
GM and happy Easter to those who celebrate.
Some pretty interesting moves are happening right now. And no, itβs not the degens on Solana trying to make money off Popeβs death.
As for Bitcoin, it seems the hopium we dealt here during the past weekβs commentary is starting to materialize. Todayβs move on BTC might lead to a meaningful structure shift: after three long months, we see the RSI trying to re-establish itself over the 50 level. Promising.
It remains to be seen if this move is sustainable, but it wouldnβt be too surprising to see BTC back over $90k either by the end of this month or early next month.
On the macro front, Japan's and the EU'sΒ M2 money supply is soaring. DXY is basically crashing out, and gold is making a parabolic advance, which most likely signals an overextension of this current and frankly historic move.
What about our dear altcoins, then? The red flag today is the fact that they arenβt following BTC all that much. Perhaps we have to wait a little bit more, but we already see the index hovering around all-time lows, historically signaling a profitable long-term buy zone.
For now, itβs worth looking for strength, which is currently mostly seen in SOL/ETH and HYPE.
Speaking of Solana versus Ethereum, SOL just flipped ETH in the βstaking market capβ. Not looking good for the ETH bros.
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The important bits.
Mode releases new article βMode 2025: Full Stack DeFAIβ
Peapods Finance is now live on Berachain
Hyperlend releases a new mobile version
Kinetiq, Hyperliquid staking protocol, announces βKinetiq Earnβ with Veda Labs
Even more important bits.
Vitalik Butterin has proposed replacing the Ethereum Virtual Machine
Galaxy Research has proposed a new voting framework called MESA
CZ: βI think weβre gonna see a race towards countries adopting Bitcoin.β
EUβs Christine Lagarde urges swift action on the legislative groundwork for a digital euro
Charts and stats of the day.
Crypto VCs arenβt printing the same gains in 2025 as last cycle
Sentiment on Hyperliquid reached $10m TVL
Crypto taxes? Absolute pain.
Sifting through receipts, crunching numbers β it's a yearly ritual of suffering. Throw crypto into the mix, and itβs full-blown chaos.
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Well, it doesnβt necessarily have to suck.
Crypto Tax Calculator is built for degens like you. With over 1000+ integrations, a custom shitcoin pricing oracle, and the superpower to handle your on-chain terror.
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BTCUSD/ES1! 1W Log Chart

Bitcoin continues to show huge strength vs. SPX (BTC / SPX futures shown above), with the high-timeframe uptrend very much intact. I think we could decorrelate from US markets for some time here. A lot of capital has been exiting US stocks & bonds, and this could be a longer-term trend, given the tariff chaos that is currently driving uncertainty.
Thereβs some evidence that the Asian market has been driving the recent BTC bullishness. Bitcoin is now tracking Gold outperformance more closely than SPX underperformance. The great Digital Gold decoupling could actually be upon us this time.
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!

Profit taking on Fartcoin here. Will hot air keep rising?

Source: ChainEdge
Once again, volumes on Ethereum are abysmall.

Source: ChainEdge


To save you doom scrolling.
I think I found a new candidate for our market commentary section. Eloquently put.

Last Friday, we debated the state of Berachain. With Boyco unlock as a very important milestone coming up on May 6th, hereβs an interesting take on the overall math. And itβs mathing.
stay safe homies,
Hix0n π«‘


