prior to memecycle becoming consensus the market was literally *struggling* to find a narrative to sell
restaking? failed.
socialfi? failed.
6000 new L1/L2s? uhhhh...
+ a few more narratives that i can't remember off the top of my head
restaking? failed.
socialfi? failed.
6000 new L1/L2s? uhhhh...
+ a few more narratives that i can't remember off the top of my head
🔥10
ngl at one point i was actually very worried if there was even going to be a cycle because of how we had zero innovations this time
what will attract the normies back?
people kept shouting AI AI AI, but really were any of the AI alts performing other than the week prior to nvidia earnings and TAO?
what will attract the normies back?
people kept shouting AI AI AI, but really were any of the AI alts performing other than the week prior to nvidia earnings and TAO?
Crypto Mumbles
anyway, even if you think the pendulum will start to swing away from memes, i doubt ai will be affected they aren't memes and in fact most have some form of utility by now they are the hopes and dreams that you can sell to retail the narrative we've been…
the thought vomit was in reference to this post btw
one can argue that agi is a real application instead of hehehaha picture memes
https://x.com/cz_binance/status/1861306581758976434
one can argue that agi is a real application instead of hehehaha picture memes
https://x.com/cz_binance/status/1861306581758976434
X (formerly Twitter)
CZ 🔶 BNB (@cz_binance) on X
I am not against memes, but meme coins are getting "a little" weird now.
Let's build real applications using blockchain.
Let's build real applications using blockchain.
Forwarded from unfolded. DeFi
Forwarded from Glassnode
During the recent rally to $99.4K, Long-Term Holders’ Net Position Change dropped to -366K BTC/month, marking the highest selling pressure since April 2024. This signals significant profit-taking by LTHs, but it's important to examine which sub-groups within LTHs contributed to this.
Looking closer, 6m-12m holders led the activity, spending 25.6K BTC/day (7D-MA). Their cost basis, estimated at $57.9K (71% below market price), explains the incentive to capitalize on the rally. This aligns with natural behavior for intra-cycle holders like ETF-related buyers from earlier this year.
Key takeaway: Most selling pressure came from buyers in the $50K–$60K range, indicating intra-cycle LTHs drove profit-taking. There was minimal sell-off by OG long-term holders, whose behavior typically signals deeper shifts in market sentiment.
BTC Long-Term Holder Net Position Change chart: https://t.co/hr64gBGUCd
BTC Spent Volume in Profit by Age chart: glassno.de/3CF66lA
BTC SOPR by Age chart: glassno.de/3ATrqmP
Looking closer, 6m-12m holders led the activity, spending 25.6K BTC/day (7D-MA). Their cost basis, estimated at $57.9K (71% below market price), explains the incentive to capitalize on the rally. This aligns with natural behavior for intra-cycle holders like ETF-related buyers from earlier this year.
Key takeaway: Most selling pressure came from buyers in the $50K–$60K range, indicating intra-cycle LTHs drove profit-taking. There was minimal sell-off by OG long-term holders, whose behavior typically signals deeper shifts in market sentiment.
BTC Long-Term Holder Net Position Change chart: https://t.co/hr64gBGUCd
BTC Spent Volume in Profit by Age chart: glassno.de/3CF66lA
BTC SOPR by Age chart: glassno.de/3ATrqmP
Glassnode
Glassnode Studio - On-Chain Market Intelligence
Glassnode Studio is your gateway to on-chain data. Explore data and metrics across the most popular blockchain platforms.
Forwarded from Ian's Intel
Pantera Bitcoin Fund hits 1000x milestone, bought 2% of BTC supply in 2013 — Link
Crypto Mumbles
https://panteracapital.com/blockchain-letter/1000x-pantera-bitcoin-fund/
I certainly don’t understand all the nuances of the incredible technology projects happening in the space, but I feel like I’ve seen this movie before.
I was the first asset-backed securities trader at Goldman Sachs. Now everyone recognizes ABS as an asset class. I was there when they did the GSCI. Now everyone thinks of Commodities as an asset class. In the 90’s I was investing in emerging markets. Now everyone thinks of EM as an asset class.
Blockchain will be just like that. I believe that in the not-too-distant future every investment firm will have a blockchain team and a sizable, permanent blockchain allocation.
I was the first asset-backed securities trader at Goldman Sachs. Now everyone recognizes ABS as an asset class. I was there when they did the GSCI. Now everyone thinks of Commodities as an asset class. In the 90’s I was investing in emerging markets. Now everyone thinks of EM as an asset class.
Blockchain will be just like that. I believe that in the not-too-distant future every investment firm will have a blockchain team and a sizable, permanent blockchain allocation.
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Crypto Mumbles
can’t remember where i read this, but something to keep in mind the 4 scenarios in trading 1) win big 2) win small 3) lose big 4) lose small as long as you avoid/minimize scenario 3, you’ll be winning in the long run since adopting this mindset, my port…
FxTwitter / FixupX
🐧 Pentoshi (@Pentosh1)
there are only four outcomes for a trade
1. big loss
2. small loss
3. small win
4. big win
eliminate #1 happening and long term you will end up well off. i know a lot of people want to make it all in one trade, but all you have to do is be consistent in…
1. big loss
2. small loss
3. small win
4. big win
eliminate #1 happening and long term you will end up well off. i know a lot of people want to make it all in one trade, but all you have to do is be consistent in…
Crypto Mumbles
https://x.com/WazzCrypto/status/1861448657955877374
somehow these kids are actually gonna outperform most of us
😢4😁3🤝1