No rally showed up — instead, we got a waterfall straight to the face. Does this make any sense?
1⃣ #BTC Can it get any worse? Straight down to $87k. How many brothers’ positions just got buried here?
2⃣ #ETH Following big bro down, now hovering around $2,800. Absolutely awful — if this level doesn’t hold, more downside likely.
3⃣ #SOL The setup actually looked decent and people were getting hopeful, but it got dragged down by BTC and ETH. Have to wait for BTC to stabilize.
4⃣ Nietzschean Penguin #PENGUIN Pumped 6,000x, then got cut in half at the top. At one point overnight, market cap dipped below $70 million…
This move was brutal.
5⃣ #Gold #Silver Still dancing while the music plays.
-
Spot gold up 1.00% on the day, now at $5,036.18/oz
-
Spot silver up 2.21%, now at $105.51/oz
Has crypto been completely abandoned…?
6⃣ A Bitcoin OG added $20 million USDC to Hyperliquid to avoid liquidation. Total unrealized loss has expanded to around $83.4 million.
High-leverage shorts and longs are both suffering — market polarization is extremely severe.
7⃣ The probability of Rick Rieder becoming the next Fed Chair has risen to 58%, making him the top favorite.
Former frontrunner Kevin Warsh has dropped to 28%, while Waller and Hassett each stand at 6%.
8⃣ This Thursday: 3:00 AM (Beijing Time) — the Fed will announce its FOMC rate decision.
