DeFiWarhol

Large orders are starting to show up again, and to me this means that whales are getting more active rather than this move being driven entirely by people opening leveraged longs.
Which is a good sign IMO.
I think $BTC still needs enough actual spot demand to absorb the sellers sitting around $82K–$83K. If it can clear that level and hold above it, the bullish case starts looking a lot stronger.
If not, I think we have a bit of a correction folks.

This pie chart is just insane.
93.5% of the trading volume for tokenized stocks on Solana comes from different trading bots.
Just 6.5% comes from retail.
In other words, nearly all of the flow around you is automated.
This is who you're trading against.

The heist itself isn't the most interesting story here, we've seen dozens of those already.
Here's my question:
How did this guy manage to off-ramp $10M+ into cash in the United States?
This isn't the UAE, so you can't just swap 5M USDC into cash without someone noticing lol.

In the last 24 hours, @ponsdotfamily has generated more fees than:
• Uniswap
• Circle
• PumpFun
• Polymarket
• Hyperliquid
Oh, and the entire @RobinhoodCrypto chain.
That's insane...

There aren’t enough actual buyers for $BTC yet.
Let me explain.
The latest move up was mostly driven by shorts getting liquidated and buying back their positions to close.
It can send price flying in the short term, but it isn’t the same as new buyers coming in and opening fresh long positions.
For this rally to actually hold, we need to see fresh long positions and spot demand start taking over.
Just some food for thought. Stay safu.

Wow!
Top TradFi firms are suddenly fighting to hire crypto talent.
This is where real adoption is happening.