- Whales and small fish are buying $BTC
- BTC is currently highly correlated with stonks
- The Fed is rising rates to catch up with inflation = markets under pressure
"Cryptocurrencies appear to be near a hyper-adoption phase, similar to that of the internet during the mid-to-late 1990s." - @WellsFargo chart via @Blockworks_ (1/n)
"Exploits like we saw with Wormhole also highlight a bull case for trading Ethereum-based assets directly on L2s rather than through bridges connecting blockchains with heterogeneous consensus and virtual machine layers." @_LewisHarland_ (3/n)