ByzantineGeneral

The most cursed thing about the market right now is that not even bears are making money.\n\nThey keep trying to short the breakdown but every single time it does a fakeout and squeezes them lmao.

$ETH is in a very interesting spot. \n\nIt took out a lot of local lows with a stop hunt on high volume. \n\nCould end up becoming a bear trap. Would need follow through tomorrow.

$FLOKI made a pretty significant breakout from that downward channel.
Mean reversion back to the EQ seems very likely, and if BTC doesn't shit the bed we could even be moving back to the top of the range.

Looks like they're slamming $DASH now as an $XMR beta play I guess.

Lots of short dominated OI on $EIGEN, but it's breaking out now.
The tokenomics recently improved too with the EigenAI that'll generate revenue for buybacks, and the apps & agents platform going live... I think we get a little comeback.

Starting to look like a real breakout 👀
Funding still below baseline too.
$BTC

People are already shorting this pump it seems.
Hmmm, we might have to go a little higher.
$BTC

Real talk for a moment. Between the Nascar & F1 branding, Nasdaq bell ring, US house reps using penguin PFPs, the Vegas sphere, etc etc... There aren't many brands like this in crypto.
I think that we run it all the way back this year. Break this range and it's go time.
$PENGU

$XMR open interest is in USD at its highest level ever now with $150m in total OI.
Which is, to be fair, not that much considering that it's an $11b mcap coin.
Kinda surprising that it still has such a high mcap with all of these exchanges that delisted it.

Wtf is this price action 😂
Based on the open interest, it looks like people did NOT have fun today.

$ETH open interest has been consistently rising (coin denom) and is back at the same level as just before the major capitulation event in October.