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- 🙀The Bottom Is In! Well, Not So Fast.
🙀The Bottom Is In! Well, Not So Fast.
PLUS a 40% supply AI perpetual DEX airdrop!
GM, the history was made.
The largest weekly Bitcoin candle was printed, and it’s no wonder. After all, the Crime season is still in full effect, so it’s to be expected that just after a Friday tariff news dump, a “mysterious” whale on Hyperliquid would open a $200m Sunday long, and finally, the White House would announce a U.S. Crypto Reserve shortly after. By the way, this is not speculation; Eric Trump literally confirmed the plan.
This past Sunday was especially huge for all the Uber drivers out there, as the Crypto Reserve announcement included XRP (which proceeded to flip ETH) and Cardano.
Today, it already seems like this news-driven move will unfortunately be retraced. So, where from here? Considering we’ve got a Crypto Summit coming up Friday, there might be another stab into $94k from here, but I wouldn’t bet the farm on it. Bitcoin is still in danger territory until it flips weekly above $95k—and SPX isn’t exactly helping the case either.
So, it’s probably wise to expect more violent chop until this eventually resolves higher, hopefully by the end of this month. Also, multiple macro data and events are coming up this week, meaning we’ll likely get whipped around some more.
This market is in a very high-difficulty mode right now, and even the best of the best are struggling to nail trades. It’s time to stay careful.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
Even more important bits.
David Sacks confirms he sold all of his crypto
Anti-Bitcoin Peter Schiff admits "Bitcoin is digital gold."
Judges dismisses SEC case against HEX crypto founder Richard Heart
The SEC has withdrawn or closed over half a dozen cases in the last week
First Solana ETF listed on the DTCC
Charts and stats of the day.
Solana surpasses all blockchains in monthly DEX volume for the fifth consecutive month
There’s a record short position on ETH
Global M2 chart continues to rise, Bitcoin lags
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.
Now you’re juggling transactions across wallets, flipping between CEXes and DEXes, and wondering if that airdrop was a win or just a taxable headache. And let’s not even start on staking rewards…
Well, it doesn’t 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 4H Coinbase
We had a crazy weekly close that fully retraced last week’s dump to $78k and filled a CME gap up at $94k. Let’s see if the Strategic Reserve news pump can stick into the Crypto Summit on 7 March. Now, tradfi markets are open—no more Sunday night, thin order books, illiquid pumps. We also have a new CME gap down to $84,650.
I opened a little long on the deviation below the reclaimed $91k range low - this was just after the US open - see above. I will close the trade if the 4-hour cannot close back in the range. We still need to hold that level, otherwise another trip back towards the recent lows is on the cards. Reclaim $91k and the yearly open is the next target for reclaim.
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!
Trump coins are leading the market bounce.
The news is in the top mindshare gainers.
gkaito.
— Kaito AI 🌊 (@KaitoAI)
8:19 AM • Mar 3, 2025
DESK: 40% supply airdrop? Yes please.
If you feel like trading this endless back-and-forth volatility, DESK might be the perfect place to park.
The DESK Launch Campaign just kicked off, with the benefit of the lowest trading fees available, a referral program, and the upcoming airdrop.
If you’re up for a generous 40% supply stimmy check, you can start trading here.
Life gets busy so here’s what you’ve missed.
DESK: Trading infrastructure for the agentic future.
Research
AI's future is agentic, there's no second-guessing here. Agents are already executing trades while we sip coffee and lazily stare at charts, pretending we’re still the boss.
Kristrey0x’s latest article on DESK dives into how the platform is revolutionizing trading with its infrastructure for AI agents.
SteadyTeddys (Berachain NFT) - Mint planned for 8th March
Henlo (Berachain meme) - Launching today
To save you doom scrolling.
If this was true, Joker 2 would actually be a good movie.
DID YOU KNOW:
To prepare for his role as The Joker, Joaquin Phoenix had to hold Ethereum for 2 years,
— Tyler (@TylerDurden)
10:51 AM • Mar 2, 2025
I think with March, we’re facing yet another treacherous month. That said, if BTC retests last week's lows (maybe even a bit above), holds there, and shows yet another strong reaction, it’s possible that this whole Q1 conundrum only prolongs the overall bull run, which we’re likely still in.
Preserve your chips, and good luck
stay safe homies,
Hix0n 🫡
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