🤑 Checked These Stats and Said: "The Pumps are HERE"

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GM, guess who’s back.

Hix0n’s comeback timing is impeccable. Right now, shortly after Vitalik saved Ethereum with his new crypto lullaby, the industry crowned its new number-one KOL, and a fight of the year between Bitboy and Ansem got scheduled; I have zero doubts that we’re SO back. 

Now, back to our more usual half-coherent market ramblings. Starting with Bitcoin, the seasonality seems to be playing out to the dot. Hopefully, you made it through September unchopped, and our earlier warnings served you well. 

Now, we are heading into a green close, which not only leads to October as one of the historically most bullish months (check the stats), but this time, we have an election year slash post-halving “Uptober” combo on our hands. With the odds of a green close and the realization that the last six months of chop were pure reaccumulation, not distribution, we have no choice but to stay bullish.

Next, the Bitcoin dominance chart hints at a potential deviation, possibly signaling a downturn after nine solid months of uptrend. It’s still a big ‘if,’ but once we peek at the TOTAL3 chart, excluding BTC and ETH, we catch another confirmation of possibly one of the largest altcoin runs, lurking on the horizon.

To close this, remember that dips are always coming and they might be near, but the pumps, the pumps are here…

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Ordinals Season 2

After a long, painful pullback and reaccumulation, Ordinals are making a solid case for a second bullish season. 

The leaders of the Ordinals NFT arena, like Bitcoin Puppets and NodeMonkes are confirming the bottom as we speak. Little alpha here might be watching O.P.I.U.M, which is the original Bitcoin Puppets collection, but with only 777 total supply, compared to 10K Puppets, sitting at almost the same price tag at the moment. 

As for runes, PUPS is clearly in the lead regarding the higher caps. One of the nice and also pretty funny underdogs here is Mr. Yen Japanese Business man. 

Besides the typical meme and pfp scene, a whole new DeFi and infrastructure frontier is blooming on the mother chain as well: 

• MotoSwap: the first DEX built on Bitcoin layer 1

• OP_NET: Bitcoin layer 1 smart contract metaprotocol 

• SLOHM Finance: OHM of Bitcoin

• Op.fun: Pump.fun version for Bitcoin, built on OP_NET

The important bits.

• Cega (DeFi) - Unveils Vault Token Market

• Citrea (Bitcoin ZK Rollup) - Citrea public testnes is now live 

• Citrea (Bitcoin ZK Rollup) - Citrea public testnes is now live 

• Sonic Labs (L1) - Announces Curve Finance deployment

• Tari (PoW L1) - Announces incentivized testnet

• Core DAO (Bitcoin DeFi) - Ranks as number 1 Bitcoin sidechain

• API3 (Oracles) - Announces partnership with Blocksize

Even more important bits.

• Germany shuts down 47 crypto exchanges in global cybercrime sweep

• Singaporean, US partner face charges over $230 million Bitcoin scam

• Scaramucci is working with Harris on crypto policies

• 4 days remain until CZ prison release 

• Sean 'Diddy' Combs moved to same Brooklyn jail unit as SBF

Life gets busy so here’s what you’ve missed.

Bitcoin Ordinals OG EXCLUSIVE Interview

Podcast

Jedi hosts Erin, a co-host of the podcast 'Hell Money'.

Erin shares her experience with creating a podcast about Bitcoin, and her thoughts on Ordinals and the NFT space.

Tune in on Spotify | YouTube →

To save you doom scrolling.

It’s happening; all of us shall become the Lisan al Gaib god-tier trader.

Everywhere you look, you see pumps. If you’re one of many who got caught with their pants down on this post-rate-cut bullazooka, don’t get too hard on yourself. Instead, zero in on patience as you hunt for the right entry.

A pullback is always lurking around the corner. Nevertheless, if this is a genuine bullish breakout, the dips will be shallow and fleeting. At times like these, it pays to be able to swallow one's mistakes quickly and re-adjust. 

There were many who spent whole bull markets in a bearish bias, stabled up.

The choice, as always, is yours.

stay safe homies,

Hix0n 🫡