Bearish for now, don’t freak out lmao.

As I said I trade short-term I don’t have a strong view on long-term.

But if you ask me this cycle is not over yet.

I like the strength on ETH - BMNR is up on premarket.

Rally could have legs.

But also feel like here is a bad spot to get in.

I am still very optimistic about $ENA.

Show me a single coin with a stronger investment case — I haven't seen one yet.

There are two caveats:

First, the investor unlock is pretty significant.
Second, it only works when funding rates are high.

Monitoring the situation.

(Currently not holding any.)

$ENA key metrics:

- Unlocks* (until 2026): ~$477m
- Fees (until 2026): ~$324m
- Revenue (until 2026): ~$132m
- Pipe Raise/Cash: $360m/$260m

Year-to-date increase:
- TVL: +120%
- Marketcap: +50%

Catalysts:

StablecoinX Nasdaq listing
HyEna Exchange
Fee Switch
Converge Blockchain

*Includes Team & Investor Tokens

Currently writing a long-form posts about ENA, where I take my time and explain every single upcoming catalyst for Ethena, in case you are interested, I will try to finish it today.

1 minute until J. Powell conference:

https://www.youtube.com/watch?v=EwKF3jbOBmI&ab_channel=BloombergTelevision

ENA fastest horse of my list of strong coins.

I collected everything bullish that I could find about ENA and wrote an extensive article about it explaining why I am so bullish on it.


https://x.com/CryptoStreamHub/status/1958897535361138778

If you can I appreciate any like or even repost on the article, it helps me a lot (thanks in advance).

It's crazy how ETH has been trading over the last week.

I bet many became extremely bearish and sold at the bottom, and are now completely sidelined after eight days of losses were erased in two hours.

Imagine if the pump reverts now only to rekt everyone who got long on the pump.

Eth might ath today

Ethereum Market Cap Up $65B, Set For Second Largest Daily Increase Ever — Market

Second Largest Increase Ever

ENA is the top performer from the coins I track 😎

Your portfolio might be down after this predatory weekend price action, where you got baited into longing the ATH breakout.

While it's horrendous on the five-minute chart, I encourage you to zoom out a little.

Ethereum is currently in a parabolic expansion, and this little dip doesn't even show up on the weekly chart.

If you are overexposed on altcoins and or hold leverage positions, let me tell you the next catalyst is around the corner; all we need is to survive until then.

I hedged some positions yesterday but ultimately closed my trades.

Took a large L on this one.

Got baited by the weekend price action and got caught in a toxic ATH breakout long.

It is what it is.

Leaning towards short now, don’t have any positions open yet but the market looks very weak.

This was probably written in a state of cope/hope that everything will be alright.

It probably will at some point, but I‘m not the type of trade who can sit through such volatility.