GM, did you feel the vibe shift?
Our loyal readers fully realize Bitcoin’s pumpback to over $60,000 is significant. The production cost level is once again confirmed as a titanium stronghold, historically an area of golden opportunity. Expect some choppy waters to digest this pump, but we can confidently declare Bitcoin is poised to continue its historic bull run.
Fundamentally, everything is setting up fantastically for ETH as well. We now have a confirmed launch of ETH ETFs coming up next week on July 23rd. Larry Fink is once again full-shilling Bitcoin on live TV, and Powell is hinting that ‘If the FED waits for inflation to get to 2% to cut, it’s waited too long’.
Not to even mention, this bull run shall be remembered as the ‘Trump Pump’. Our new crypto and a mogger by nature must be protected by all costs. If anything happens to Trump, it will undoubtedly result in a black swan event. Fortunately, Trump literally wields the Armor of God.
Everyone should make their conclusions, but speaking for myself, I’m the most bullish I’ve ever been in my whole life. We’re living through history and are actively part of it.
If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!
BTC/USD Coinbase 1D Log Chart
$BTC is looking pretty good here, with big ETF inflows, German jeets out, and a nice impulse move to the upside. We’ve just reclaimed the 200 day MA and key $63k resistance. In the immediate term price needs to show that it can hold this level. $67k is the next big one, and then the downtrend break.
A big part of what is making me bullish is Coinalyze aggregated long / short accounts (switch to 1D timeframe). This metric has been coming down from an unhealthily high number. We’re now at a 1.42 ratio of longs to shorts and trending lower as price trends higher - this is exactly what you want to see to mimic previous breakouts (mid-October ‘23 at $27k and Feb ‘24 at $43k). The ratio came all the way down, close to 1:1. as the price moved up. Longs closed early, and shorts opened into the range high, providing more upside momentum.
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!
Hyperliquid Point Strategy Update
If you missed out Hyperliquid piece last week, definitely catch up here.
Today, there’s an important point (pun intended) to be made. The point-stacking meta is largely revolved around Hyperliquid’s new spot markets. Many traders still believe they are getting the most points by creating volume in perpetual markets. Nevertheless, looking at this little report as an example, it’s very clear that most points are now given to PURR holders, traders, and traders who create volume in spot markets. Even a very small volume here yields a significant number of points.
Reports and analyses now suggest that 1 point will be valued at $50 at launch, which is pretty crazy.
So, the game here is to:
Hold as much PURR as possible (the main memecoin, yields most points)
Build volume through spot trading
Use the shitcoin list to attempt to increase your PURR holdings
Stack as many points as possible until the September HYPER launch
Good luck, and if you’re new, join Hyperliquid here.
Also, here is a VERY useful dashboard to watch old and new spot coins.
The important bits.
Even more important bits.
M2 money supply is breaking out - read
Mysterious whales are accumulating LINK - read
Degen L3 bridge is bugged - do not use - read
Trump’s new VP holds $250,000 worth of BTC - read
Trump confirms attendance at Bitcoin Conference Nashville - read
The Craig Wright judgment just dropped - read
Tornado Cash dev’s bail gets denied, and another’s trial gets postponed - read
Life gets busy so here’s what you’ve missed.
How to Master Hyperliquid: Airdrop & Points Strategy Guide
Podcast
In this walkthrough, Grant takes you through the Hyperliquid platform. Hyperliquid is a decentralized exchange offering perpetual trading with top-tier speed, liquidity, and competitive pricing.
To save you doom scrolling.
It's a bit off-topic, but it’s great that GANGSTEROFLOVE found Trump’s saviour. Now, everything makes sense…
Tapioca just updated us on their oTAP V2 UI, and I can’t wait to see this all in action. Moreover, during the last few weeks, there was a noticeable uptick in the market’s focus back towards fundamentals. Tapioca is looking more and more like a leading fundamental DeFi pick of this bull run, in my opinion.
stay safe homies,
Hix0n 🫡
