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Degens Deteriorating
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NEW: HUSBAND ADMITS TO WIFE HE LOST $200K OF THEIR MONEY BUT IS OPTIMISTIC ABOUT NEW SHITCOIN OPPORTUNITIES

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NFTs continue to die

Turns out fungibility does matter

$ETH continuing to die too, for that matter

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Throwback to October 7th

Prices dropped for 5 days straight,

And then the giga-boom began

Will this pattern repeat?

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Important to look at $BTC, and not the smaller ones like $SOL, when seeing if there are obvious patterns in the price movements

Not only because there are much clearer patterns on $BTC,

But because, mechanically, fair to say that

(1) The much larger $BTC drives the smaller ones, in the longer timeframes

(2) The smaller ones are, in the longer timeframes, often simply a distorted interpretation of the $BTC’s price movements, exceeding BTC’s highs when the market is optimistic, and underperforming BTC’s when the market is pessimistic

So yeah, in retrospect, BTC’s local top here perfectly fit the pattern

What happens next? Good question.

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