😹 Retail Mogs The Suits, ETH Flipped BTC, But Will It Last?

GM and a GM it is indeed.

Everywhere I look, there are bullish signs. Will the sidelined finally snag an entry? Even if it doesn’t seem like that, they may do so during the next few days, perhaps even earlier. If that’s you, get ready. There’s always another entry - patience over FOMO.

Now, as long as Bitcoin stays above $100k, one must remain bullish and in dip-buying mode. If we lose $100k (means closes below on higher timeframes, wicks don’t count), there might be a more prolonged dip/consolidation period, but that’s chat for another time.

There’s one thing to drill into our brains in order to stay bear-resistant: Bitcoin is currently printing the most bullish quarterly candle in its history. Yes, in its whole history. This all smells like a banana to me.

Stablecoin dominance continues to be bearish, but as we said, we need to be cautious about the next support area. It’s still a pretty long way from here.

We live in unprecedented times, where retail mogs professional funds while the suits sweat in uncertainty, not knowing what Trump’s next step will be. Meanwhile, everyone on X who bought the bottom when Orange Man said it was a good idea is winning now.  

As for the promised land of altcoin season, it seems we’re firmly entering “the zone.” The real driver here is ETH's strength. Currently, ETH is topping even BTC volumes and is increasingly deflationary, all the while the Ethereum Strategic Reserve stacks massive amounts of it.

In my opinion, we enjoy a PvE season as long as ETH thrives (and not only on Ethereum, altcoins in general). Not quite like the ones before where you can just throw darts around blindy, but if you pick the right ones, there’s a lot of fun ahead.

Good luck!

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The important bits.

• Magic Newton featured in new blocmates article, learn how MN fixes UI using AI

• MegaETH showcases how real-time blockchains work, watch here

• Believe launches are now available in a new dashboard, check here

• Dinero reached $200m TVL and is currently very undervalued, explained here

• Native SOL and Fartcoin deposits are now available on Hyperliquid using Unit

• Sonic announces integration of native USDC

Even more important bits.

• Thailand is launching a $150M investment-grade G-Token

• Senator Lummis calls to end the tax burden on Bitcoin and crypto

• Republican tax bill raises US debt limit by $4 trillion

• Coinbase announces new encrypted messaging for the Coinbase wallet

• President Trump officially signs strategic economic partnership with Saudi Arabia

Charts and stats of the day.

• Twenty One announces 4,812 BTC ($458.7M) Bitcoin purchase

• Bitcoin bull score reached new yearly highs

• Abraxas Capital bought another 33,482 ETH ($84.7M) in the past 12 hours

• Jack Mallers' Twenty One Capital buys 4,812 Bitcoin worth $458 million

• $2.2 trillion added to the US stock market yesterday

• HyperEVM just hit $1B TVL

• Hyperliquid open interest has gone parabolic

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DUPE/SOL 1H Meteora

DUPE is probably the Internet Capital Markets project shilled most heavily by @himgajria on Twitter. This is the alpha account that started the crypto x AI bull market last year, and he’s taken on the same mantle when it comes to promoting this new startup meta. Check out yesterday’s Degen Corner for details on what’s emerging here.

The main coins ripped hard yesterday as the initial attention broke. Today we’re seeing some healthy pullbacks, and I think this DUPE retrace is a good spot to DCA. That’s a big purple box, because I’m not certain how deep it goes, hence the DCA recommendation - you can set these up on Jupiter. Anywhere under that VWAP (blue line) or Point of Control (red line) will likely be a good spot to buy.

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!

Speaking of Ethereum, the comeback is real, even from the mindshare point of view. The regime shift is in full progress.

• Tibbir (Fintech, AI)

• Assetic (AI fractional investing)

• Berancia (BGT yield maximizer)

• Cleopetra (DeFi, LP provision on Solana)

• HyperTracker (Track wallets and perp. positions on Hyperliquid)

• YO (Multichain yield optimizer)

To save you doom scrolling.

I have to share this one for those who missed it. The bottom/top indicators in crypto never cease to amaze me. Best market in the world.

It seemed like we had all the fuel we needed to send past all-time highs. But now, we also have Cramer saying it’s impossible for Bitcoin to reach $200k this year.

Higher imo.

stay safe homies,

Hix0n 🫡