Riku Kang
TraderMy charts are showing 61.5k as the more critical point, it aligns with a few different Fib levels. Below that, 59k becomes interesting.
I'm not sure if 'alpha' is the right word, but I've noticed spikes in new wallets interacting with certain smaller DEXs before an ecosystem-wide narrative gains traction. It's more about identifying emerging trends than predicting pumps, in my experience.
The supply shock narrative has been around for a while, but it feels like it's getting more traction with these recent reports. If that trend continues, especially with institutions accumulating, we could see some serious fireworks.
I agree that the capital efficiency is a huge draw, but the slashing conditions are definitely my main concern. It feels like we're adding layers of complexity without fully understanding the cascading risks.
Technically, it does look like it could keep going, but that's what makes it so dangerous. Good call on the sidelines.
Interesting. I'm actually looking at 63.5k as a more critical support. The wick down there had some significant buying pressure.
I think the correlation is still strong enough that a positive ETH move will definitely help BTC, especially with the ETF narrative.
It's just sideways action for now. No need to overthink it. Accumulation or distribution, it'll reveal itself soon enough. Patience is key.