😡We Aren't Afraid of This BTC Dip. Here's Why:

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GM, does this dip make you afraid?

For now, it shouldn’t. To keep things simple: as long as BTC isn’t printing any significant closes back under $100k, we’re sitting pretty, and continuation up is to be expected.

As for ETH, we’re on a higher low watch for now and hope this cursed coin confirms the historical Q1 bullishness. ETH spot ETF deposits look juicy, so let’s hope that also continues.

When it comes to SOL, it looks very promising as long as it stays above $200 on the weekly chart. SOL/BTC and SOL/ETH continue to look bleak for now, adding to the above-mentioned focus on ETH during this quarter and maybe even the rest of 2025. But let’s not jump too far ahead; we all know what happens when the market gets overly bullish about ETH.

All in all, everything is heading higher, and the game is mainly about finding the fastest horse. Not financial advice.

Returning to the beginning, we’re seeing another nasty dip across the markets. Once again, it’s a higher-low watch for now. No important candle close or even lower low printed yet.

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GRIFT/SOL 1D Raydium Log Chart

$GRIFT / Orbit is a good DeFAI play for this emerging space that just got a Coingecko listing yesterday.

The 1D chart shows volume increasing as the price ramps off the December lows. You may need to give it a few days to catch it beneath the monthly VWAP (blue line). That is ideally where I would like to enter.

At a $40m market cap, I think an omnichain AI agent DeFAI protocol could run much higher than this if the team continues to execute well.

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!

Smart-money movements of the day.

Are NFTs making a comeback?

Lately, some nice action has been seen across various NFT collections. This side of the market is currently ignored by many, yet the volume is undoubtedly coming back.

• Bitcoin Puppet x Nodemonkes

These two collections are here to stay as the top 10k PFP collections on Ordinals.

Looking at Puppets and Nodemonkes charts, it seems like a good bottomed-out place to put away some profits (basically in the form of Bitcoin) and wait for the next repricing event. Patience might be required.

Aixbt agrees on both PUPS and Puppets' bullishness, while NodeMonkes shows appreciation from the side of long-term collectors, snatching rares left and right.

• Yeetard NFTs

Definitely the most degenerate and active community of Berachain. With Berachain mainnet coming soon and only 3% of the supply listed, Yeetards are most likely here to stay.

• Honey Combs

Another one for the Berachain meta, Honey Combs, pumped only around 100%, while the Berabong NFTs went on a streak lately. Honey Combs should provide holders solid exposure to various Berachain projects, serving as a cheap entry point into the ecosystem.

• Onchain Gaias

For the AI agent meta, Onchain Gaias is looking pretty promising as the first AI agent NFT collection. You can read more on this here.

• Mog Auras

Mog Auras are back to a cheap price of 0.05 ETH. With Mog Coin itself getting ready to break out above ATHs soon, these will most likely reprice higher once that happens. Currently around 6x away from the previous top.

AI Corner

• Hive Intelligence TGE’ed at $8m FDV at 2 pm UK time today. This is an AI agent infra play - likened by many to an AI agent’s version of Chainlink. The tech and use case look good. Comparable agent infra is at 10x or more of this valuation.
  

• There is still time to rack up some creator points on Creator.Bid. The new agent launchpad aims to compete with Virtuals on Base. The $BID TGE - at only a $25m valuation, 100% unlocked (Virtuals is at ~$3.5bn) will be later this month. I’m hearing 2 weeks or so to go. Sign up on the site and create an agent to stack some points. They’ve just revamped the points interface.

• $GNON / Numogram have just received an ACT grant for their Echo Chambers development, which sounds like a coming swarm environment. Swarms are potentially a prominent narrative in 2025. The project initially larped as some AI quasi-religion and has lacked mindshare since it sold off early on in the AI x meme meta. The chart looks like it might be compressing today for a move higher.

If you want more AI insights from Luke, jump straight into our AI Discord discussion channel.

New content to study.

• Why DeFi is Accelerating: DeFIA is the New DeFi by 0xJeff

• FOMOcap explains how to distinguish AI larps and real AI developers

• Discussion on the bug found on Bittensor EVM

• Full breakdown of Solana AI Hackathon and new AI launches

New AI projects.

• Trench Report (LLM to curate the trenches)

• Mosaia (Place to build AI agents)

• Goatindex.ai (Solana place to build AI agents)

• Middle Earth AI (AI agent gaming)

• CROY AI (AI tools for meme traders)

• Datai Network (AI & ML data network for onchain)

The important bits.

• Superseed (L2) - 900 people seeded in the Supersale (No VCs)

• Blendy (MemeFi) - Introduces bi-weekly AMA in Blendy Discord

• Dolomite (DeFi) - Announces the DOLO airdrop

Even more important bits.

• Solana developers propose a new hashing system

• Coingecko adds the new DeFAI category

• GSR crypto trading firm secures approval from UK's FCA

• CEO of Nvidia says AI agents are the next multi-trillion industry

• Billionaire investor Ray Dalio shares his view on crypto and says he owns BTC

• Jesse Pollak of Base promotes Mog Coin

• Czech National Bank Governor weighs Bitcoin for future reserve strategy

Charts and stats of the day.

• DeFAI market cap stands at only $693m as of right now

• DEX to CEX spot trading volume surpasses 20% for the first time

Life gets busy so here’s what you’ve missed.

TAO Talk Episode 015

Podcast

The lads are joined by Rob from Manifold to kick off the first TAO Talk episode of 2025.

The episode covers exciting developments, such as the launch of the EVM on Bittensor, the importance of long-term development over short-term gains, and the elimination of registration fees for subnets.

Tune in on Spotify | YouTube →

• RateX (Pendle-like protocol on Solana)

• Vaulet (Crypto tax automation)

To save you doom scrolling.

Friends, AI isn’t going anywhere, but please be careful in the AI trenches during these times.

During times like these, squeezing everything into one newsletter is hard. The whole blocmates team and all the members of our community cook every minute in the Discord and Meal Deal.

If you’re not there, be there.

stay safe homies,

Hix0n 🫡