#BTC Update 📈

📅 Weekly Pivot Close: The weekly pivot close was decent. As noted previously, the final squeeze looked very manipulative.

🔍 Market Insight: Manipulation at the start of a new 6-month period is common in this market, and many indicators are pointing to it.

📈 Outlook: We are expecting higher prices in the near future, potentially even reaching all-time highs.

💡 Altcoins: Starting to look at altcoins as many have reached critical support levels. This could be a great opportunity to enter positions.

Stay tuned for more updates and potential altcoin recommendations!

https://www.tradingview.com/x/tpv8eNbe/

Sigma Crypto Chad

Optimism – the King of the L2 Market?

Optimism was the first L2 network launched on top of Ethereum in 2021.

Since then, over 50 new L2 networks have emerged, including well-known ones like Arbitrum, Base, Blast, Linea, Scroll, Mantle, and Starknet.

Despite the large number of competitors, the Optimism ecosystem remains the leader in terms of the number of transactions processed.

Here are some statistics illustrating Optimism’s dominance:

- 56.6% of all transactions in L2 networks go through either Optimism or networks built on its basis, such as Base, Mode, and Zora.
- If we include other networks built on Optimism but not sharing revenues (Blast, Mantle, Manta), this figure rises to 73%.

All networks built on Optimism will eventually be integrated into a single ecosystem with shared liquidity, bridges, and other applications, functioning as a unified whole rather than as separate networks.

Additionally, all networks in the Superchain ecosystem allocate a portion of their revenue…