📈 Bottom Recipe is Almost Complete. Here's Why:

PLUS is the CCM meta dead?

September 26, 2025

“$500 stimmy airdrop? Every Week? For playing a game? I’m in.”

Join me at YEET.com! $500 weekly, exclusively for our readers:

  1. Sign up using the Link

  2. Stay active

  3. That’s it. You’re in the mix.

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, I think a lot of people should STFU for a bit.

Especially NATO with their WWIII teasers, and Trump with his endless tariff rants. Alright, let’s breathe and see what’s up with the markets. Macro data dealers are off the hook today - PCE data came in at 0.2%, aligned with expectations.

The liquidation cascades continue to roll. In the past 24 hours, we saw a “nice” batch of $1.12B in crypto positions liquidated. I sure hope you weren’t part of it, but this actually needs to be done to create bottoms. Liquidations and fear mongering: looking at the Fear & Greed index, it’s finally at 28, fairly deep in the fear zone.

What I’d like to see either now or into early October is the last ingredient: a full-on panic. Perhaps today’s options expiry helps? The numbers certainly looks juicy. We already see the majority of positioning being on the short side. The recipe for a bottom should soon be complete.

Also, keep an eye on the stablecoin dominance charts. As Nik points out here, I think the current bounce should be rejected soon. If not, there might be more trouble ahead.

Regarding bottom hunting, I think ETH is the most interesting target. It’s currently the most oversold since the April bottom (!). I sure hope these levels hold; otherwise, again, more trouble ahead. Overall, I agree with this take more than the bearish ones, for now.

As for SOL, the SOL/ETH bounce we enjoyed the past month or so might be ending. The DAT narrative for SOL isn’t hitting as well as with ETH, and it’s simply because of the massive inflation schedule. I hope I’m wrong on this one for the sake of my memes.

Lastly, I think we need to see the $107k level hold for BTC, providing a nice bounce. That is, if the bounce doesn’t happen here. If BTC flips $112.3 again, we can get more comfy on the bullish side. Let’s see next week. I’m still cautious for now.

✍️ Advertise with us | 🧑‍💻 Join the Discord | 🐥 Follow on Twitter
📊 Sub to YouTube & Spotify

👇 And if you haven’t yet, hit subscribe below 👇

The important bits.

  • Pyth Network now powers tokenized stocks on Solana, read here

  • Pyth Network enables XPL across 100 blockchains, read here

  • Giza explains how it flips finance from product-centric to user-centric, read here

  • MIRA is now live on Kraken and Binance, read here

  • Jumper hit a new all-time high daily volume of $183.5M, read here

  • Saga explains what makes stablecoins actually stable, read here

  • Mira Network launches mainnet, watch here

  • Almanak features multipliers for YT-alUSD holders, check the vaults here

  • INFINIT lets you farm 8 protocol points in one click, try it here

  • EigenDA hit 100 MB/s on mainnet, 75× faster than the next best DA, read here

  • STBL announces no unlocks for Q4, read here

  • Aster protocol on the BNB chain reached a new ATH of $2.21b, chart here

  • ProjectX offers 700-2200% APR on XPL/USDT, check it here

  • Hyperliquid beat Binance and Aster in XPL open interest, see here

  • Aster apologizes for the disaster concerning the XPL price, read here

  • Phygitals announces streaming & ripping, read here

Even more important bits.

  • Forward Industries previously purchased 6,822,000, is now in losses, read here

  • Bitwise has filed for the Hyperliquid (HYPE) ETF with the SEC, read here

  • RobinHood announces shorting is coming soon, read here

  • Nasdaq-listed Hillbert Capital buys CCD along BTC and ETH, read here

  • Cloudflare has introduced its own stablecoin, read here

Charts and stats of the day.

  • Plasma is smashing the top stablecoin inflows in the last 24 hrs with over $1 Billion

  • MetaPlanet is down 75% from the recent peak, chart here

  • ~$1b caps on USDe Aave Plasma markets were filled within hours, read here

  • USDT0 supply hit $6B, 100% up in a week, chart here

  • 46,000,000,000 in trading volume on Aster perps during the past 24 hours, read here

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

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

  • Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

  • Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

  • Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

  • Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

  • Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

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).

Is Bagwork the only CCM worth playing?

I’m adding this one as one of the very few onchain plays I consider interesting at the moment.

Looking at Alon’s latest tweets, I don’t think he can afford to lose the only solid streaming team on the platform. High R:R!

To save you doom scrolling.

Hangover or not, the lads stay cooking:

Another week ends. The time absolutely flies, it’s unbelievable. This is good, though, because I think once we get through the next one, we will already start to feel strength returning to the market.

If something changes, we will know about it. Stay tuned and enjoy the weekend, everyone.

stay safe homies,

Hix0n 🫡

Reply

or to participate.