I genuinely think BTC is in serious trouble
Native flows will switch to ETH
Smart institutions will switch to ETH
The sovereign institutions that were preparing to buy BTC will wait to see what happens
BTC bid disappears
Only Tether and Saylor to defend 50k
Tricky situation https://twitter.com/kamikaz_eth/status/1792663686630261112

Twitter

Bitcoin reached $100K amid expectations of Trump's crypto-friendly policies. Meanwhile, Crypto All-Stars ($STARS) emerged as a presale star, set to hit the $15 million mark thanks to its disruptive <Staking> platform.

Could Trump's Inauguration Spark a Crypto Market Explosion After Bitcoin Hits $100K? Crypto All Stars: A Golden Opportunity For Early Investors

Here is the English translation:

Why am I confident that the AI Agent will bring about an industry growth on the scale of a 'DeFi Summer'? Please believe that this judgment has nothing to do with the conspiracy group behind the pure on-chain PVP or the narrative of pure VC coins, it is simply because at a certain bottleneck point of the macro, technology, market, community, and ecosystem, a spontaneous chemical reaction has emerged, giving rise to a trending force that breaks through the predicament. Why?

Complementing the previous article, I will further refine and simplify a few points to share with my friends:

1) The AI Agent is not an accidental new narrative, it is backed by AI MEME, AI DeFi...

Viewpoint: Keep up with the AI Agent narrative trend and don’t fall behind

Here is the English translation, with the content within <> left untranslated:

The recent public listing mechanism of Hyperliquid has sparked much discussion. However, the reason why this matter has attracted market attention is inseparable from a tweet posted by Simon, CEO of Moonrock Capital, on November 1 this year. He claimed that "Binance requires a potential project to provide 15% of its total token supply to ensure its listing on the CEX, and this accounts for 15% of the total token supply, worth about $50 million to $100 million."
Meanwhile, the co-founder of Sonic Labs...

Behind the sky-high market value of $6 billion, Hyperliquid attempts to reshape the cryptocurrency listing landscape

If the ETH ETFs are confirmed, there will definitely be speculation leading up to the launch, even if the flows end up disappointing
But if BTC nukes, ETH will definitely be affected
Makes it hard to hold ETH after this OI buildup
And longing ETHBTC exposes you to squeezes

I do maintain that it would have been better if the ETH spot ETFs came a year or more later
We were just seeing sovereign institutions start to buy BTC (Wisconsin) - do they stop now? Is it confusing that there’s suddenly ANOTHER digital store of value??
Does BTC weirdly nuke?