Bitimmortal

Spot DEX volume is down bad
from $130B to $25B weekly
down 80% over the last 12 months

spot trading volume is rising again
june saw highest volume in 4 months
bullish if this momentum continues

BTC and ETH dropped over 20% in last 30 days

bear markets don't just destroy retail
they destroy everyone
retail portfolios down 70%
altcoins down 90% to 99%
vcs sitting on massive unrealized losses
btc miners revenues collapsing
market makers liquidity dries up
founders cutting teams, runway disappears
exchanges trading volume collapses
project githubs go silent
builders funding becomes almost impossible
it's a stress test for the entire crypto industry

bitcoin's greatest strength is its price

If you successfully wasted 5 years in crypto
lost all your hard earned money
and still waiting for the bull run
you are my friend

If you successfully wasted 5 years in crypto
lost all your hard earned money
and you're still waiting for the bull run
you are my friend

After the $UNI prediction, Standard Chartered says $AAVE could reach $3,500 (50x) by 2030
- TVL dropped from $45B to $12B
- Staking dropped from $1B to $160M
- Active loans fell from $30B to $10B
Why are institutions betting so big on the future of DeFi?

People say crypto has changed
they're right
Before 2020:
- Bitcoin ETF was just a dream
- Tokenization was a theory
- DeFi was still being built
- NFTs hadn't gone mainstream yet
- Institutions barely touched crypto
- Stablecoins were tiny
- Ethereum staking didn't exist
- No nation held Bitcoin as a reserve asset
- Onchain finance was an experiment
- Prediction markets were tiny
- Infrastructure was fragile
Today:
- Bitcoin ETFs hold hundreds of billions
- Gold, stocks, bonds and real estate are being tokenized
- DeFi secures billions
- BlackRock, Fidelity and Wall Street are here
- Even the

there are only two possible outcomes for crypto from here
either this entire industry slowly fades away and dies over time, including Bitcoin
or the next bull run will create more wealth than most people can imagine
there is no middle ground
if crypto survives, we're all going to make it

Been a good month for my DeFi bags
my trades this month:
- $EIGEN 2x from the bottom
- $MET +80% from entry
- $W still running strong
took profits on $SXT and $ZKC then re-entered lower

Crypto and Altcoins