🥚 Dollar Crash, Gold Parabola & SOL/ETH Flippening. Happy Easter!

GM and happy Easter to those who celebrate.

Some pretty interesting moves are happening right now. And no, it’s not the degens on Solana trying to make money off Pope’s death.

As for Bitcoin, it seems the hopium we dealt here during the past week’s commentary is starting to materialize. Today’s 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 wouldn’t 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's 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 aren’t 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, it’s 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 “staking market cap”. Not looking good for the ETH bros.

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The important bits.

• Mode releases new article “Mode 2025: Full Stack DeFAI”

• Peapods Finance is now live on Berachain

• Berachain will host a developer cohort in Nigeria, join here

• Hyperlend releases a new mobile version

• Infrared Finance teases “big week ahead”

• Kinetiq, Hyperliquid staking protocol, announces “Kinetiq Earn” 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: “I think we’re gonna see a race towards countries adopting Bitcoin.”

• EU’s Christine Lagarde urges swift action on the legislative groundwork for a digital euro

Charts and stats of the day.

• Crypto VCs aren’t printing the same gains in 2025 as last cycle

• Sentiment on Hyperliquid reached $10m TVL

Crypto taxes? Absolute pain.

Sifting through receipts, crunching numbers — it's a yearly ritual of suffering. Throw crypto into the mix, and it’s full-blown chaos.

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Well, it doesn’t necessarily have to suck.

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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.

There’s 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?

Once again, volumes on Ethereum are abysmall.

• Osito (Berachain)

• Mibera (Berachain NFT) - Reveal is live

• Roots (Berachain RWA)

• GRQ (Berachain TOMB fork)

• ARENA (Crypto + AI app)

• DeSwarm (DeFAI on Berachain)

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, here’s an interesting take on the overall math. And it’s mathing.

stay safe homies,

Hix0n 🫡