TheBreadmake

altcoins have seen $209 BILLION in net selling since January
one sided distribution
BTC and ETH held
everything else got drained
what will happens when selling pressure finally exhausts itself?

BlackRock just filed for a staked $ETH ETF
let that sink in
34% of ETH is already locked
another ~$10B potentially getting locked
Ethereum is becoming yield bearing institutional collateral

what were we expecting?
he already told us in 2019

crypto ETF inflows and outflows in past week
over the past week, there have been small capital outflows from key crypto ETFs
$BTC showed an outflow of $315M
$ETH showed an outflow of $123M
$XRP showed an inflow of $1.84m
$SOL showed a net inflow of $14.31m

gm ct
sometimes it can be very scary
but we should not give up

Fear & Greed under 13 since 4 Feb
the last two times we lived here for weeks, it aligned with cycle lows

$61.5M liquidation printed tonight on
one order
one wipeout

trending portfolios in last 30 days
Tron Inc. -$14,9M
Strategy -$16,3B
Bitmine -$4,37B
this is what long duration positioning actually feels like

gm ct
i still remember what green candles look like
we'll see it again soon

crypto market maker strategy

buybacks are starving DeFi innovation
Aave spent $45M buying back $AAVE
Today it’s worth ~$25M
Now Labs is asking the DAO for $51M to build six new products: Aave app, card, pro, kit, etp, and Horizon
every dollar used to support price is a dollar not compounding into innovation

Bitcoin just flashed a signal that has only appeared near generational bottoms
Short term Sharpe Ratio: deeply negative
Current reading: matching 2015, 2019, and late 2022
every prior time this zone printed, it marked the end of maximum pessimism
extreme pain has historically been extreme opportunity

Eric Trump and Michael Saylor just said the same thing at the same time:
they’ve never been this bullish on Bitcoin

something is clearly brewing on $PUNCH
9K holders → 15K holders in day
$32M volume in 24h
$36M market cap
Top 100 control 55%
$50M isn’t a stretch if momentum holds