1/
Quite scary, ngl

73% of investors are extremely bullish

And 40% of them plan to invest even more

Plus influencers screaming for 2025 being best year ever

Thing is, UBS just identified 6 out of 7 bubble warnings in this exact setup: 2/
First bubble sign: The market needed 5 years to grow 54% in the 1990s. We just did it in 2 years.

The S&P 500 has grown 54% since 2022.

Yes, it's impressive - but also historically unusual.

Nonetheless, managers-guys who know what's up-are seeing problems:

1/
MicroStrategy loses $0.496 BILLION per year.

In just 359 days, they must pay $522M to their investors.

Their liquid cash on hand: $48M.

Their plan to avoid bankruptcy is genius - or catastrophic:

🧵 2/
MicroStrategy's software business is bleeding:

Q3 2024: -$340M loss

For the past 4 years, only 2022 is marked as profitable

They can't generate enough cash to pay the debt.

So what's their plan?

1/
Hyperliquid:

Trades 100ms faster than you blink
Processes 600k more orders/sec than Binance
Prevents $12M in daily front-running losses

So, is Hyperliquid a big deal?

🧵 2/
ON THE HOUSE

Hyperliquid is gasless

it means you don't have to have some gas tokens to pay every time you submit an order

you only need USDC, the token you trade in

yes, that's quite big:

1/
MicroStrategy just convinced investors to pay $520,234 per Bitcoin

That's the biggest Bitcoin play I've ever seen: 2/
Investors lent money to MicroStrategy at ZERO percent interest.

Investors get no payments until 2029.

But that's not even the craziest part here:

Almost four months have passed

Things got spicy recently, right?

Yeah, it's time for round 2

Let's see what onchain data says: is it the end, or fireworks ahead? Friendly reminder:

Treat it as a fun fact and don't, for the sake of Satoshi, bet your grandparents' house just because of it

ok?

thx

So:

1/ It’s understandable that you are scared right now

If I didn’t know how historically Bitcoin tended to behave, I would be too

So let me walk you through it: 2/ You are probably heavily invested in memecoins and other altcoins

Their performance is to a great extent dependent on the performance of Bitcoin

So we will focus on that orange bad boy since, well, he is still the king here

1/ The dust has settled, let's get down to 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀

How big can 𝘁𝗵𝗲 𝘀𝟯𝘅 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 be on 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻?

cc: @blknoiz06

🧵 2/ Lately, there have been controversies around @blknoiz06 and his involvement in Ansem’s Angels via Only1 platform

So let me just analyze the data in terms of investment opportunity

Topic is interesting

Don't expect moral judgments from a cartoon outmoded mustache man tho

1/ ETH ETF has been 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱

Now let me tell you about the 𝗰𝗿𝗮𝘇𝗶𝗻𝗲𝘀𝘀 that will happen to Ethereum and its ecosystem

BTC ETF was just a 𝘁𝗿𝗮𝗶𝗹𝗲𝗿, 𝗽𝗿𝗼𝗹𝗼𝗴𝘂𝗲, 𝗽𝗿𝗲𝗹𝘂𝗱𝗲

🧵 2/ For my fellow 5-year-olds:

ETF stands for Exchange-Traded Fund

Essentially, ETFs are an easy access to assets

Your mom, aunt, and even grandma can buy ETH without worrying about getting MEV’d, securing their wallet, and keeping private key safely

1/ Everyone talks about the Banana Zone, but you don't know what it is?

I mean, you probably should as this is when the most money is made

cc: @RaoulGMI

🧵 2/ Banana Zone is a finance idea conceptualized by Raoul Pal

This gentleman is one of the few who predicted the 2008 crisis

He is said to be one of the most successful hedge fund managers of all time

Cool, let's see what he's up to, then

1/ DonAlt (@CryptoDonAlt) says this is 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗰𝘆𝗰𝗹𝗲 and only sadness from now on

Ansem (@blknoiz06) says that the party hasn't started yet and we all still got a 𝗰𝗵𝗮𝗻𝗰𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗺𝗶𝗹𝗹𝗶𝗼𝗻𝘀

Ok, but let's maybe check onchain data?

🧵 2/ Friendly reminder:

The market is dynamic & the fact that something worked previously, doesn't mean it will work today

I choose indicators/metrics I subjectively find relevant, no cherry-picking

I choose BTC as the base because it's still the king

If you are into 𝗦𝗼𝗹𝗮𝗻𝗮, you might be interested in what Franklin Templeton 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝗳𝗼𝗿 𝗶𝘁

I mean, they are literally 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗮𝘀𝘀𝗲𝘁 𝗺𝗮𝗻𝗮𝗴𝗲𝗿 in the world

I guess it's worth knowing what they're up to?

🧵 1️⃣ Franklin Templeton believes Solana will become the third major crypt0 after Bitc0in and Ethereu/\/\

1/ 𝗧𝗼 𝗿𝗼𝗯 the entire chain of 𝗝.𝗣. 𝗠𝗼𝗿𝗴𝗮𝗻 𝗯𝗮𝗻𝗸𝘀, you have to knock down their 𝗼𝗻𝗲 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗴𝘂𝗮𝗿𝗱

Ridiculous, right?

But this is how 𝗿𝗼𝗯𝗯𝗶𝗻𝗴 𝗗𝗔𝗽𝗽𝘀 on Ethereum looks

A 5-year-old-friendly explanation of 𝗘𝗶𝗴𝗲𝗻𝗟𝗮𝘆𝗲𝗿:

🧵 2/ DApps (decentralized applications) are those protocols you use every day if you are a crypto-bro

Uniswap, Curve, Radium, Lido, etc.

Essentially, 99% of the things you interact with onchain using your crypto-wallet are DApps

1/ Gentlemen, I think we might get something 𝗯𝗲𝘁𝘁𝗲𝗿 𝘁𝗵𝗮𝗻 𝗥𝘂𝗻𝗲𝘀.

I mean, would you rather buy 𝘁𝗼𝗸𝗲𝗻𝘀 𝗰𝗿𝗲𝗮𝘁𝗲𝗱 𝗯𝘆 𝗸𝗶𝗻𝗴𝘀 or peasants?

Exactly.

A brief explanation of 𝗛𝗲𝗿𝗼𝗴𝗹𝘆𝗽𝗵𝘀:

🧵 2/ Heroglyphs is a new protocol on the Ethereum blockchain that is not for us, regular crypto bros, but for Complete Validators

Complete Validators are those who keep Ethereum "alive"

"bro idc, shill me some good sh*t lmao"

That's what I'm literally doing right now?

Why is some $SLERF memecoin so popular today?

An explanation of how losing the entire $10 million is poised to lead to the most ridiculous meme in the memecoin history

🧵 $SLERF is one of the many memecoins that counts among the recent wallet presale meta

Some pseudo-anonymous guy lists his wallet on his X profile, tells everyone he will deploy a coin, and people just send him money

No smart contract so your funds can be easily stolen