*US JULY PRODUCER PRICES RISE 3.3% Y/Y; EST. +2.5%
*US JULY PRODUCER PRICES RISE 0.9% M/M; EST. +0.2%
*US JULY CORE PPI RISES 0.9% M/M; EST. +0.2%
*US JULY CORE PPI RISES 3.7% Y/Y; EST. +2.9%

*PRODUCER PRICES SPIKE MOST IN 3 YEARS IN JULY AS SERVICES COSTS SOAR

JUST IN: $420,000,000 liquidated from the crypto market in the past 20 minutes.

@WatcherGuru

the moment sol started pumping was a sign of flush soon

accelerated rotation downwards

innit...

anyw, i have cash ready to slowly bid

caught some limit stink bids as well on strong alts in expectation

imo this is where hype shines

hype tends to perform the best when its "risk off"

ath leg soon i think

JUST IN: Over $100,000,000,000 wiped out from the crypto market cap in the past 24 hours.

@WatcherGuru

Big flush. Seeing a lot of traders rush back into longs straight away. Generally these flushes take some time to resolve and with the US Market to open soon it might cause some more volatility.

Personally haven’t been in any active perpetual position for about a week and will patiently wait until prices stabilize a bit and look for longs on strong alts.

No need to knife catch. Most coins moved up violently for 1-2 weeks so if we consolidate for some days that would be fine and make for a healthy correction.

These flushes need to happen along the way to keep the longer trends going.

Ethereum validator exit queue climbs to over $3 billion in ETH amid increased stake withdrawals — link | AI comment

i kinda agree after observing bags eco for awhile

i don't quite like the narrative bags is running and i don't think its sustainable at all as well

also seems to me that participants are quite eager to find the next alternative to pump since bonk's recent step down

might be the culture of finding beta plays at work here

the next contender is about to step into the light

New "caution is warranted" signal is SOLBTC pumping

SOLBTC is the new ETHBTC