🦢 Black Swan Calls Are Back. Will Bulls Defend $100k BTC?

PLUS we found a very interesting AI project to watch!

May 15, 2025

GM, it’s time.

As we said yesterday, it’s finally time to hand the sideliners an entry. The question is, how good of an entry will it be? For now, BTC holds firm above $100k, but it wouldn't be too surprising to see the high nineties tested in the next week or two. After the work it’s put in, Bitcoin’s earned a breather.

Even so, the whole timeline is already chanting for deep $90k prints, and we haven’t even slipped below six digits. Capo is out here posting black swan memes, I mean…

This area is the difficult part of the market, so instead of getting chopped out, it’s worth remembering that higher-term timeframes are still massively bullish.

On top of that, today’s U.S. PPI numbers showed another decrease in inflation. Perhaps this one will finally make the Fed tick during next month’s FOMC.

The best case scenario is Bitcoin simply continuing to follow the M2/global liquidity chart, which has been amazingly accurate so far. Let’s hope this one doesn't become a meme, though.

Encouragingly, this whole rally was largely spot driven, meaning the markets aren’t overheated at all, while retail interest in nowhere to be found.

Makes me think this bull market still has a lot of juice left, even if we enter another chop period first.

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Solana smart money flows are dominated by Fartcoin again, accompanied by the new movers such as Yapper and Dupe, notably.

Source: ChainEdge

Ethereum smart money flows are much weaker, with largest signal being huge outflows from Virtuals, perhaps ending the new launch meta of past few weeks.

Source: ChainEdge

PipeIQ

PipeIQ is an AI-powered platform for B2B go-to-market teams. Try not to glaze over with the MBA-speak, but it uses autonomous AI agents to offload sales and marketing processes. Things like lead-prioritisation, outreach across multiple channels, and account-based marketing (ABM). The platform has natural language interfaces (voice, chat, email), persona-specific AI agents, and seamless integrations with CRM and intent data providers.

What’s relevant for us, is that the founder is doxxed, is already profiled in a video published by Amazon Web Services, has been grinding at the project since at least 2023, and he just launched a coin for the company literally this morning my time.

Here’s the chart - it’s run a little bit, but can go quite a bit higher is my thinking. DCA, or just buy dips in the purple box is what I am planning to do.

Nous Psyche Testnet

Nous have just launched their Psyche testnet. This is a great DeAI training project worth keeping an eye on. We’ve featured it here before. Grant and I are both fans of the branding and illustrations, and @563Defi assures us that the tech is groundbreaking. Unfortunately there is not much actionable here just yet, unless you have your own datacenter or several H100’s lying around to contribute compute.

We will keep you posted as soon as news of a token firms up into more than vague rumours.

To save you doom scrolling.

The Mog mindshare is constantly growing. Exhibit A:

If you like to enjoy some grade-A altseason hopium, check out this thread.

stay safe homies,

Hix0n 🫡

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