worth the reread about trading the meta

https://news.1rj.ru/str/cryptomumbles/2214

"The worst thing you can do is run head-first into a metagame that is reaching exuberance. So, if you already thought 5 or 6 times about taking a trade, weeks/months have passed, and you have finally plucked up the courage to do it: you’re probably too late. It doesn’t feel risky anymore, which means it’s probably maximally risky.

Usually when the meta is common knowledge amongst all participants, the meta is already shifting to something else."

current meta - telegram bots, RWA, memecoins, casino (?)

https://twitter.com/amytongwu/status/1684928352560242688?

btc.d

bounce = short alts
break down = long alts

btc's volatility has decreased significantly over the past few days -> pvp environment -> bored traders rotate to alts

been seeing threadoooors posting about $FUSION non-stop and how its 3 airdrops in 1 etc. etc.

to my understanding fusion is a tele airdrop farming bot

i think this can run for a bit while its airdrop szn so i aped a small amount given its a stealth launch

to note though they've also airdropped early users so i'd expect some dumping

https://twitter.com/Airdrop_Fusion/status/1685362006298439680

imajin

https://twitter.com/llamasalami/status/1685223633676115968?s=21&t=_kWcYVte0tQw0D_KNXWjUQ

Arthur Hayes' new blog predicts that artificial intelligence will use the DAO structure to organize itself in the future, relying on public blockchains such as Ethereum to operate, and DEX will become venues on which new AI DAOs trade. Read more — link

QCP capital predicted that the market is expecting a spike in volatility and possibly a large price increase in BTC towards the end of the year and into next year with the Blackrock spot ETF ruling as well as the Bitcoin Halving.

But now BTC and ETH continue their nonchalance to any macro headlines or market moves. Correlations with traditional macro drivers like the USD and equities have declined to almost zero. — link

if you wanna bridge to base rn

https://twitter.com/ahboyash/status/1685550195516305408?s=20

ape w care if you're on base

https://twitter.com/0x_vadym/status/1685585812887310336

$bald was free money if you were early enough

made a lot of people 6 digits

pick it up and then do nothing

outperformance

Base high-level stats:
- 14.6k ETH (~$27m) total value bridged to Base so far
- Top address (Smart DEX Trader label on Nansen) bridged $8m so far
- BALD launched and is sitting at 80m+ market cap within 24 hours
- Official bridge is not live yet

https://twitter.com/sandraaleow/status/1685595224817496064?s=20

imo $BALD is too crowded and early buyers are starting to TP at 80m mcap (and they are TP-ing in 5 digits) -> for now it is a bit late, let it pull back or just fade it entirely

fact: no one is able to bridge out of base yet

logical conclusion: rotation of gains into other newer memecoins

while some might sit on their new gains, most will try punting more memecoins on base

actionables: buy newer memecoins w lower mcaps
- preferably non repeated themes that have been used before (pepe, x, telebots, etc.)
- themes that are in line with bald thesis, base, and such because this is the coinbase meme narrative

i believe this will continue on until the official base bridge is live