1AnoΒ·

A few (further) thoughts on the current crypto market:



π—•π—Άπ˜π—°π—Όπ—Άπ—» π—˜π—§π—™π˜€: Yesterday, for the first time, we saw net inflows of over 1 billion US dollars into $BTC (-0,46%) ETFs for the first time. The inflows are not only continuing, they are 𝘣𝘦𝘴𝘀𝘩𝘭𝘦𝘢𝘯π˜ͺ𝘨𝘦𝘯 increasing. Rising demand meets limited supply...it doesn't take a genius.


$ETH (+2,75%): Happy Dencun Day! Ethereum will undergo its next major upgrade later today. TLDR: Transactions on rollups become cheaper. Compared to the merge, there is almost no hype around this upgrade - and wrongly so. The fact that almost all memecoins are currently traded on Solana shows that the Ethereum ecosystem still has a cost problem and needs to remain competitive.


π—˜π—§π—› π—˜π—§π—™: The market is increasingly pessimistic about the prospect of approval in May. The reasons given are entirely procedural (silence between SEC and applicants). To me, this seems like a healthy expectation, which would dampen the sell-off in the event of a rejection (because it would be priced in), but would bring corresponding upside potential in the event of approval.


π—”π—Ήπ˜π—°π—Όπ—Άπ—»π˜€: While BTC marked a new ATH a few days ago, most altcoins are still lagging behind.



Definitely still a lot of potential, but also a very high risk of burning your fingers with leverage.


Big picture: super bullish.

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If the SEC officially classifies Ethereum as a security, the rejected ETF will probably be followed by a wave of lawsuits against the Foundation and crypto exchanges for trading in unregistered securitiesπŸ“‰
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