Week 13 June - 17 June 2022
Getting more furious at boomers laughing at us. I’d rather go to dust than getting laughed and mocked all my life - Mars Captain
- Total MC broke 1T, going down in extreme bearish sentiments 📉
- ETH-stETH crisis going on with 3AC and Celsius going down hand-in-hand happily together. 💑
💵 Stablecoin & Market Landscape
(Last 7 day average) Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.64% of stablecoin (154.5B) on 0.99T crypto market.
Stablecoin % further jumped in the last 7 days, now at 15.64%. A significant uptick compared to last week.
Reminder, in mid-NOV 2021, this percentage was ~4% with a 3T total MC. Now we are at ~15% with a ~0.99T total MC.
There is never the ATH or ATL in crypto, it can always go higher or lower. This week we broke 1T. 😢
Reminder, we are at the lowest point in the last 365 days for three consecutive weeks already.
Correlation spiked up this week to 0.94. Boomers gaining over control again.
Could it be that US trading activity is crashing the market? 😠
Inhabitants of developing countries are the most optimistic about Bitcoin's future. Even China.
Well, what can we expect, single digit all week long. Extreme bearish! 🐻
From last week’s early 20ish, waterfall-ly dropped to 14 today. Can it go single digit? 🥶
📰 Current affairs
Layer 1s & DeFi:
NFTs & Metaverse:
Macro Economy & Regulations:
Research Reports & Videos (DYOR):
4th Annual Global Crypto Hedge Fund Report 2022: