🤯 $Billions Are Flowing Into BTC. What`s Happening?

MEMECOIN GIVEAWAY: WIN $$$ WORTH OF OUR TOP PICKS

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• Sign up for our newsletter and start referring your friends.

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Vote for which meme coin you’d like to win. At the end of the two weeks, the meme coin with the most votes will be selected and sent to the winner.

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Our top 5 memecoin picks: 

• MOG 

• POPCAT

• SPX

• GOAT

• WIF

Duration: 2 weeks (30th October - 13th November)

GM, our belief is transforming into reality. 

And let me tell you, if you`re still here after the events of 2022, you deserve not only the upcoming pumps, but also your first multi-cycle crypto OG rank—well done, soldier. 

Now, after yesterday's bullishness, it`s wise not to expect a direct moonshot straight to 80,000 dirty fiat dollars per BTC. Moreover, today`s focus will shift more to the crypto stocks as the market awaits Coinbase and MSTR earning reports after today`s market close. 

At this point, BTC is so safely bullish that a typical dip should not scare us or throw us out of position. If that`s the case, guess what: you`re overleveraged. 

It`s really important not to be caught chasing, especially when we live through periods of historical ETF inflows. Just yesterday, BlackRock’s IBIT bought $642.8M worth of BTC, the total spot ETF trading volume surpassed $4.5 billion, and $115 million worth of shorts were liquidated. 

Lastly, let`s pray for everyone stuck in ETH and for this ETH/BTC point to be a bottom. I have to say, I have a feeling it is. Let`s see.

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GEL/USDT 1D Mexc Log Chart

Huge volume and a big daily candle yesterday for Gelato off high timeframe support. Today we are green again, but I would look to buy a pullback in the purple box.

They recently raised and count Infinex and Aave among the client list - which is long. Business seems to be good. Maybe a good infra-value play (very boring, I know, but the chart is the chart). The February high is around 1$ - just over a 4x from here.

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 of the day.

Bitcoin mindshare reached new all-time highs.

The DeFi comeback, ETH/BTC bottom and Dinero

The Spanish word for money is dinero. Dinero is one of those fundamentally brilliant projects that got absolutely beat up during the season of ETH weakness (I suspect this will change soon; peak today's ETH/BTC behavior and look where it stands long-term) and market-wide mindshare rotations to memes and AI.

Nevertheless, if we want to capture the upside using patience and actual fundamentals, we better find bottomed-out charts instead of chasing the flavor of the day AI memecoin. 

Today, Dinero announced its native ETH yield solution, this time for the whole Arbitrum ecosystem. 

In the words of Sami himself, this is just a beginning:

Finally, if you want to dig deeper into what Dinero really is, you might find a few hints in recent team messages:

The important bits.

• Superseed (Blockchain that repays your debt) - Explains Superseed tokenomics

• EOS (L1) - Total value locked on EOS reached new all-time highs

• SKALE (L2) - Partners with Death Touch (gaming)

• Core DAO (Bitcoin DeFi) - New gaming NFT mints available - earn 10K sparks as reward

• Radix (DeFi) - Explains why issuing digital assets on Radix is simpler and safer

• Stacks Foundation (Bitcoin infrastructure) - The Nakamoto upgrade is Llive

• OX (Exchange, meme perps.) OX/ETH yields are now available on Tarot

• Dinero (DeFi) - Adds new branded LST for SparkDEX

Even more important bits.

• Optimism Foundation agreed to give grants of 25M $OP tokens to Kraken

• Visa and Coinbase partner for instant crypto buys on debit cards

• Kasper Vandeloock exposes Mr.Beast`s crypto activity scams

• Vitalik donated 400 ETH ($1M+) to four Ukrainian humanitarian non-profits

Charts and stats of the day.

• Hyperliquid bridged USDC now at $661M

• Eric Krown points out similarities of previous bull runs during election years

Life gets busy so here’s what you’ve missed.

How to Make it in Crypto ft. Grant from Blocmates

Podcast

Check out the new podcast with our very own Grant, founder and CEO of blocmates, a crypto-native research hub.

And he thinks that all of the latest crypto craziness is just the very beginning…

Tune in on YouTube →

To save you doom scrolling.

Not a tweet, but a very interesting read on how to deploy fully-autonomous AI agents.

This space is going to get even funnier pretty soon.

Read More →

My friends, the support we’re getting from you lately is amazing.

Thank you to everyone who reads my daily ramblings. I’ll do my best to provide the kind of crypto reporting this space needs AND that is actually useful to you all 🙏🏻.

stay safe homies,

Hix0n 🫡