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May 9 • 7 tweets • 2 min read
Market Update: It’s a Bloodbath

Total Crypto Market Cap: $1.49T | -9.5%

BTC -9% | ETH -9.4% | MORE👇
🟢 Top Gainers
WAVES +1.6% | USDC 0.3% | MIM 0.2%

🔴 Top Losers
LUNA -36.6% | LDO -23.8% | FXS -21.5%
🗞️ Noteworthy Headlines

- UST has de-pegged against the dollar, dropping to $0.83.

- El Salvador Buys 500 BTC @ $30.7k.

- Instagram to begin testing NFT functionality this week. Image
$BTC smashed through a major support level at $34.5k and now approaches our long-term accumulation band.

Sustained price action below $34.5k indicated bears have taken control of the market. Image
$ETH also approaches our optimal long-term accumulation zone, giving us an opportunity to aggressively accumulate pre-merge Image
$LUNA approaches oversold levels not seen since last summer’s crash, when it de-pegged. Last time around this was a good buy. This time? Not so sure. Image
If you enjoyed this market update please RT the top tweet and remember to follow for more. #WAGBO 👌

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More from @0xStacker

Forrest Profile picture
May 12
MARKET UPDATE: Fear, Fear, and more Fear

Total Crypto Market Cap: $1.28T | -6.1%

BTC -5.6% | ETH -12.1% | MORE👇
🟢 Top Gainers
APE 25.6% | CELO 7.2% | GT 5.8%

🔴 Top Losers
LUNA -99% | UST -42.5% | OSMO -24.8%
📈 Analysis
$BTC fell into our long-term accumulation zone, dipping under $26k on most exchanges. Image
Read 10 tweets
Forrest Profile picture
May 12
What happens next? $ETH happens next. 👇
Everyone who maintains any constant crypto exposure is down bad right now.

These brutal crashes have happened in the past and they will happen again.
Some have escaped less scathed than others, but almost no one has been immune to the recent downturn.

Crypto funds’ core holdings are down.

Retails is down.

Exchanges are hurting.

Coinbase’s stock price has plummeted.
Read 23 tweets
Forrest Profile picture
May 11
MARKET UPDATE: 'Tis But a scratch! Just a flesh wound!

Total Crypto Market Cap: $1.43T | -5.7%

$BTC -1.0% | $ETH -3.6% | MORE BELOW👇 Image
🟢 Top Gainers
$MKR 18.1% | $MIM 0.8% | $USDP 0.8%

🔴 Top Losers
$LUNA -92.8% | $UST -41.4% | $FTM -34.6%
🗞️ Headlines

$LUNA allegedly exploited by Blackrock and Citadel Image
Read 12 tweets
Forrest Profile picture
May 11
If you lost money in UST or $LUNA it’s your own fault.👇
I didn’t write this thread to throw salt in a fresh wound or kick you while you’re down. I’m writing it to help you.
The most successful people in the world take responsibility for everything that happens to them, whether or not it’s actually their fault.
Read 27 tweets
Forrest Profile picture
May 10
Yesterday @cobie tweeted out this poll about stablecoin allocation.

Here's my take on why you should have a low stablecoin allocation right now 👇
In general, we want to be selling tops and buying bottoms right?

Buy low, sell high. Image
If you were to execute this flawlessly, you would have a 100% stablecoin allocation at the top (sold all your crypto)

...and a 0% allocation at the bottom. Image
Read 11 tweets
Forrest Profile picture
May 10
Stabilizing... Stabilizing

Total Crypto Market Cap: $1.53T | -2.5%

$BTC -3.9% | $ETH 0.1% | MORE👇
🟢 Top Gainers
$MKR +15.2% | $MATIC 6.7% | $EGLD 6.4%

🔴 Top Losers
$LUNA -45.3% | $FXS -13.8% | $GMT -13.6%
🗞️ Noteworthy Headlines

- Jamaica to launch CBDC this summer.

- Over $1B in liquidations as $BTC crashes.

- Crypto whales doubling down on long positions.
Read 10 tweets

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