📊 3 Hopium Bottom Indicators: Is the Worst Over?

PLUS let`s prepare for Neutrl launch!

“$500 stimmy airdrop? Every Week? For playing a game? I’m in.”

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They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM, the crypto slumber continues.

At this point, it truly starts to feel as if excitement around magic internet coins can’t ever come back, which is usually a good place to start looking for bottom signals.

Right now, we’re seeing short-term holders puking up coins at levels last seen during summer 2024. It’s a tricky business being a top blaster.

Moreover, the Bitcoin RSI is at oversold levels last seen during the peak of the April tariff drama. Similarly, Bitcoin supply at a loss reached 30%. Again, the last time we saw this was April`s bottom.

There might be more problems ahead, but at the same time, the chances for at least this month’s low being in are there. From here, Bitcoin needs to recover and hold above $107k, so no celebrations just yet. We observe.

On the macro side, let`s see how this upcoming tariff ruling turns out, and if the "nincompoop" Powell manages to cut the rate again during the upcoming December meeting.

Overall, there are numerous unanswered questions, and the market responds accordingly.

Got questions, opinions, or feel like having a chat about the market? Hop in Hix0n’s Hideout free Discord channel and join the crew!

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The important bits.

  • Pyth digital asset treasury feeds are live on 100+ blockchains, read here

  • Kyan hosts another Options Talk episode, listen here

  • Beyond Tech brings Bitcoin memecoins to BNB Chain, read here

  • MegETH tokenomics explained in a new thread by Dogan, read here

  • Hyperliuquid proposal HIP-5: Staker Governed Assistance Fund (AF-2) is live, read here

  • Uniswap will be live on Monad on day 1, countdown here

  • RedStone announces HIP-3 oracles, read here

  • Infrared Finance point program ended, read here

  • Stable pre-deposit campaign starts today, read here

Even more important bits.

  • Chainlink partners with SBI Digital Markets to bridge TradFi and DeFi, read here

  • Trump claims, "we're making the United States the Bitcoin superpower”, listen here

  • Ripple partners with Mastercard, WebBank, and Gemini, read here

  • Ripple raises $500 million at a $40 billion valuation, read here

Charts and stats of the day.

  • The odds for a December Rate cut have fallen to 62%, chart here

  • Ethereum hits record 24,192 TPS, driven by L2 Lighter, read here

  • BitMine bought another 20,205 ETH worth around $70M, read here

  • Odds of KNTQ launching at over $500M has fallen from 91% to 27%, read here

  • Ethereum dominates stablecoin supply changes with over $1B, read here

  • DoorDash stock, DASH, collapses over -20%, read here

  • NFT market cap has plunged by 46% in the past 30 days, read here

Don’t miss out on the daily blocmates news bulletin with Gaz! Tune in here.

I mean, Scottie was kind of nailing it this bull run…

Remember our NEET discussion from yesterday? I feel like NEET is the one to watch closely once memes catch back even the slightest bid.

Neutrl

The stablecoin narrative is not only here to stay, it’s rapidly evolving.

The next major play here is Neutrl, launching following Monday, November 10th. Neutrl turns discounted OTC altcoin blocks, perp shorts, and staking yield into a synthetic dollar backed by actual trading revenue.

Sounds complicated? Listen to the full explanation here.

To save you doom scrolling.

The good old 2019 Sergey vibes. We need more of this.

They say the saying “this time is different” is a meme, but this time, it truly is different. We`re about to enter a period of quantitative easing in the US at a time when the stock market hovers around an all-time high.

Check out Ray Dalio`s take on this here. It will be interesting to see how markets react in 2026.

stay safe homies,

Hix0n 🫡

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