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- 🤫 Cautiously Bullish (Bull Run is NOT Over)
🤫 Cautiously Bullish (Bull Run is NOT Over)
PLUS the Dinero yield baseplate is expanding!
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GM, let’s continue shooting up the hopium shall we,
Before we get too high on our supply, please note that Capo is currently calling for a bullish expansion, and the September 18th FOMC is still way ahead of us.
Nevertheless, shortly after we predicted a relief yesterday, it turned out to be a mass public bear execution - over $100m worth of shorts got liquidated (and that’s only on Bybit).
Yesterday’s move was also accompanied by $29m worth of Bitcoin ETF inflows, which finally turned positive after almost two weeks.
Then there’s the inverse Cramer signal saying he’s “waiting for the NVDA to bottom out.”
All this is accompanied by both Trump backing up crypto on live TV and Saylor calling for $13m per BTC on CNBC.
In the short term, stay on your toes, as the timeline got ultra bullish overnight. But personally, I can’t exactly say I’m bearish—at least not longer than this cursed month…
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FTM/USDT 1W Binance Log Chart
$FTM looks like it wants to do the Livermore Cylinder thing $ETH did when it ran from $1900 (November ‘23) to $4k (March ‘24). Number 8 is next, which is where you get expansion through the top of the cylinder.
If the setup plays out, this could be a great spot-hold into early next year. Volume is up a lot today, and price looks like it wants to run away here, but if we get another majors dump, there will be a buying opportunity. I have a bag already and am looking to add on pullbacks.
NFA as per usual, please always do your own research.
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!
The Yield That Scales: Dinero
The Dinero team continued to work quietly after the epic announcement of their first-ever institutional LST called ipxETH. Right now, it’s time to pay attention again.
Introducing Branded LSTs: A cross-chain liquid staking solution powered by Dinero. Backed by pxETH, the premium-yielding LST by Dinero can now be imported into any L1 or L2 chain under its own branding.
Currently, apxETH in the form of a branded LST is being deployed on:
Dinero's “yield baseplate” is rapidly expanding, and there’s no stopping in sight.
Also, if you hop into Discord, you might quickly find Alpha getting spilled about a particular chain that will announce its own apxETH LST, maybe this week or the other, but it will undoubtedly be more than huge…
The important bits.
Even more important bits.
Fines issued by SEC to crypto firms up 3018%
Bitcoin is the New 'Trump' Trade: Bernstein
Americans lose $5.6 billion to crypto fraud: FBI
USDC’s supply keeps decreasing
Cat tokens are leading the meme wave
Only 42 tokens outperformed BTC year to date
Life gets busy so here’s what you’ve missed.
Jameson Lopp's Warning About the Politics and Risks Behind Bitcoin
Podcast
Jedi hosts Jameson, co-founder and Chief Security Officer of Casa, to discuss various crypto concepts, including Bitcoin, decentralization, and self-custody.
The conversation covers topics such as ETFs, institutionalization, and the potential risks of centralization.
For the next two weeks, you can look forward to a lot of alpha from Lavina, Luke, and Emiri.
Hix0n is signing off for two weeks starting today.
stay safe homies,
Hix0n 🫡
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