Understanding crypto
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Ve Market Forecast
Bonjour les gars! Ready for the week? 😊
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Ve Market Forecast
US government sent $218k eth to coinbase? 😭
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πŸ˜‚ Relax guys! The Coinbase depth is -2% per $11.02M worth. Hence, if $218k eth were sold on Coinbase spot, eth would drop by ~0.02%

Problem is actually the fud that it brings not the value sent to Coinbase! πŸ˜‰
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Ve Market Forecast
Bitcoin and Ethereum whales are a joke!
These are the biggest whales in all of crypto yet they just sit back and watch Solana grow users.

Now, Bonk.fun has overtaken pump.fun and is now doing $540M in volume with ~175k launches. This might be the reason for bonk’s token price surge since 50% of the platform’s fees are stipulated to be used for a buy back and burn program for the bonk token and 8% for a bonk reserve.
That’s 58% of fees going back to the bonk token right there!

This is actually insane given that bonk.fun has generated ~$34M in fees.

Bitcoin and Ethereum whales, what the F! Are you doing!?! Particularly Ethereum whales πŸ€¦πŸΎβ€β™‚οΈ
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Ve Market Forecast
hmm usdt.d πŸ‘€
Is this really it?
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That resistance we mentioned for it's 2H really knocked this thing hard.
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Ve Market Forecast
Ok, a few things. Bitcoin put in a new ATH which is from the previous ATH at 111980 to now 111990 or ~112k.

This is actually just about a 0.017% price increase and everyone is going crazy? actually makes me think we’re screwed πŸ˜‚ (not price wise screwed but the mentality in the space is a joke).

One more thing, these are what we get for the past 24H top gainers πŸ€¦πŸΎβ€β™‚οΈ
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eth-usdt is back at resistance! weekly candle above this and our next zone is at that 1.618
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Ve Market Forecast
118k? 😳 is this really it folks? Are we really doing this right now?
Is this that mad rush?
Eth hit 3k too

It’s surreal πŸ˜‚ But I need more for alts.
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Ve Market Forecast
🚨 Unbelievable! Absolutely the biggest commitment I’ve seen.

Bit Digital converted its entire Bitcoin treasury to Ethereum, selling 280 BTC and raising $172 million to acquire ~100,603 ETH.

Do they see alt season coming? πŸ€”
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Forwarded from ve premium
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