👀 Bottom Hunt Begins: Was That It?

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They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM, it`s brutal out there.

Fortunately, our readers were warned — things did, in fact, turn bearish. So, what happens next? Let’s speculate… but first, let’s assess the damage.

Crypto traders are arguably the most relentless gamblers in market history. Even after the October 10th wipeout, people are still piling on leverage — which, of course, led to another $250M in liquidations yesterday. Business as usual.

The most pain is felt (as usual) on the side of ETH holders. Ethereum now officially erased all 2025 gains and is back at $3,300 at the time of writing.

As for Bitcoin, we`ve officially hit the $98k level we discussed yesterday. Now, with the Fear&Greed Index back in the depths of red (including on the stock market side), it's time to start discussing the potential bottom.

As we said, it's simply either here or in the low nineties for BTC. Personally, I wouldn’t rush any large bets just yet. This month still has the potential to be a choppy one.

What’s important from now on is the Fed ending quantitative tightening on December 1st. Then we can watch how the markets respond to another round of “QE not QE”.

If BTC indeed starts bouncing from here, watch for the reaction at these levels. That`s where the decision will be made. If Bitcoin fails there again, we’re likely due for multiple more weeks of market fuckery.

The possibility of a bounce from here is not to be underestimated, especially given how many shorts are currently deployed.

When it comes to altcoins, simply watch TOTAL3, which is currently at critical make-or-break levels.

Things are brutal, but not all hope is lost, especially with the global liquidity cycle continuing, a little bit of easing from the Fed on the way, and also with Cramer calling for a bear market. Let`s see. Stay safe.

Got questions, opinions, or feel like having a chat about the market? Hop in Hix0n’s Hideout free Discord channel and join the crew!

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The important bits.

• Jumper Pass Holders can now claim an EtherScore badge, claim here

• Plasma`s USDT supply reached 1% of total supply, read here

• Newton explains what it can provide for stablecoin/RWA adoption, read here

• Shadow Exchange continues to be revenue positive, read here

• Saga explains Velocity DeFi, read here

• Camp Network is now live on Stargate, read here

• Tapestry explains why their building Zumi, read here

• Almanak`s alUSD successfully facilitated another ~$20 million withdrawal, read here

• Jupiter introduces the “Jupiter’s Fresh Start initiative”, read more

• PumpFun introduces new funding options with Revolut and more, read here

• Padre rebrands to Terminal, read here

• SEDA tokenomics explained in new Roundtrippers episode, read here

• MegaETH postpones the ICO allocation to tomorrow, read here

• Avantis publishes a buyback dashboard, read here

Even more important bits.

• Stock market will correct up to 20% warns Goldman Sachs, read here

• NVDA and Deutsche Telekom unveil world’s first industrial AI cloud, read here

• Vitalik Buterin discusses reducing withdrawal times for rollups, read here

• Wintermute explains why the real market driver is liquidity, read here

• Amazon announces $38 billion partnership deal with OpenAI, read here

• Gemini is gearing up to launch prediction market contracts, read here

Charts and stats of the day.

• Kalshi predictions aim at sub $3K ETH, read here

• Diamond prices are rapidly decreasing, chart here

• Retail Bitcoin inflows to Binance have plunged over 80%, chart here

• Crypto cards reached $376M in volume in October, chart here

• DEXs as monthly volume smashed records, hitting $614B, chart here

• Hyperliquid is the most profitable protocol, excluding stablecoins, stats here

Don’t miss out on the daily blocmates news bulletin with Gaz! Tune in here. 

A useful reminder!

Telemetry data of the day.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

Stack airdrops while staying stabled.

Here`s a super helpful graphic from Stay Muur, especially in this kind of market.

If you`re bored, don’t overtrade, stack airdrops with stables:

• Nest (Hyperliquid MetaDEX)

To save you doom scrolling.

The state of Solana explained in one tweet:

Remember our Degen Corner on NEET from months ago?

Interestingly, this one remains one of the most resilient memecoins, even in a market as brutal as this. If the market recovers (a big if), this is my favorite pick to focus on, especially if memes regain some momentum overall.

Just speculating, you do you!

stay safe homies,

Hix0n 🫡