I really need your support on this one 🙏
Like & RT so this reaches the right people.
Trying to recover $24K stuck on HTX after a cross chain deposit mistake every bit of reach helps.
Like & RT so this reaches the right people.
Trying to recover $24K stuck on HTX after a cross chain deposit mistake every bit of reach helps.
❤18😱5👍4👌3
Alpha updates. 🪓 pinned «Please guys, I really need your support on this one 🙏 Like & RT so this reaches the right people. Trying to recover $24K stuck on HTX after a cross chain deposit mistake every bit of reach helps.»
CPI data drops today.. here’s what u need to know. shared in the tweet below 👇
https://x.com/axel_bitblaze69/status/1955196356571828493?s
https://x.com/axel_bitblaze69/status/1955196356571828493?s
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
US CPI and Core CPI data drops today and while every CPI print moves the market, this one’s a bit more loaded
We’re rallying right now and any hint of hawkishness could kill that momentum fast
Market’s expecting CPI at 2.8% and Core CPI at 3.1% both hotter…
We’re rallying right now and any hint of hawkishness could kill that momentum fast
Market’s expecting CPI at 2.8% and Core CPI at 3.1% both hotter…
👍13
Alpha updates. 🪓
CPI data drops today.. here’s what u need to know. shared in the tweet below 👇 https://x.com/axel_bitblaze69/status/1955196356571828493?s
CPI lower than expected
CAME IN AT 2.7%
EXPECTATIONS: 2.8%
Rate Cuts incoming
CAME IN AT 2.7%
EXPECTATIONS: 2.8%
Rate Cuts incoming
🔥33❤1
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Earn your Etherscan OG Badge 🏅 and Points just by participating!
🔗 Go to: etherscan.io/points
- Sign in to your account
- Claim 10th Anniversary Badge
- Claim Mystery Box + Daily Points
- Log in daily to stack more points
Campaign ends: 31st August
❤8🔥4👍3
Maker DAO has silently rebranded to Sky Protocol and its stablecoin $DAI to $USDS, and very few people have noticed.
Recently, Ethena's USDe has taken DAI’s spot as the 3rd biggest stablecoin, and its TVL has crossed $10B, while Sky’s is only $6.8B. But Sky still generates around 50% more fees than ENA, and companies & DAOs generate the most fees i.e. they have users willing to pay for the service they provide.
if you compare, SKY is still far ahead of ENA in few major metrics.
Fees(30d)
Sky - 44M
ENA - 30M
Stablecoin senders
SKY - 38.7K
ENA - 15.5k
Sky is a long established protocol with consistently stable growth, having weathered all market conditions, and $DAI has never Depegged till date. In contrast, ENA is still in its early stages and has many tests to pass before finding and settling to it's ground.
But from price perspective, the most important metric is volume. Rn ENA is the favorite stablecoin Narrative of CT, with volume exceeding $10B, while Sky’s volume is still less than 0.5% of that.
Recently, Ethena's USDe has taken DAI’s spot as the 3rd biggest stablecoin, and its TVL has crossed $10B, while Sky’s is only $6.8B. But Sky still generates around 50% more fees than ENA, and companies & DAOs generate the most fees i.e. they have users willing to pay for the service they provide.
if you compare, SKY is still far ahead of ENA in few major metrics.
Fees(30d)
Sky - 44M
ENA - 30M
Stablecoin senders
SKY - 38.7K
ENA - 15.5k
Sky is a long established protocol with consistently stable growth, having weathered all market conditions, and $DAI has never Depegged till date. In contrast, ENA is still in its early stages and has many tests to pass before finding and settling to it's ground.
But from price perspective, the most important metric is volume. Rn ENA is the favorite stablecoin Narrative of CT, with volume exceeding $10B, while Sky’s volume is still less than 0.5% of that.
👍14❤2