🥸 BTC Dominance = 65%. Jubilant Times Await?

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GM.

Yesterday, we mentioned something about Bears being fked. Today, it seems like a conversation that is not even worth having.

If BTC closes above $109k today, we’re off into some pretty jubilant times. What’s interesting here, and I’m sure you notice that too, is the absolute lack of bullishness on the timeline, and the feeling like we’re still climbing a wall of worry.

That said, I certainly wouldn't underestimate the seasonality factor here. It’s entirely possible we’ll keep ranging. But if so, what? It only means the ramp to go higher is being printed.

Meanwhile, look at this. We’ve got everyone, all around, saying there’s no other way to make it in markets but to buy Bitcoin. BTC dominance is currently at 65%. Can it go higher? Sure. But will everything else stay down forever?

Markets are markets; they are cyclical. The saying “this time is different” became a meme for a reason.

The mindset from here, in my opinion, should be: stomach lower, expect higher.

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The important bits.

• INFINIT features their new prompt-to-DeFi strategies, try it out

• OpenServe explains miniApps, listen here

• Mira Network published the Weekly Quest results, check rewards here

Even more important bits.

• OpenAI says it did not approve Robinhood's new tokenized shares tied to its private equity

• REX Shares in collaboration with Osprey Funds has launched the first U.S.-listed SOL ETF with staking rewards

Charts and stats of the day.

• The first US-listed spot Solana staking ETF ended its debut day with $33M in volume

StalkChain spots the next big meme coins early by tracking top wallets and smart money moves in real-time.

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Mog/WETH Uniswap 1D Log Chart

If I remember correctly, we haven’t featured Mog in the chart of the day since Q3 last year. It broke bullish market structure around the new year, but there’s a solid bottom structure that’s been built now, with a bull flag breakout in progress. We are above the point of control (red line) and busy reclaiming the 200-day MA—your standard bull market pivot. It’s a 3x back to test the old trend line from below. I have a spot bag packed.

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!

Solana smart-money movements:

Ethereum smart-money movements:

• Grove Finance (DeFi)

• BlockPort (Zero fee staking)

To save you doom scrolling.

Bitcoin dominance is at 65% and we’ve got Solana trenches talking heads full porting BTC. It might take a little bit more time, but, lesson in there.

From here, the only predicament I have on my mind is: how long will we range? What’s the range low? If that even happens.

It all seems we should go for the attack, rather than the defense. Sure, I can defend myself against another two-week chop. But will I capitalize on the final move if I’m doing that?

Something to think about, because in the past few weeks and months, sellers have always gotten killed. Whenever we think lower, it goes higher, eventually.

None of this should be taken as financial advice, of course. But if we look at it all realistically, was there ever an opportunity to think negatively? In my eyes, the Bulls win in the end.

Let me know what you think, though, and never be afraid to place your bets.

stay safe homies,

Hix0n 🫡