i hate that i have to say this but

is it (finally) time for eth?

feels to me like participants got tired of the sol extractive conditions and decided to start bidding eth memes or something

in any case im still an observer for now

There is 1 trade catalyst for ETH that is worth mentioning, and I don't think the offer itself is attractive but the perception of market participants is more important in this case:

ETH staking ETF

ETH yield is obviously not as attractive as tbills, when taking risks into account, but I think it is one decent sized bullet in the near term that ETH might have with getting retail to pile in (crypto natives)

Las Vegas Sphere Owner Denies WIF Rumors, Says "We Have Never Had A Deal": Decrypt

cursed, as usual

personally reducing risk as we're in the tail end of things, even if i think there is a final leg

more defensive as compared to 2024 to protect my gains

you should be doing the same

will probably trim my book a bit more

small thoughts

i think retail facing apps are nice bets for whenever the next wave comes

pretty excited to see how they fare and hopefully they follow in moonshot's steps

guessing we move from infra toward mobile apps in time

if not apps, then a good solid breakout game (but i still don't think gamefi works any time soon)

LAS VEGAS SPHERE RESTATES DOGWIFHAT WILL NOT BE APPEARING ON THE SPHERE AFTER DOGWIFHAT STATEMENT, SAYS THEY ONLY ACCEPT BITCOIN AND EXCHANGE ADVERTISING: DECRYPT

🔗 velo.xyz

already know many that gave back majority of pnl

nothing new and in fact repeated multiple times by many throughout the cycle to take profits

always the greed that gets to you in the end

idt it’s over yet tho

personally will keep paying attention

> insert mngr tweet

In discretionary the right position is almost always flat

do nothing. 5x / yr there's free money on the floor

pick it up. then do nothing

outperformance

spent the weekend catching up w pals and festivities

hope it was great for everyone too

(forwarding this from someone else)

On a bear trap

I think we’re in one of the biggest bear traps ever.

There’s absolutely no euphoria in the market, ai and memes are bleeding out, even og whales are capitulating.

Many think trump coin marked the top but it looks more like another form of business to me, nothing else.

Don’t forget, blackrock and trump team keep stacking up both eth and btc which means they know something big is coming.

If they buy at current prices, it’s unlikely they are aiming for a quick 2-3x.

They need to push the prices way higher to justify the current entry and stomach a major bear market correction.

Otherwise, they will look just as stupid as Germany who sold the bottom.

Also:

- No gold rush style for btc due to sbr/stockpile yet

- Eth didn’t break ath yet

- Staked eth ETF is not live or even proposed yet

- Stocks and bonds are not tokenized yet

- No Base, Abstract, Monad, Linea, Metamask, Opensea, Phantom tokens yet

- D.O.G.E. and Dogecast aren’t live yet

- No Solana and Doge ETFs yet

- Doge didn’t break ath yet

- Pepe is only at $5B lmao

- Trump token didn’t compete with Doge yet

- Saylor didn’t blow up yet

- Tether didn’t launch their own chain yet

- Charts look bottomed, not topped yet

- Social metrics are at all time low

- No gamestop-style mania yet

- Sol is not $1k, btc is not $250k, eth is not $10k yet

- No NFT 2.0 season yet

- No gaming 2.0 season yet

- Both Milady and Pudgy are not 100 eth yet

- Global liquidity hasn’t topped yet

- QE hasn’t started yet

So I personally think we are extremely far from the top and we’re in a final shake out before one of the biggest altseasons in the history.

Do with this what you wish.

Dee