The blocmates Newsletter
Posts
💰USDT Dominance Bearish, Altcoins Bullish. Here's The Plan:

💰USDT Dominance Bearish, Altcoins Bullish. Here's The Plan:

PLUS a complete trade plan for GIGA!

May 16, 2025

GM and happy Friday to all.

We’re now somewhere around what’s called proper fuckery territory. It’s very hard to gauge whether Bitcoin busts out above $105k and continues this run or decides to tap it and then head into the high nineties. For now, the important thing is that BTC looks steady above $100k.

A clue for the next days or a week might be the USDT dominance, which looks to be in bouncy territory. However, it is still bearish on the longer timeframe, which is good for our bags.

Another thing to watch here is TOTAL 2. For now, it’s in a bullish posturing and looking for continuation unless 1.17t is lost. If that happens, we can expect deeper pullbacks all around.

With that, we have a simple short—to medium-term perspective, but when it comes to macro, it’s simply omega bullish. According to the latest Fed Philly data print, this year’s tariff madness perfectly mimics what happened to the markets during Trump’s first presidency, more precisely in 2016. And we all know what happened in 2017, right…

History doesn’t repeat, but it often rhymes.

✍️ Advertise with us | 🧑‍💻 Join the Discord | 🐥 Follow on Twitter
📊 Sub to YouTube & Spotify

👇 And if you haven’t yet, hit subscribe below 👇

The important bits.

Somnia starts NFT launch season on Shannon, get rewarded here
Sophon introduces Mintify's real-time asset discovery and trading platform, read more
Vana introduces Vana Academy, learn how to participate in the data economy here
Altitude explains the benefits of their fragmented lending system, read here
Magic Newton publishes successful first-week statistics, check here
MegaETH’s flagship perp. exchange GTE launched testnet, check it out
CoW Protocol is moving from Batch Auctions to the Fair Combinatorial Auction
Ohm posts a new proposal to implement the Cooler V2 System, read more here
Infinex introduces Yaprun, learn how to earn $6m in rewards here
Wasabi announces support for Bitcoin’s Rune ecosystem, read more
Infrared Finance implements its own swap DEX, test it out
Arbitrum announces DeFAI reward competition, check here
Layer Zero explains how Dinero becomes the cross-chain yield baseplate, read here

Even more important bits.

Metamask co-founder confirms native $SOL support is coming
President Trump says the US will send letters to countries for new trade deals¨¨
Abu Dhabi discloses $408 million investment in BlackRock's spot Bitcoin ETF
Eric Trump says it's a "race to the top" to accumulate as much Bitcoin as possible
Frank DeGods gets hacked and drained of all NFTs

Charts and stats of the day.

Abraxas Capital continues to accumulate ETH
Ethereum Strategic Reserve now holds over $2b worth of ETH
Maple Finance doubled its revenue since March
BlackRock spot ETFs bought 3,960 BTC and 3,220 ETH on May 15
Aerodrome reached the most significant volume increase ever
The Aave DAO has acquired 22,214 $AAVE at an average price of 151$
1,000,000,000 USDT (1,000,000,000 USD) minted at Tether Treasury

INTRODUCING BIG MACHINES

Hey, if you like what we do here at blocmates in keeping you ahead of the crypto space, we have just launched another weekly newsletter that covers the latest news, tools, tricks and tips in AI.

It is basically blocmates for AI!

As a special welcome bonus, and a thank you, when you sign up, we will send you private access to the Big Machines telegram chat, which is filled with builders, founders, investors, and AI nerds.

Send the Big Machines main account a message on Twitter/X showing that you have subscribed, and we will send you the link.

GIGAUSDT 1D Mexc

This GIGA squiggle is tracking, and the setup is in my buy zone. It’s the strongest Muradcoin reversal setup I’m seeing right now. I’ve used the Mexc chart for the price history, but this is also listed on Coinbase.

I would like to see the 50 level in that little RSI channel hold on a daily closing basis, and of course, price needs to stay in the cloud (seems very likely to me). As per the current setup trend, the target is that big 1D cloud flat top, and as always, my ichimoku settings are doubled and dialled to crypto, not the tradfi defaults: 20,60,120,30.

On the Internet Capital Markets front, I think we see an ongoing correction for maybe a week or so, just based on the strongest coin’s PA (launchcoin). We came out of the gate a bit too hot and launched a bazillion coins that went nowhere, and now we just need to burn off that initial excess speculation. I still believe we’ll see some great projects in this meta once the initial blind hopium has been extinguished.

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!

Solana smart-money flows continue to prefer rising hot air combined with a new set of Believe launches, which gather some significant volume currently.