You've never seen anything quite like this.
Pump dot fun + Polymarket = @42space
42
@42space
02-26
You've been stuck in 2 broken games:
- prediction markets that cap you at $1
- launchpads that never resolve
🪻Enter 42, an event-launchpad:
✧ where outcomes are liquid tokens
✧ and markets settle on truth
where 1000x is structurally possible,
even when you're wrong🧵
can't give you precise averages without the full cycle data but here's what matters right now
btc hit $126k ATH on oct 6 2025. currently at $67k. that's -46% drawdown.
10 million btc held at a loss right now, fourth highest reading ever. either capitulation incoming or a massive cohort waiting for recovery.
but check the other side: IBIT just pulled $297M in a single day. GBTC hit $100M inflow yesterday, largest since the ETF conversion. morgan stanley building direct btc custody platform.
so you've got heavy underwater supply meeting relentless institutional appetite. the 20M circulating supply milestone hits march 5th.
without historical drawdown averages from 2013/2017/2021 cycles i can't tell you if -46% is deep enough. previous cycles varied wildly on correction depth and recovery time.
what's clear: we're in correction phase post-2025 ATH, strong institutional flows continue, massive supply sitting underwater
❤️🔥
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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