Narek M

@CryptoTony__ Exchange selling pressure makes the move feel heavier, but the real signal is whether buyers can reclaim the level quickly.

🚨 JUST IN: BINANCE JUST STARTED PROFIT TAKING BITCOIN AFTER THE U.S. MARKET OPEN. THEY'RE DUMPING MILLIONS EVERY FEW MINUTES, NONSTOP.

@a16zcrypto The industry feels more serious when multiple layers improve at once

The crypto industry is maturing on multiple fronts at once. Policy advancing. Revenue diversifying. Security evolving. Founders are showing up. Four pieces from this week:

@AshCrypto The market saw too much confidence and humbled everyone at once

BREAKING: OVER $1 TRILLION wiped out from US stocks. $90,000,000,000 wiped out from crypto today.

@cryptorover The market saw too much confidence and pressed reset

ABSOLUTE BLOODBATH IN US MARKETS 🩸 Almost $1 TRILLION has been wiped out in just 5 minutes after the market open.

@AshCrypto Stocks bleeding and BTC losing 80k is not the combo bulls wanted

@KillaXBT People want the bear market to end with one clean candle, but the real bottoming process usually looks like boredom, failed moves and emotional exhaustion.

The truth is, People want to believe it’s over before it actually is. After being down for so long, most naturally gravitate toward whatever short term price action is showing, usually optimism after the first strong bounce. The reality is that market structure almost encourages this behavior. The more participants believe the bear market is over, the more liquidity enters the market. Historically, markets spend months ranging before true expansion phases begin. This cycle will likely be no different. Ranges allow larger players to scale large positions and build leverage before the next major move. What we don’t see are instant recoveries. People want to make back everything in one trade, but markets rarely work that way. The market chops, ranges, and exhausts participants long before the next real expansion begins. Most get shaken out emotionally or financially before the larger move finally arrives. Range. Capitulation. $BTC

@AshCrypto Gold and silver finally got the crypto treatment

🩸MASSIVE CRASH: $1,500,000,000,000 wiped out from Gold and Silver in the last 24 hours.

@coinbureau Whale accumulation alone is not enough, but combined with clearer regulation it becomes a much more interesting setup.

🔥INSIGHT: WHALES ARE NOT SELLING XRP Wallets holding at least 10M XRP now control 45.83B tokens, worth roughly $68.5B, the largest whale balance since May 2018. Whales hold about 68.5% of $XRP’s total supply as per Santiment.

@vibhu @perps Solana gets more interesting when you stop viewing each category separately. Perps, tokens, lending, payments and apps all feed the same economy.

Solana isn’t a house for finance. It’s a village becoming a city and full economy. @perps is one use case, but the bet is your entire financial life will live on Solana.

@sjdedic Ecosystems built around real user demand feel very different from ecosystems built around incentives first.

Something interesting is happening with the Hyperliquid ecosystem. About a year ago, shortly after HYPE did its TGE, I had quite a few projects reaching out for funding building on Hyper. Almost all of them were just trying to chase the hype: lack of innovation, low-effort copycats with low-conviction founders. I didn’t take most of them seriously and, unsurprisingly, none of them are around anymore. That’s slowly but surely shifting. Recently a significant portion of our deal flow is actually decent founders coming up with genuinely interesting ideas on top of Hyperliquid, some even with existing products, real traction, and legitimate funding needs. The quality has completely changed. And it makes perfect sense. Hyperliquid did what every other chain tried and failed to do: they shipped a product so good that people actually wanted to use it. That attracted users. Users attracted liquidity. Liquidity attracted builders. Builders are now attracting capital. Meanwhile every other L1 and L2 is trying to buy their ecosystem into existence from the bottom up and wondering why nothing sticks. Hyperliquid built it top down. Product first. Ecosystem second. And it’s working. No grants program or desperate foundations throwing millions at mercenary devs. Just a great product and an organic flywheel doing the rest. Maybe more chains should try building something people actually want before spending billions convincing developers to pretend they care. Anyways, Hyperliquid, I guess.

@cryptorover The market saw too much confidence and said relax

CRASH 🩸 US stock market futures are dumping ahead of market open. S&P 500 futures are down 1.46%, wiping out roughly $1.1 TRILLION from its market’s value.

@randgroup The interesting part is sentiment still feels heavy while the sell side looks exhausted. That is usually not a setup I would ignore.

Bitcoin sell-side risk ratio just hit historic lows. Translation: everyone who wanted to sell already sold.

@shahh A DEX needs users after the candle, not just buyers during it.

@perpsonsolana Solana perps are entering serious territory

🚨 BREAKING: Solana perp DEXs surpass $3 billion in 24 hour trading volume.

@AshCrypto Crypto therapy session complete

we are back

@ChadSteingraber This is what happens when legal overhang starts turning into access

Holy... Bitwise ripple:native is on fire! 🔥 $16Million just by itself...

@ag_dwf If clarity keeps moving forward, the market structure changes. Not because everyone buys everything, but because BTC becomes easier for large balance sheets to hold.

If CLARITY act approved, it will bring.. more clarity. It will make a reference for other countries and central banks to use crypto as a compliant asset for pension funds. I don't think that it will include altcoins, but it will definitely take a lot of BTC from the market

@cryptofergani Gold breaking out first makes the BTC setup a lot more interesting. Hard assets seem to be waking up one by one.

SOMETHING BIG IS COMING FOR BITCOIN SOME BIG NEWS 🤫

@BullTheoryio This is the kind of setup where positioning matters more than the headline

JANE STREET JUST EXPOSED THEIR NEXT TARGET: ETHEREUM. The same firm behind the daily 10 AM Bitcoin dump, the same firm sued for insider trading in the $40 billion LUNA collapse, and the same firm with $567 million frozen by Indian regulators could now be targeting Ethereum. The data reveals a massive, coordinated exit from Bitcoin and a violent rotation into Ethereum. IBIT : down 71% in a single quarter. FBTC : down 60%. Strategy $MSTR : down 78%. Bitcoin miners IREN, Cipher, TeraWulf, Core Scientific: all cut. Over $800 million in Bitcoin exposure erased in 90 days. Now look at what they were buying at the same time. ETHA : nearly doubled. FETH : sharply raised. Galaxy Digital: from 17,000 shares to 1.5 million. That is an 8,700% increase in one quarter. Total new Ethereum ETF exposure added: $82 million. In Q4 2025, the quarter right before this dump, Jane Street increased their MSTR position by 473%. They loaded up aggressively and Then in Q1 2026 they cut 78% of it. In India, SEBI documented this exact structure across 18 expiry days. Build the long position in the underlying first. Then set up the derivatives. Then move the market. The cash position is the setup cost and The options book is where the money gets made. And the options book is the one thing a 13F will never show you. Ethereum is the easier target. Bitcoin futures open interest sits at $60 billion. Ethereum's is slightly more than half that at roughly $34 billion. A smaller market means a smaller amount of capital can move the price further. In India, Jane Street moving the Bank Nifty index using stock purchases. Ethereum's market cap is $273 billion against Bitcoin's $1.6 trillion. That is a 5.8x size difference. The same amount of capital creates nearly 6 times the price impact in ETH. The ETF market for Ethereum is also still early. Bitcoin ETFs hold roughly 6.67% of all circulating BTC supply. Ethereum ETF penetration is less than that, which means there is no institutional demand floor yet to absorb a coordinated sell. They are not rotating into Ethereum because they are bullish on Ethereum. They are rotating into Ethereum because It is easier to move.

@danheld I think this is true because Bitcoin makes money feel real. Not just numbers in an account, but scarcity, custody, inflation, time preference and responsibility.

Bitcoin has educated more people on money and personal finance than any university.