Bulba
22K posts

Bulba
@Bullbearsaur
everything is situational.

@flocko There’s lots of hidden signs in the noise that this is actually going to happen. I am watching for a small sweep of 67.3k then stair step up to like 74k slowly then giga send. Basically same thing as you. So now I’m actively looking to shove my stack in a spot and pray.







PVP has been a massive point of contention over the past few days, and many plead for a fix from the launchpad layer. however, I believe the causation of PVP is misguided and isn’t the result of the launchpad, but a result of: 1) broader liquidity leaving the market 2) behavioral problems it’s no secret that we’re in a bear market & more liquidity has left the market than has entered over the past 6 months, hence why ceilings are much lower & opportunity feels scarce with lower liquidity & lower ceilings comes the desire to find edge elsewhere. if traders know they’re not going to succeed holding, and they can't beat other traders, there may be edge in redeploying an already successful coin; whether it’s under the guise of a better ticker, image, has tracked wallets, fee distributions, etc. while I think this behavior is incredibly destructive, I believe it is a permanent pendulum, and I believe we're currently at the extreme end of that pendulum, which is why we’re experiencing incessant & unrelenting PVP compared to what we see in a bull market (PVP exists, but faces nowhere near the level of participation as we see now)

There’s a world where we don’t make a new weekly low, don’t lose daily trend low either, but go sideways (few weeks) and build up a coil of offsides positioning (into lower) and we giga send for absolutely no reason. It’s very bullish and there’s actually a chance it happens.














