5/➮ Bybit's Hack
✧ The biggest hack in crypto history that dumped ETH
✧ Bybit was hacked, and $1.5B in ETH was stolen, which is a huge amount
✧ Hacks always negatively impact both overall sentiment and the market itself
Discussion
6/➮ BTC as a Macro Asset
✧ Everyone still believes that if BTC pumped like this, alts will pump somewhere soon too—but no
✧ BTC has now partly become a macro asset, globally recognized
✧ That's why it can grow, but crypto itself doesn't necessarily follow
✧ On the other hand, when BTC drops, alts drop too
✧ This is due to an oversupply of alts on the market, so it’s crucial to finally understand: alts will pump, BUT definitely not all of them, it's not 2021 anymore. Choose wisely.
7/➮ Stablecoin Index
✧ On the other hand, we have the stablecoin index, which is still far from reaching levels seen in previous cycles
✧ This index indicates new capital entering the crypto market
✧ And at the moment, it is only starting to grow
8/➮ Global Net Liquidity Index
✧ There's also an indicator that tracks major central banks' assets and FED reserves
✧ Right now, we are witnessing its reversal, which accordingly signals a possible market reversal as well
✧ For now, it’s in correction too
9/➮ FTX Payouts
✧ Let’s also remember the FTX payouts, which have already started
✧ In the next couple of weeks, about ~$7B will be paid out, and these will also be reinvested into the market
✧ This will also give a nice boost to the market's growth
10/➮ Leading Market Players
✧ The most bullish factor remains that leading market players are actively accumulating
✧ WorldLiberty, Michael Saylor, BlackRock - these leading companies are massively building positions
✧ They are clearly not doing this without a strategy and just for no reason
11/➮ Conclusion
✧ Considering all factors and the overall picture, things aren’t as bad as they seem, but the fact remains:
We are currently in the disbelief stage
✧ It's exactly these moments that create the best opportunities
✧ Learn new skills and develop yourself, before the market pump, and find yourself among the winners at the end of this cycle