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WilderMan

@wilderman

99 Following
21 Followers
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WilderMan
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Wagmi
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Music NFTs failed because the hype did not meet reality.
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Super early
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Cast cast cast
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WAGMI
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The German government chose @Bitstamp, @coinbase, and @krakenfx. - Total value transferred: $75M - Average (-2%) spread on these exchanges: $11.63M (Bitstamp has the lowest around $5.3M) - Total absorbed sell pressure: 12.89% - Potential sell pressure with the same liquidity spread: If Germany decides to sell 10K BTC, it would result in $400M-$500M sell pressure. Price impact considering the current liquidity on exchanges: 60-80%. I don't think they will sell all coins on exchanges, and even if they decide to, they need to work with better market makers. The fear is real here; the sell-off might continue in phases. But the whole scenario could be flipped if we get enough demand from US ETFs ETFs had $895M in net flow on June 5th, so such net flow is possible in the coming days, especially if you look at the whole discounted price I am also optimistic about the possibility of ETF demand absorbing the potential sell-off from Germany, and you only need a good ETF net flow day to flip the sentiment too
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based morning builders! ☀️🔵
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Happy Father's Day
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Submit your app, mint, game, or dream to the Onchain Summer Registry to show us what you've built
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adidas is commemorating the 2024 Summer of Sports, onchain Three open editions celebrating football, Base, and onchain summer, marking the brand’s debut mint on Base
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WAGMI all crypto
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WAGMI
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⛓ All trenches lead onchain
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1/ Next big project on Ordinals: @frucksBTC 🟧 Let’s dive in for more info 🧵👇
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