📊 4 Reasons Altcoins Are THE Play Now:

PLUS we found the Microstrategy of Hyperliquid!

GM and happy new all-time highs to those who celebrate.

Ah, the sight of $280 million shorts liquidated in just an hour. But is there more to come? These friendly charts and stats certainly say so, especially regarding the Altcoin Land, specifically Ethereum Land.

We’ve got the long/short ratio on Binance ETH / USDT perpetual at its lowest value since July 2023.

The ETH sentiment is absolutely soaring, reaching annual highs.

BTC dominance looks to be breaking for real this time. Let us pray, because I know it seems impossible at this point.

To top it off, stablecoin dominance looks to be breaking down, heading as low as 4% (watch out at that point).

Is this finally it? I think even if we enter yet another choppy period in August/September, the stage is being set for much higher.

All hands on deck from here.

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Charts and stats of the day.

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HYPE/USDC 1D Hyperliquid Log Chart

It looks to me like the HYPE correction is done. That means time for some bulltard targets. Fib extensions top out at around $160. IMO the fundamental bull case supports this, it’s just a question of how long that takes to play out and be priced in. More on this in a tweet from this morning. The 1D Ichimoku bull trend also reset nicely on the pullback, which is bullish for another leg up towards the 1 extension at $67. The 1.618 extension is next at $89. The higher BTC goes, the higher we can climb up these extensions.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

MicroStrategy - but on Hyperliquid.

Everyone loves a great ponzu. Now it’s coming on Hyperliquid, copying Saylor's recipe.

A few days ago, we got news about HyperStrategy hosting a presale and whitelisting multiple prominent Hyperliquid NFTs.

To secure this one, it might be as easy as buying some of these on Drip Trade:

I have no idea how this one plays out, but it surely sounds suitable for someone who is a massive Hyperliquid bull. Let’s see!

For this corner, I would highly recommend going over this latest blocmates cook, it’s a goodie.

To save you doom scrolling.

Little bit of alpha in today’s tweet for those who missed our previous airdrop guides.

HyperUnit might just be the biggest airdrop coming up on Hyperliquid. Use it!

Speaking of all this Ethereum bullishness, I think there’s no better time than now to focus on DeFi protocols, whether the OG ones such as AAVE, MKR, CRV, CVX, and others, or newcomer standouts like LQTY and FXN.

I think during a true ETH season, these will absolutely thrive. Not financial advice.

stay safe homies,

Hix0n 🫡

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