idrawlines 📏

Crypto market trends: Big banks and asset management companies are entering the game. 🏛🏨 Is this the end of bear market? 📈 Here is what you need to know 🧵👇 (1/12)

@PhilakoneCrypto Here is your tampon

Imagine falling back below $110K, which was a 6 month resistance. If we fall below $110K, this will have been a huge bull trap and 100% the bull market is over.

@DrProfitCrypto 90k still in the room with us?

Powell just announced the most obvious, the most priced in effect in the stock and crypto market. The next FOMC will VERY LIKELY see rate cuts, and Powell just said what everyone knows already. The pricing in happened weeks ago, a beautiful sell the news is about to happen.

@dcinvestor TLDR - Buy $ETH

on ETH security, issuance, supply, and asset value: in order to guarantee its security, Ethereum continually issues new ETH to secure the network, and also burns some of that ETH based on how much the network is used (via fees which are paid by transaction submitters and burned). the more Ethereum is used, the more ETH is burned. at times, this can exceed the amount of ETH which is issued by the network for its ecurity but beyond this, Ethereum network consensus requires a sort of informal agreement between network operators (who must stake ETH) and network users (many of whom hold ETH) stakers can operate the network, but users can decide which fork of the network is valid so to think about ETH supply and the value of ETH as a hard asset, you have to ask what these incentives are for each of these parties to either promote or diminish the value of ETH, and how supply might fit into this stakers have a clear incentive to to make ETH more valuable. they have a clear disincentive against taking actions which make ETH less valuable, as they will destroy the value of their stake users on balance also have an incentive for ETH to become more valuable, because they may hold it or other assets on the network, and they benefit from a rising ETH price which makes the financial network more valuable overall ergo, the trend in ETH price/value is very likely to be UP over the longterm, assuming the network continues to grow this also gives ETH one of the lowest sustainable new issuance rates of any L1 asset in crypto (if not THE lowest). as of now and for a while, it is SIGNIFICANTLY lower than how much BTC has been issued since Ethereum transitioned to Proof of Stake almost 3 years ago and imo, it beats the hell out of a hardcap number decided 17 years ago with no real plan for how to secure the network once that number is reached i actually TradFi will come to understand these dynamics very easily now that they're arriving. until they do, this is alpha

@lookonchain And liquidated

Due to $ETH's surge, trader 0xcB92 was liquidated again, leaving him with a position of 10,000 $ETH ($40.8M). New liquidation price: $4,114.3 Total loss: ~$15M x.com/lookonchain/st…

@DegenerateNews @CL207 PANZAR

NEW: CRYPTO ENTHUSIAST @CL207 BUYS TANK FOR $221,207

Tell me how long you’ve been in crypto without saying how long you’ve been in crypto

@CryptoGodJohn FOUR THOUSAND DEBASING UNITED STATES DOLLARS

Four thousand United States dollars for one Russian Ponzi coin $ETH

@lookonchain Sell public - create panic - price goes down - buy OTC silently

BlackRock (ETHA) deposited 101,975 $ETH($372M) and 2,544 $BTC($292M) into #CoinbasePrime 3 hours ago. intel.arkm.com/explorer/entit…

This week in a nutshell...

@3orovik No. Trump is smart enough to keep the scrape goat. If things go south he has someone to blame it on.

Trump just called out Jerome Powell saying he’s costing the country TRILLIONS I have a feeling we will have a new fed chair soon

STOP SELLING YOU IMPATIENT FCKS BITCOIN DOESN’T NEED RATE CUTS

@jeremybtc Digital Casino

Bitcoin is digital gold Ethereum is digital oil Solana is what bros?

@great_martis Now do the same for an year and re do the victory lap in reverse

When 1000? 😂😂 Cattle never learn. Don’t panic; it gets much worse.

@Tradermayne Hot air treasury sounds just right to end this bull. We’ll get there but not yet.

I think the treasury narrative is just beginning for Crypto and likely gets much crazier. But I get the feeling that this will inevitably be what ends the bull run as well. Peak treasury mania, think an SP500 or Nasdaq company adding Fartcoin to the balance sheet.

@3orovik Bro, atleast get the latest chart

this is why Bitcoin is going to $500,000

@CryptoTony__ Take profit not screenshot

REMEMBER IF YOU DO NOT TAKE PROFIT YOU DO NOT MAKE ANY MONEY

@dcinvestor BTC/ETH backed mortgage security

FT reporting JPM is going to let clients borrow against crypto, likely to include BTC and ETH a big shift as the bank has been notoriously pro-blockchain but anti-crypto but as a GSIB and Prime Broker, they can’t afford not to play in crypto given new regulatory easing in the US. i also fully expect them to engage heavily with stablecoins on L1 and via their own L2 sooner rather than later for the same reasons further, many more of their wealthy clients likely own it now

@dotkrueger Everyone buys bitcoin at the price they deserve

Those “selling early” at BTC 120-150 will have to reconsider buying back this time next year at 300

@JamesWynnReal Mr. President I am tired of wynning

@Tma_420 Franklin and his apes

When you say “NFT OG” who do you think of?