🦀 Chop Chop, Then Higher for BTC? Let's See.

Before we jump in, make sure to check out the Meal Deal:

To navigate crypto bull markets correctly, one needs to have a crew with which to bounce ideas.

That’s why we created the Meal Deal—a lifeline for the professional degen and a gateway to an active crew grinding every day to make it in crypto.

GM, I need volatility.

At this point in the cycle, I’m so overdosed with choppy price action that I would rather see another proper nuke. Well, maybe not, but you know what I mean.

There’s quite a lot of liquidity sitting above $100k right now, so perhaps we can smash above there? Find out more about where BTC stands price-wise in today’s Luke chart below.

Fundamentally, things are simply getting better. Even though yesterday’s David Sacks crypto session wasn’t as exciting as many expected, we now know there’s a plan to at least “evaluate” a US Strategic Bitcoin Reserve, and the SEC deployed a whole new task list—this time friendly towards the crypto industry.

Hopefully, we can leave this Twilight Zone earlier rather than later. ETH is especially plagued by this price action, although we see pretty large ETH inflows, with BlackRock’s ETF buying the largest amount to date.

Even though it seems impossible at this point, ETH finally pumping would help the altcoin market overall.

Finally, looking at the TOTAL2 chart, it seems that the worst for altcoins could be over, at least for now. Let us pray.

🧑‍💻 Join the Discord | 🐥 Follow Twitter | 📊 Sub to YouTube & Spotify

If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!

Bitcoin is still ranging, and it seems we’re in a news-driven chop regime. Last night’s Crypto Czar press conference with David Sacks was somewhat frustrating for what seemed like a lack of bag-pumping news, but we did learn that the new US Sovereign Wealth Fund will likely not include BTC. It’s still being considered for the separate Bitcoin Strategic Reserve. This BSR probably needs congressional approval, meaning it could take some time.

This is the significant catalyst most people are waiting for, so we can probably expect more chop - don’t get shaken out, and don’t overtrade this messy PA. I’m not trading it at the moment and mostly hiding in spot HYPE.

We have a VERY pro-crypto administration and a pro-Bitcoin soon-to-be-confirmed Secretary of Commerce in Howard Lutnick. He and Cynthia Lummis, amongst others, are fighting hard for this to be a reality

.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!

Smart-money movements on Ethereum.

Smart-money movements on Solana.

Berachain and MegaETH are leading the mindshare.

The MegaETH NFT mint checker just came online, and you should definitely see if you’re eligible.

Considering the 10,000 NFTs getting airdropped 5% of the MegaETH supply, the possible returns on 1 ETH mint are pretty nice; I have to say.

Here’s a little moon math you can check for yourself

Lastly, don’t forget to dive deeper into MegaETH in our latest research article. This one certainly looks promising.

Hedgewater DAO are bringing the AI Investment DAO concept to Hyperliquid. They have a tokenomics announcement that is due today (we’ve been waiting on the AI16Z one for weeks and weeks).

The chart looks to be slowly carving out a bottom, and I expect bullish structure to emerge as we get closer to the HyperEVM launch. The market cap is still very low at around $5.7m. I believe I heard Grant say he is LP-ing on today’s weekly Hyperliquid eco stream. These are essential watching, given that the EVM launch is imminent and will be a game-changer for the chain as literally hundreds of projects will launch into this new composable environment.

New content to study.

New updates & projects.

The important bits.

Even more important bits.

Charts and stats of the day.

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

Podcast

CH shares insights into his journey at Bitget, the rapid growth of the exchange, and his deep involvement in the Bittensor ecosystem.

The lads dive into the complexities of Bittensor's development, the impact of DeepSeek, challenges in the crypto space, and the evolving dynamic between closed-source and open-source technologies.

Tune in on Spotify | YouTube →

To save you doom scrolling.

Yea, we’re taking over.

If you’re bored as me, I think we’ve got plenty of opportunity coming up on Hyperliquid.

I can definitely recommend tuning in for this one:

stay safe homies,

Hix0n 🫡