new team tokenomics

team tokens to be revested to 1 year cliff instead

BREAKING: 62% of Americans now expect a higher unemployment rate over the next 12 months, one of the highest readings since the 2008 Financial Crisis.

This percentage has DOUBLED in under 1 year.

Such a high percentage has never been seen outside of recessions.

Interestingly, top 33% income households are more pessimistic than the middle and bottom thirds.

In previous economic cycles, a change in expectations of this magnitude has preceded a surge in unemployment in 100% of cases.

The labor market is cracking.
(@TheKobeissiLetter)

The longest bear market:

The US Dollar’s purchasing power.

Over the last 100 years, the US Dollar has lost -95% of its purchasing power.

Since 2000, the US Dollar has lost over -40% of its purchasing power.

Own assets or be left behind. https://t.co/x8FgimjfCx
(@TheKobeissiLetter)

Think we are in the last inning of this extended cycle that started from Jan 2023 - I don't expect these phases to last more than a couple of months. Every marginal buyer in the world has to some extent capitulated and bought crypto, with both $BTC and $ETH now tagging all time highs.

My HTF ETHBTC target of 0.04 has also been reached, signalling to me that the ETH trade is effectively over.

What this means to me, is that I will no longer be playing offense - no more large size martingales on momentum, with a focus on capital preservation as opposed to capital accumulation. It is quite likely I miss the crazy moves that may yet happen, but that's okay because they don't fit in my system.

This does not mean I've sold everything and flipped short (on the contrary I'm still long), but with much lower nets. I look to DAT mNAVs as the indicator for when to aggressively step back into the market, and I expect majority of DATs to be trading under 1 mNAV by the time this is all over.

We've had a good run, and now it's time to touch some grass ~

According to Lookonchain, Matrixport (or its clients) appears to be selling ETH for BTC. Yesterday, it withdrew 2,354.6 BTC (about $272M) from Binance and OKX. Prior to that, multiple wallets linked to Matrixport had deposited 95,873 ETH (about $452M) into Binance and OKX. — link

if btc has troubles making new highs after JH, i will be worried

baseapp invites

https://fxtwitter.com/Jack55750/status/1959424206954963209

don’t be too hyper fixated on numbers when it comes to selling

“sol hasn’t reached ath, we defo haven’t topped”
“but eth just broke out of a multi year range, lots of room to go”
“my portfolio is close to ath again”

market doesn’t care

when it’s time to sell, sell

JUST IN: Bitmine has purchased 9,613 ETH worth $45.6M.

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🚨 MASSIVE: Google searches for "crypto" have spiked in the past 24 hours.

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