X @Bankless

Market Analysis & Investment Strategies - The market may be coiling beneath the surface, suggesting potential for future movement [1] - Altcoins might experience a "hate rally" [1] - Valuation metrics indicate surprising accumulation trends [1] Onchain Data Insights - Discussion of BTC onchain data and its relation to price [2] - Analysis of ETH and Solana onchain data [2] - Examination of the Altcoin Season Index [2] Portfolio & Asset Allocation - Sharing of current portfolio moves, including high-beta bets like Pepe and ENA [1] - Bull case for beta assets is presented [2] - Discussion on how to value an L1 (Layer 1 blockchain) [2] Macroeconomic Factors - Macro triggers that could spark the next leg up are laid out [1] - Consideration of the macro setup in relation to Liquity [2] Specific Projects & Concepts - Ethena is mentioned with a dedicated memo [2] - Discussion of crypto equities [2] - Rethinking conviction in a naturally extractive market, referred to as "The HODLer's Fallacy" [2]