💹 Bitcoin Monthly Over $100k = Generational Wealth in February

PLUS what is Venice AI?

January 28, 2025

Before we jump in, make sure to check out the Meal Deal:

To navigate crypto bull markets correctly, one needs to have a crew with which to bounce ideas.

That’s why we created the Meal Deal—a lifeline for the professional degen and a gateway to an active crew grinding every day to make it in crypto.

Institutional-grade research

Actionable alpha / Coin picks

Private Discord access

Interactive video content

GM.

Despite our precious altcoins being absolutely massacred at this point, BTC is still hovering above the crucial $100k mark. That’s remarkable, especially considering yesterday brought the largest single-day drawdown in history, with Nvidia wiping out $600B from its market cap.

As markets open, all eyes remain on NVDA, and we can definitely see at least a relief bounce from here. This would undoubtedly help BTC stay above $100k, although tomorrow’s FOMC meeting might carry more weight. Will Trump really make the Fed cut rates? Polymarket disagrees, for now, pricing in a 91% chance of no rate cuts.

From a broader standpoint, the US liquidity situation isn’t looking good, and tightening continues. The last time this happened was the SVB bank crisis of 2023. The silver lining? This is precisely what marked the turning point in the markets, and as Michael Howell mentioned a few days ago, the Fed might need to start the easing cycle again soon.

This would also coincide with the February seasonality, which is usually one of the most bullish months of Q1. Considering that yesterday screamed capitulation; it’s not that hard to see a turnaround happen during next month—all eyes on BTC monthly close and, again, the $100k mark.

Lastly, Trump is continuously buying more and more ETH onchain. What do they know? Is the Etherealize institutional marketing campaign starting to work behind closed doors? Can’t wait for February to provide us with some answers. Stay tuned.

🧑‍💻 Join the Discord | 🐥 Follow Twitter | 📊 Sub to YouTube & Spotify

If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!

TAO/USDT 1D Binance

Maybe some PTSD shown above for TAO holders, given the infinite-chop ranging PA dating back to October ‘24. Time to wake up, though, because we have a major catalyst inbound in the form of the dTAO launch - on or just after February 10. This will fire up subnet competition, Bittensor DeFi, and subnet cross-pollination, with each subnet being able to launch its own token.

The price just wicked and bounced out of the weekly open retest on high volume. PA has shown H100-level strength relative to the rest of the market over the last week of ongoing choppy PA.

DeepSeek has likely helped, too, as we already have a couple of DeepSeek-powered subnets. Above and beyond that, open-source AI is going to catch a bid because the Chinese are demonstrating that they can compete with corporate, Microsoft-backed giants like OpenAI—even with an open-source project trained on a shoestring.

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!

TAO is leading the AI mindshare again.

Smart-money movement in and outflows for Solana.

Source: ChainEdge

Smart-money movement in and outflows for Ethereum.

Source: ChainEdge

Base season.

The base ecosystem seems to be one of the more lively ones, especially since yesterday’s airdrop of Venice AI’s VVV token.

Venice is looking to become one of the most critical AI players, led by Erik Voorhees.

If you want a full rundown on Venice, including the bull case, hop in the Discord and check Luke’s breakdown here. There’s also some drama brewing, along with accusations coming from Eric.eth.

That said, the Base ecosystem is enjoying a nice little jolt of volume right now, with leading tokens and memes like Keycat, Toshi, Mochi, Floppa, and others nicely awakening.

It might be a good time to hop on Dexscreener, filter by volume, and scout for some opportunities or new launches.

For more information, contact us through this form and we’ll be in touch shortly!

AI corner.

VeniceAI TGE Yesterday

Erik Voorhees, Bitcoin OG & long-time crypto entrepreneur TGE’d his Venice AI token on Base yesterday after launching the project back in May ‘24. There’s a Quick Bite I put together in the Meal Deal section of the Blocmates Discord if you need a comprehensive tl;dr. 

Market cap ran up hard immediately, but we have a big airdrop of 50 million tokens to work through that may bring some sell pressure. I would look for an entry around $500m FDV. That’s way lower than where we are currently ($1.28bn).

Sturdy Finance 

Bittensor DeFAI Subnet Sturdy Finance has a chart that is looking decent for reversal here. TAO will likely run into the dTAO launch in early to mid-Feb, and this should be some good beta exposure. @563defi has given them the stamp of approval. They are well-positioned in terms of the dTAO launch.

Mode Network launches their Synth Bittensor Subnet

Synth is AI Agent and DeFAI protocol Mode Network’s Bittensor subnet, which went live today. The chart is extremely beat up, but that’s where you buy it. Mode is a serious builder. The price will surely show strength as the agent space starts to get some love again. Read founder James Ross’ thread on what they’ve built on Bittensor here.

New content to study.

New projects & updates.

The important bits.

  • Sophon (Entertainment layer) - Noon’s public beta is now live on Sophon

  • Pendle (DeFi) - Jan. month has surpassed December in terms of rewards to vePENDLE lockers

  • Mode (L2) - Synth Bittensor Subnet (SN50) is live on mainnet

  • SwapX (DEX) - Announces BOBO as official ecosystem partner

  • Opensea (NFTs) - Announces Opensea V2 and airdrop

  • Berachain (L1) - Boyco is now live

  • Infrared (Berachain LST) - Announces Boyco markets with Kodiak

  • Monad (L1) - Announces 80 NFT ecosystem partners

  • Dinero (DeFi) - Partners with several Berachain DeFi projects to implement beraETH

  • Etherealize (ETH marketing) - Announces partnership with Ethereum Enterprise Alliance

Even more important bits.

Charts and stats of the day.

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

What comes next after deepseek

Research

Resident analyst pangolin has penned a piece on DeepSeek, the past 24 hours, and what he believes it means for the market and us going forward.

Tao Talk: Deepseek on Bittensor

Podcast

This week, the lads dive into the wild market fluctuations.

They highlight various projects within the ecosystem, such as Rayon Labs' Chutes, WebGenie, and decentralized real estate valuation tool Subnet 48 and more.

Tune in on Spotify | YouTube →

  • B3 (Gaming on Base)

To save you doom scrolling.

Alright, we might actually be fucked.


These are mentally very draining times. The market has been in schizo mode for basically a month straight, just after the whole time screamed for a generational bull run to come right after New Year’s.

Remember, tough times don’t last; only tough people last.

stay safe homies,

Hix0n 🫡

Reply

or to participate.