CryptoShorts
@0xcryptoshorts.eth
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⚫ @MarinadeFinance lost market share, dropping from 40% to 15%. New projects like $CLOUD could gain popularity, while Binance and Bybit may increase their market share.
⚫ Stablecoins have become a key innovation of this cycle. @Venmo and @PayPal integrated @ensdomains, enabling the transfer of funds to simpler ENS addresses, potentially facilitating payment adoption.
⚫ In Singapore, stablecoin payments reached a record $1 billion in a single quarter, while Tether generated $6.2 billion in profit, surpassing @BlackRock.
⚫ Stablecoins are a massive business, as seen by Tether’s $6.2B profit with a $118B market cap. This could be a strong incentive for TradFi to enter the market.
⚫ The @friendtech project, after generating $44M in revenue, was abandoned by its creators. A top investor suffered significant losses—$16M. 0 reply
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⚫ In March, Layer 2s had to pay Layer 1 a "fee" tax of 10,000 ethers, but by July, it was below 400, showing a massive drop in activity.
⚫ Scaling Ethereum through Layer 2 would require a significant increase in their number to reach previous levels of activity.
⚫ Ethereum could become inflationary or deflationary, depending on Layer 2 adoption and large TradFi projects that may initially launch on Layer 1.
⚫ A rise in demand for Layer 1 block space could restore Ethereum's deflationary nature.
⚫ The future of Ethereum, particularly in the context of ETFs and the return to growth in crypto, is a question for the coming years, not weeks.
⚫ Binance and Bybit introduced their liquid staking tokens on Solana—$BNSOL and $BBSOL, respectively, quickly reaching $17M and $10M TVL.
⚫ Solana’s Liquid Staking Ratio is 6.3% of the total supply. 0 reply
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Crypto O'Clock Podcast (15.09.2024)
⚫ Bitcoin hit $60K, bouncing to $60.6K. Kevin predicted two scenarios – a possible drop to $49K or a rebound from $54K. The market looks bullish, but caution is advised.
⚫ The rebound was driven mainly by Bitcoin, with altcoins, especially strong ones, not performing as well. Ethereum isn’t outperforming Bitcoin, as seen on the ETH/BTC chart.
⚫ On Friday, over $100 million flowed into ETFs, indicating improved sentiment. The author predicts a potential correction, which may occur due to market reactions to interest rate decisions on September 18.
⚫ The S&P 500 is close to its all-time high, suggesting market strength. However, events like an interest rate cut could increase volatility, leading to sudden spikes or corrections. It’s essential to stay cautious, avoiding confusing being “bullish” with gambling. 0 reply
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🟣 Oskar's Portfolio: Oskar holds about 50% of his funds in stablecoins, 30% in Ether, and 20% in other altcoins. He is gradually acquiring assets but waits for clearer market signals before increasing his exposure. He ensures full control over his portfolio, avoiding capital dispersion.
🟣 Crypto Investment Portfolio: Admits to holding 5-10% in stablecoins, with significant investments in Ethereum and altcoins, though some altcoins are down by up to 70%.
🟣 Portfolio Management: Investors often make the mistake of spreading funds across various wallets, complicating investment management. It’s important to track all assets, e.g., using CoinGecko.
🟣 $MOG: After its release on Bybit, $MOG experienced a significant drop but is speculated to potentially rebound quickly if market sentiment improves, indicating a potentially good investment opportunity. 0 reply
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🟣 Ethereum ETFs: The situation is somewhat better here. Selling pressure is minimal. Mainly sales are coming from Grayscale, while purchases remain stagnant, which may contribute to a lack of significant changes.
🟣 September for BTC: Historically, September is a down month for BTC. Currently, there are no signs of strength or liquidity, which could lead to further declines. Possible support is around $48,000, but the market may continue to correct.
🟣 Capital Protection: Given the current conditions, protecting capital is crucial. Market opportunities may arise, but avoiding emotional decisions and safeguarding investments from significant losses is paramount.
🟣 Q4 Opportunities: Some funds from FTX are expected to be returned in Q4, which might create investment opportunities. Rather than expecting spectacular gains, a cautious approach and securing profits are advisable. 0 reply
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🔵 On September 18, there will be a meeting where a decision may be made to lower interest rates. When overlaying the interest rate chart with Bitcoin prices, it's evident that they are inversely correlated.
🔵 Historically, following U.S. presidential elections, Bitcoin has always seen price increases.
🔵 Long-term addresses are consistently accumulating new Bitcoin, creating support at certain price levels, which also provides a foundation for future price increases.
🔵 75% of all Bitcoin has remained unmoved in wallets for the past 6 months.
🔵 In August alone, long-term addresses accumulated 262,000 BTC.
🔵 Bitcoin addresses holding a minimum of 100 BTC are at their highest level in 17 months.
🔵 94% of Bitcoin’s max supply has already been mined.
🔵 Historically, when Bitcoin was in the red zone on the Stock-to-Flow model, it entered the so-called "banana zone." We are currently in this zone. 0 reply
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