💹 $76k Bitcoin Bottom? It Might Just Be.

GM, things are getting a bit hardcore.

Since February, we’ve been seeing multi-billion dollar liquidations on a weekly basis. Now, the same is happening in normie markets. The Dow Jones just suffered a historic -1,000 point drop. Individual stock charts like Tesla are looking like memecoins mid-rug. Absolute carnage.

Is there a bottom in sight? Of course. For example, Bitcoin already hit the significant $76k level, and it wouldn’t be that crazy to see a relief from here. Plus, there’s already a solid bullish divergence on the daily.

Meanwhile, the USDT dominance is slamming into resistance—if it rolls over, that’s fuel for a bounce.

Moreover, the U.S. stock put volume just hit an all-time high, while Google Trends shows a parabolic rise in searches for “recession.” 

Sure, we might get a bounce, but that doesn’t mean new all-time highs are coming anytime soon. A prolonged choppy period is just as likely. New all-time highs for Bitcoin and the rest of crypto might be quite far away. As the US Treasury Secretary Bessent said, it really is: “There's going to be a de-tox period for the economy.” And we’re seeing it live right now.

In the short to medium term, the US economic data will bear a lot of importance. We’ve got CPI coming up tomorrow and FOMC next Wednesday. While there’s nothing much to expect from this next Powell’s appearance, May one’s might already bring first rate-cuts. If that happens, it is the first step towards easing, and the markets will price that scenario accordingly.

For now, we must simply survive.

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The important bits.

• MegaETH (L2) - New quiz available for Fluffle NFT holders

• Superseed (L2) - Explains how Supercollateral works

• Mode (L2) - Releases a deep dive into Synth’s subnets miner performance

• HMX (Perp. DEX) - Announces impermanent loss protection: Auto Fees Adjustment

• Tanssi (DeFi) - Annoucnes Community Sale Update: 1% back to participants

• Initia (L1) - Initia Account Migration sees 300,000 participants

Even more important bits.

• Proposal (SIMD-0228) aims to shift Solana’s token emissions from a fixed-rate model to a dynamic

• Coinbase CEO Brian Armstrong announced plans to hire 1,000 US employees

• The Trump administration reportedly working to avoid government shutdown this Friday

• EU claims President Trump's support for crypto could harm Europe's financial stability

• Deepseek v2 will be released March 17th

• The U.S. is exploring the use of blockchain technology and stablecoins

• JP Morgan calls a Tesla rally to $800

Charts and stats of the day.

• Pumpfun revenue dropped to $100k per day

• Ethereum Foundation will be liquidated if ETH drops to $1,100

• Ink Chain by Kraken sees parabolic rise in active addresses

• Murad is currently down $40m

• Amount of staked HYPE is almost at 50%

Crypto taxes? Absolute pain.

Sifting through receipts, crunching numbers — it's a yearly ritual of suffering. Throw crypto into the mix, and it’s full-blown chaos.

Now you’re juggling transactions across wallets, flipping between CEXes and DEXes, and wondering if that airdrop was a win or just a taxable headache. And let’s not even start on staking rewards…

Well, it doesn’t necessarily have to suck.

Crypto Tax Calculator is built for degens like you. With over 1000+ integrations, a custom shitcoin pricing oracle, and the superpower to handle your on-chain terror.

 You can either generate reports your accountant will love or directly file ‘em yourself. 

 Snag 20% off your first year. Your accountant — and sanity — will thank you.

RICK/SOL Raydium 4H

Dev.fun is pump.fun for Vibe coders. Anybody can get an AI to code stuff up now - with variable results - and that’s kind of the point.

$RICK channel’s the infinite vibes of legendary music producer Rick Rubin - it’s one of the first coins to get traction—more on this in AI corner below. PA-wise ,I’m cautious to recommend buying up here, given the state of the market. Try to get in on a pullback into purple.

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!

Smart-money movements on Solana.

Smart-money movements on Ethereum.

Sonic mindshare is right behind Solana.

Vibe Coding might be what we need to fix this vibes vortex.

Just like Pump.fun built a movement out of throwing darts at memes, Dev.fun gives a platform to devs who have no idea what they’re doing. Build whatever you can with AI-assistance, and tie a coin to the end result.

Grant published a solid overview of this nascent meta on Twitter yesterday - check it out to get your footing.

If $RICK is like the first agent coin on a new launchpad (see chart of the day above), $BUIDL is the first AI16Z of this meta - the official investment DAO for Dev.fun. It launched back in mid-January, has already been through a massive pullback and looks to be in early recovery mode - here’s a chart - I am looking to accumulate in the purple box.

New updates & projects.

• Audit One (Audit AI agent on Sonic)

• USD AI (Yield bearing synthetic dollar)

• Virgen Alpha (AI agent research hub)

• ChaosChain (AI agent L2)

• Truemarkets (Prediction markets, media) - Launched today

• Bera Town (Berachain)

• MetaNova (DeSCI)

• Rescue Money (Protection against phishing)

To save you doom scrolling.

This is how we all sound like to normies btw.

I wish I could continue with the hopium dealership, but then I saw the good old Cramer say this… I mean, hang onto your hats for now.

stay safe homies,

Hix0n 🫡