🐂 Top Callers Vs Dumb Bulls: Let`s Predict Who Wins:

GM, the top callers are back in full force.

It really makes you think… Will BTC actually top out after just a week of pumping— right after breaking out from a seven-month-long range?
Seven months of chop… one week of upside… fresh all-time highs…
Yep, that must be the top. It`s literally OVER.

Sike. I don`t know about you, but I would rather stay a dumb bull from here. I mean, look at this. If there ever were a time to take a chance, it would be here.

Of course, let`s not go pure tunnel vision: some red flags start flashing if BTC dips and closes under $116-115k and lower. So, if Bitcoin is truly bullish, it needs to behave that way. Retracing the whole pump is the opposite; that is not how BTC behaves in bull mode.

Besides BTC, many great things are brewing around ETH.

For one, ETH/BTC looks like this, even after this night`s dip. Secondly, the spot ETH ETF volumes are through the roof right now. The appetite is certainly there. Thirdly, treasury companies such as the new “ETH treasury mascot” Sharpling Gaming continue hoarding the second-best crypto asset.

On the macro side, we`ve got China printing its way out of problems rapidly; look at this liquidity chart - parabolic. This will once again boost the global liquidity index, which will (again) reflect itself in good times for risk assets. Remember: the global liquidity cycle should top sometime during the first half of 2026.

The clock is ticking loudly now, but there`s still time. Make the best of it.

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The important bits.

• Premia`s Kyan unlocks true portfolio margin with the ability to hedge your book with perps, try it out here

• FUEL mainnet is now buying blobs on EigenDA, more details here

• GenLayer saw 32k participants voting in prediction markets, more details here

• Fomo app now listed PUMP, trade here

• Newton announces a big week coming up on Base, more details here

• MegaETH launches newly styled marketing videos, watch here

• Caldera Foundation airdrops ERA tokens, claim here

• f(x) Protocol reaches 80,000,000 $fxUSD in circulation, full stats here

• Liminal offers massive USDC yield on PUMP funding rates, join here

• StarGate Finance featured in new blocmates interview, watch here

Even more important bits.

• Standard Chartered has launched spot trading for Bitcoin and Ethereum through its UK branch

• Circle has applied with the OCC to establish America's first digital currency bank

• Fejau says, “Firing Powell would be catastrophic for the market”, listen here

Charts and stats of the day.

• NVDA surges to $170/share in overnight trading after announcing H20 chip sales to China

• DeFi mindshare continues to grow, led by Hyperliquid

• HyperUnit is now the largest holder of PUMP, full statistics here

• Pump spot volumes on Hyperliquid flipped Bybit

• DXY is looking for a bounce here

StalkChain spots the next big meme coins early by tracking top wallets and smart money moves in real-time.

See what whales are buying, follow top-performing traders, and analyze token trends before the crowd.

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ETHBTC 4H - Revenge of the Chart of Doom

ETHBTC has been consolidating in a clean range, with daily and weekly opens smack in the middle of it. This morning we broke out and are looking good for another run higher, which correlates with yesterday’s Chart of the Day target of $4,140 range highs for the USD pair. Right now, BTC is struggling as US stocks pull back, but ETH does not appear to give a fuck. Send the World Computer to new highs! (NFA as always).

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!

Telemetry stats of the day:

All of the data below and more are available for free on Telemetry here.

Trending tokens:

Whale moves of the day:

On the EVM, smart money seems to be favouring IMF today (explained in our previous newsletters):

Project X

This one was shrouded in mystery for a while, and once news broke out about Project X being another Hyperliquid AMM, quite a lot of disappointment hit the timeline.

Nevertheless, the team has proven itself capable of creating a lot of hype and a very neat-looking product.

The TVL and fees already speak for themselves, as people flock to Project X as the next airdrop farming opportunity on HyperEVM.

One tip here: you can get the most points by being aggressive with your LPs. Keep them in range and try to stack as many fees as possible. The higher your earned fees, the higher your points.

Join here and get a 10% point bonus:

To save you doom scrolling.

Watching this one makes me realllllyyy excited for ETH:

Let`s check back on Berachain, possibly the saddest chart of 2025. Is there even a sliver of hope for this one?

If yes, we should see a bullish price action return on the back of this Proof of Liquidity V2 proposal. Recommended read, but in a nutshell, the team finally aims to redirect value back to the BERA token.

I could see a mother of all short squeezes happen if this goes well… Let`s see.

stay safe homies,

Hix0n 🫡