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📰 Is a Halving Pump Coming Or What?
💎 Another -50% Discount On Alts Looming?
💥 Bullish Enough on Fantom (FTM)?
📢 BAYC NFTs Discount, China Sees Positive GDP Figures, Adidas x Stepn NFT Collection
💭 Today’s Takeaways!
Good Morning Degens,
If I were to tell you right now that tomorrow altcoins will crash 50%, how would you feel? If the answer is scared, then maybe you are not positioned correctly. What if war actually breaks out and stocks and crypto go to zero? Will you be able to make it through?
We may be going lower soon.
Everything is possible and nothing is certain…
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
📰 Question of the Day
Only The Patient Will Make It…
Everyone is confused and there is no real order in the market right now.
Some random coins are pumping but there is no clear direction for us - and most coins are actually down quite a bit.
As far as the ETFs go, yesterday we saw:
A negative day with $36.7m outflows
GBTC contributed $110.1m to the outflows
BlackRock had $73.4m inflows
Overall, ETF demand has stagnated over the last four weeks, though on-chain Bitcoin accumulation remains highly active (hopium).
As far as retail goes, the Short Term Holder (STH) average price is sitting at roughly $57,400, which means STHs are in roughly 10% profit.
So, Is a Halving Pump Coming Or What?
The grand question!
Everybody wants to know if the Bitcoin Halving is going to pump the market. It's all anyone is talking about now. Well, we definitely got the pre-halving dump. However, that might not have been 100% due to the halving. Other factors as we mentioned recently are at play, like the Israel-Iran conflict, the “Sell in May, and go away” thesis (I mentioned this might cause a sell-off in mid-April), and tax season.
There are some interesting charts we can look at to see where crypto might head next. Like this one for example. Titan of Crypto mentions Bitcoin is taking a breath before the take off.
“Each time Williams %R indicator touched the dotted line for the 1st time in a cycle it was followed by an impulsive move to the upside. Patience is key.”
But focusing on the short term is probably not the solution. You aren’t going to get rich in a day from holding Bitcoin. You have to zoom out and think long term… really long term.
Here’s the thing. My friends have started asking me about crypto. Mostly airdrops (like GUMMY). They are 100% retail, and I know this because I told them to check out Arweave (AR) when it was $4 (now at $26; $44 a few weeks ago). They didn’t bother. Now that prices are pumping they want to make money fast, even though they were not here for the bear market, accumulating like the rest of us.
The message here is: No one will get rich from crypto… if they don’t give it time!
Things take time. This Willy Woo post puts it perfectly. I highly recommend you read it through.
💎 Degens’ Den
Another -50% Discount On Alts Looming?
Things are bad right now…
But it gets worse for the alts…
Ethereum to Bitcoin (ETH/BTC) has broken support! And if Ethereum goes down, it takes the alts with it.
So, in essence, we could be in for more downside. Sure, zooming out for long term investments might offer some relief, but that’s only if you have the cash to spare. The golden rule to investing is to not invest capital you can’t afford to lose. People that need liquidity but don’t have any because they are locked into crypto can ruin their lives.
Examples:
You remortgage your house to buy altcoins. They dump 70%. You can’t make your next payment and lose your house to the bank.
You take out a loan to buy crypto and the market corrects beyond control. You can’t afford your monthly payment and default, with the bank asking for the entire loan back. So you sell your crypto at a 70% loss and now owe 70% of that initial loan without anything to show for it.
Those that make these types of choices get rekt - or in rare cases are super lucky and actually make it somehow. Those feeling pain with this recent price action are probably somewhere in that group of people. And it may be time for them to reconsider.
Can you handle this?
Can you handle lower?
Can you handle bear market prices?
I'm trying to prove a point here about being grounded, not taking things for granted, and managing risk.
Sometimes the best thing to do is close the portfolio page and wait. Not do anything.
We have been waiting for the halving.
We knew things might get messy beforehand (probably not this messy, but still).
Lastly, many successful investors will tell you that taking profits along the way was a method they used to succeed.
As for where things are on the charts, let’s make it simple. This is the RSI heatmap of the major alts. The lower the coin is on the chart, the more likely it is to go up next as opposed to down.
💥 Best Alpha Posts of the Day
Bullish Enough on Fantom (FTM)?
The Fantom foundation is teasing something bullish coming on Fantom.
A meme coin specific protocol or side-chain.
We await to see… But with the recent surge in memes, this could be insanely bullish for Fantom!
The Pre Halving Dip! (Again!)
There is usually one. Don’t fret. This is mostly normal, though scary!
🐸 MEMEoirs of a Degen!
No, kitty!
Bad kitty!
Early Bird Access With Yield App Angel Launchpad
Yield App is our new partner. And I'm blown away by what the team is building. On the surface, Yield App looks like a centralized wealth management app, but in fact, it goes so much deeper than that. And their numbers speak for this!
What stood out to me is the rigorous due diligence and risk management for each project in their app, alongside the substantial yield offered (up to 25% APY) on deposited assets. This yield is genuine and actively managed by the team, not generated internally or via lending, with rates continuously adjusted for optimal user returns.
But here’s where it gets really interesting…
They have a launchpad named "Angel Launchpad" and just announced their inaugural project: ME3. The launch date will be announced very soon!
What is ME3?
ME3 fuses eSports, decentralized finance (DeFi), and community involvement. It redefines fan interaction by moving beyond passive viewership to active engagement through prediction pools and 'Stake to Win' initiatives, cultivating deeper community bonds and heightened fan participation.
Check it out and get involved below 👇
📢 Biggest Announcements
BAYC NFT Floor Price Reaches Lowest Level in Over Two and a Half Years
China Sees Positive GDP Figures
Adidas Partners with Crypto Fitness App Stepn, Plans NFT Collection and Merchandise Launch
💭 Banter’s Take
The main takeaways from today:
Things look bad, but there will be a floor somewhere.
Don’t be overexposed.
Don’t be greedy.
Take profits along the way.
Stay focused.
See you all tomorrow!