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Katılım Ocak 2020
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Meta Signals
Meta Signals@MetaSignals·
This is your last chance to lock in Mafioso status! When the clock strikes zero, any unsold Meta Mafioso NFTs will be burned. Lifetime access will never be available again. The one and only @KrownCryptoCave breaks it down. Some highlights of ownership include lifetime access to all current & future alerts/pairs along with entry to early token sale rounds & guaranteed allocation. Grab one now before it’s lost to the burn forever: metasignals.io/nft
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mable.sol (join our TG community!
.@Tokenfed X account got suspended by X while its blue mark was being reviewed - it’ll try its best to get the account back but meanwhile it’ll live in its Mac Mini, and potentially a discord channel
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Star_OKX
Star_OKX@star_okx·
No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.
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TechDev
TechDev@TechDev_52·
3rd signal in 12 years.
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Gigachad
Gigachad@gigachad·
This will go down as the most important interview of a generation.
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Psycho
Psycho@AltcoinPsycho·
this price action has insider trading written all over it lol. crime cycle continues I guess this means Trump has some big plans for his 1st day (pls no more tokens)
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CrediBULL Crypto
CrediBULL Crypto@CredibleCrypto·
I don’t think it affects the cycle per se- rather I think it’s a sign of how out of touch with reality this space has gotten over the last 6-12 months with the meme coin frenzy. The President of the US launching a meme coin while holding back 80% of the supply for the “team” and charging a 1% tax on every trade of it is a blatant cash grab any way you look at it- yet the coin has hit multi-billions in marketcap within hours of launch. This event solidifies that we are seeing a modern tulip mania and as crazy and irrational as it may get in the coming months we all know how it ends. The only pro that has come out of this is that it’s clear the new administration has a vested interest in promoting and supporting crypto which should be good in the immediate short/mid term. In any case, based on all technicals I believe we are in the final stages of a multi-year secular bull cycle and things like this just reinforce that idea so make hay while the sun shines because if I’m right then what follows after will be pretty ugly.
NarrativeNinja@NarrativesNinja

@CredibleCrypto How do you think this affects the cycle? Earlier top given the euphoria that’s about to enter the market?

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Elon Musk
Elon Musk@elonmusk·
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Perianne Boring
Perianne Boring@PerianneDC·
Tonight’s 60 Minutes Crypto Segment: A Missed Opportunity This evening, #crypto got a 13-minute feature on @60Minutes. Unfortunately, it fell far short of being an informed and balanced discussion. Instead, the episode exposed a clear bias and lack of understanding of cryptocurrency’s fundamental principles and its broader implications. Key Takeaways from the Episode: x.com/60Minutes/stat…
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Smilee
Smilee@SmileeFinance·
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Joe Consorti
Joe Consorti@JoeConsorti·
Scaling the Sell Wall to $100k Bitcoin Cliff-Notes: • Bitcoin's correction from its near-$100k high reflects typical price discovery dynamics, as long-term holders take profits and psychological resistance levels dominate short-term trading behavior. • Spot bitcoin ETFs and corporations have purchased over 281,000 BTC during recent weeks, but long-term holder distribution of 407,021 BTC over that same period suggests this correction may extend further before resuming an upward trajectory. • While bitcoin remains sensitive to the contracting global M2 money supply, sustained net inflows from ETFs and corporations could allow BTC to buck the downtrend and prevent a 25% correction if it continues following the path set forth by global M2 over the last several weeks. Bitcoin made a valiant effort at the $100k mark, rising as high as $99,728 before plunging into a correction of 8.7% at the time of writing, to ~$91,000. This month has thus far been one of bitcoin's best in history. Up 31% since the start of the month, this November ranks as bitcoin's 18th best-performing month on a % returns basis over the last decade of 120 months. had it closed the month at its aforementioned all-time high and not entered into this correction, it would have been a 42.15% monthly gain, making it the 9th best month of the last decade: This correction is typical of bitcoin, particularly during early bull runs. During price discovery phases, bitcoin breaks out above previous all-time highs and rises without any technical sell level, as the price has never been in these zones before. As such, rather than looking back at history for an indication of where selling can occur, we have to look at psychological levels—in this case, the $100,000 mark. These price discovery periods include several corrections, ranging from 10% to 55% during the 2021 price discovery period as seen below when bitcoin ascended to the $60,000 range twice. These corrections are driven by profit-taking from long-term holders, and panic selling from short-term holders—eventually, these transient periods of selling are exhausted and bitcoin resumes its ascent higher. This is a bull market, and the path of least resistance is much higher, but there are always bumps along the way. In this case, we are in a correction that has seen bitcoin fall 8.7% at the time of writing, but it could extend well beyond that given historical norms: $100,000 per bitcoin is perhaps the most significant milestone for bitcoin of all time—crossing $100k cements bitcoin's position as a globally recognized asset, a milestone that has been discussed at length for its 15+ years of existence and the 14 years that it has had a market price. Headlines about $100,000 bitcoin will abound, fueling even broader interest among cohorts who weren't invested, but now likely have access thanks to the spot bitcoin ETFs available in their 401k, pension funds and endowments that now see the runaway freight train of BTC and decide to allocate, and nation-states who eye the world's leader likely establishing a Strategic Bitcoin Reserve and are looking to get out ahead of them. The most substantial aspect of $100,000 bitcoin is that it is an inflection away from a speculative retail asset in the mind of the market, and toward a bonafide base layer global reserve asset—one that is on track to usurp gold and demonetize a substantial portion of the global fixed income market thanks to superior real returns and zero counterparty risk. $100,000 isn't the destination, but a mile market on the way to $1,000,000 per bitcoin—as such, you should think of bitcoin not in terms of where it is in absolute terms relative to its history, but where it is going. Don't fall victim to unit bias once the $100k mark is crested—instead, work to understand that at that price level, 10 units of 1 bitcoin can be acquired for one cent. Given that bitcoin has 100 million satoshis per coin, bitcoin is still very, very cheap. So, how do we climb the sell wall to reach $100,000 bitcoin? We answer that question by looking at who is selling, how much they are selling, and who is on the other side. Selling is largely coming from long-term holders (LTH) taking profits as bitcoin's price approaches $100k. Long-term holders are defined as addresses that have held bitcoin for 155 days or more. - Technical Breakdown: Long-term holders are determined based on the entity's average purchasing date—they transition from short-term holders (entities who have held for less than 155 days) on a gradient of 10 days. - Long-term holders have sold a net 407,021 BTC over the last 7 weeks since October 8th. LTHs always sell into price strength during bull markets. Take a look at the same 2021 price discovery phase—LTHs sold 976,058 BTC in total from the leadup to breaking the prior all-time high and in the weeks after until BTC reached $35,600, which is when LTH selling decelerated and they eventually became net accumulators again at $60,000. Long-term holders became net sellers well before bitcoin reached its prior ATH, and reached their highest selling magnitude when bitcoin's price had only reached only 53% of its bull market peak. Distribution of coins from LTHs to STHs is standard of all BTC bull markets, and this time is no different. They take profit as the price goes up, and eventually become net accumulators once more. This makes LTH distribution definitively not a top signal, merely an indicator that the bull market is well underway and profit-taking from people who've been here for a while has begun. Long-term holders are the major sell-side cohort: Over this same period, ETFs purchased 146,900 BTC and corporations with a public bitcoin acquisition strategy purchased 134,901.11 BTC—MicroStrategy acquired 134,480 BTC, Semler Scientific acquired 297 BTC, and Metaplanet acquired 124.11 BTC. This equates to an approximate total buy-side between the spot BTC ETFs and corporations of 281,801.11 BTC over the same period that long-term holders observable on-chain sold 407,021 BTC. To get more granular—last Friday, the spot bitcoin ETFs purchased ~5,400 BTC on behalf of their clients, while long-term holders sold a total of 5,503 BTC. Bitcoin purchases from spot ETFs were enough to absorb LTH selling pressure all the way up to its ATH, but now LTH selling is outpacing ETF net inflows. The great wall of $100k will be breached soon enough. First, long-term holders need to finish their profit-taking, after which their net selling will decelerate, total net buying from retail, ETFs, and corporations will overtake the pace of selling, and we will ascend through all of the limit orders set at and around $100,000. Since September 2023, bitcoin has closely tracked global M2 with a ~70-day lag, reflecting its sensitivity to global liquidity dynamics. Over the past two months, global M2 has declined from $108.3 trillion to $104.7 trillion, driven by a combination of factors. A strengthening U.S. dollar has devalued foreign currency-denominated M2 when converted into dollars, contributing to the decline. Additionally, economic slowdowns in various regions have further dampened lending and deposit creation. Bitcoin mirrored the expansion in global M2 with high sensitivity, tracking the rise from $100 trillion to $108.3 trillion. If it continues to follow the current contraction in M2, a 20-25% correction could materialize, potentially pulling bitcoin down to roughly $73,000—not a price prediction, but a stark reminder of bitcoin's tether to the global money supply. Bitcoin could buck the trend of contracting M2, which it has done several times before. Namely from 2022-2023 due to the FTX collapse and interest in the space evaporating as a result. It could resist this two-month bout of M2 deflation thanks to structural ETF inflows and corporate buying pressure, but only time will tell: Either way, a correction at this point seems about right. As mentioned before, these rapid run-ups in bitcoin's price always have pitstops along the way, and we're currently in a correction that may range anywhere from 10% to 25% in size if we end up following the path of global M2 to a tee. During price corrections, it’s vital to understand the asset you hold, the macro environment it exists in, and the forces driving it higher long-term. If you truly understand bitcoin, you don’t panic sell. If you panic sell, it’s a clear sign you haven’t done the work. Take it easy, Joe Consorti - Theya is the world's simplest #bitcoin self-custody solution 🌎 Packed with native features, our app is designed to make managing your bitcoin easier than ever without sacrificing security 🔐 iOS: theya.us/app Web: app.theya.us
Joe Consorti tweet mediaJoe Consorti tweet mediaJoe Consorti tweet mediaJoe Consorti tweet media
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