different people will attribute different reasons as to why things happen

but it all leads to the same outcome

some call it ghost month, some call it elliot waves, while others call it macro fears, etc.

we as humans like to tell ourselves stories to fill in the gaps of what are effectively blind spots, because we hate the feeling of not being able to understand or explain things

it gives us the illusion that the world makes sense

we seek to confirm our bias while resisting inconvenient truths

its why two people can look at the same chart and take opposing trades

its why bears can write essays on why its going down, only to get liquidated

its why bulls will hold for a 10x, only to roundtrip most of it eventually

and if the market plays out in our favour after whatever reason we crafted, we deem that as the truth (even when it isn't, but we want to fill in the gaps!)

fascinating isn't it

KANYE: "My Instagram has been hacked and it’s following a fake coin." - 𝕏/@Cointelegraph
🏷️ Hacks, Meta, Instagram
🕵️ @PeterMM

Reports Of Trump Media Buying $6B In $CRO Innacurate, The Digital Asset Treasury Will Begin With ~19% Of $CRO Market Cap In Tokens And $200M In Cash Which Was Obtained By Selling Tokens At ~50% Discount, Further Purchases Dependant On Credit Lines And Warrants: Filing

🔗 velo.xyz

not much read on the market here, just holding spot and remaining flat on perps

better to not get chopped up in between

touching abit more grass to not get shaken out by ltf candles

hype outperforming as the risk off asset as usual

safe haven

agreed here that hype is ultimately a ct centric coin for now and the marginal buyers are getting lesser

retail has zero knowledge of hyperliquid and until fresh capital comes in, it will keep stalling or creep instead

https://fxtwitter.com/0xkyle__/status/1960312797168120091

this is not a surprise, because it has been plastered all over ct for weeks

the reason is not because ct is still fading hype (like some people think), but simply because of a lack of fresh capital

anyone that dares to call themselves a crypto native would know of hype and how good it is fundamentally already

hype bros should be focusing on getting it out to retail instead of ct

and also, make it more accessible because i've had irl friends ask me how to buy in the past and gave up because it was too complex

they ended up buying memes on cexs