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Altcoin dominance is finally entering the capitulation zone.
5 years later and we are just now reaching super oversold territory. This alone tells you how extreme the 2021 mania truly was.
The 2024 rallies? Echo bubbles. Nothing more.
The green zone is where real altseason is born. If BTC sees one more capitulation leg and this nukes even lower, it becomes the buy of the decade.

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@StudioSataras Because I want to hear other people’s stories and I think it’s important to share things like this so others don’t feel alone in it.
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@coinbureau So I think humans are worth more than this. Eventually everyone will realize that and do more with their lives.
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@WarMonitor3 Bro I think your views are biased by something other than facts on the ground. Unfollowing.
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The unluckiest CryptoPunk sale in history happened because of a single typo
In November 2021 the owner of CryptoPunk 7557, one of only 55 "Tiara" Punks ever made, tried to list it for 4,444 ETH which was about $19 million at the time
Instead he typed 4.444 ETH and the listing went live for $19,400 which is a 99% discount
A bot sniped it the same second, sent a 3.33 ETH bribe straight to a miner to make sure nobody else could front run it, bought the Punk in the same block and relisted it for 325 ETH a minute later
He sold a Punk worth $1.5 MILLION for the price of a used Toyota and the bot turned his typo into a $1.4 MILLION flip in under 60 seconds


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@mubarakzebdawn Cherry on the cake is that the order is signed off by a female officer
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I don’t know how Pakistan does it.
They don’t give up. The U.S. and Iran are on completely different pages. Iran says lift the blockade for talks. The U.S. says no. The U.S. says Iran must give up its nuclear program. Iran says never. Pakistan says, “We are working to resolve this.”
Who is Pakistan banking on to blink first?
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Negotiations are happening in Pakistan.
Let me put it bluntly:
The U.S. is the eager party.
Iran is the reluctant one.
Once Washington realised this war could not deliver its objectives, negotiation became the only off-ramp.
But here is the problem:
Despite blockades and pressure, Iran is not negotiating from weakness.
Hormuz has changed the equation.
Its closure doesn’t just hurt Iran,
it hits the entire world, including the U.S.
Oil flows disrupted.
Global markets stressed.
The dollar-based system under pressure.
This is not a local conflict anymore.
It is systemic.
Meanwhile, Iran’s asymmetric strategy has delivered a strategic advantage.
The war was fought and shaped by the IRGC, and the power it has accumulated will not allow any soft settlement on U.S. terms.
So escalation is not an option.
A return to war would:
raise costs for the U.S.
weaken its negotiating position further
risk a wider economic shock
Which leaves only one path.
A negotiated settlement.
But not a quick one.
Not on U.S. terms.
This will take time.
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0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC.
For this sale, our OTC counterparts was @BitMNR.
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quick market thoughts
think equities have more room to run in the following weeks, ai/infra/tech/select smallcaps
this drags btc along with it, but I'm already seeing weakness, lag, underperformance - I don't really see a "catch up" trade which would result in new highs or even 90k for btc like we usually see in early/mid bullrun periods. structurally and narrative wise we are in a bear market since October anyone denying that is a fraudster
most rallies are simply being propped up by equities correlation algos in tune with slightly overweight short positioning in crypto getting squeezed day-in-day-out resulting in slow grind higher
the moment we get over-valuation in equities, China meeting resolution combined with hot inflation data [hello oil shock] in May, I expect an unwind in equities and considering the power correlation dynamic right now, as soon as equities even sneeze it will nuke crypto to stone ages
positioning;
riding tech/ai/infra longs in equities
unloading some minor spot crypto alts that did well last few weeks
scalp longing btc with agressive tp to play corr algos
looking to close es longs and enter btc short sometime in may
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#BREAKING Iran and the US are very close to peace deal in Islamabad.
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Two Pakistani astronauts selected as candidates for China space programme reuters.com/business/media…
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