Would bet that the true zero-sum massive capital sink this cycle
β is perpetuals platforms
Those truly sucking up billions to create absolutely nothing, not even communities
The perp platforms arenβt even trading the real underlying coins, itβs all virtual contracts
Pumpfun still bad and badly misconfigured in many ways,
but overlooking the biggest zero-sum capital sink here
Oh and the real altcoin season is still on the way, always AFTER $BTC gets closer to cycle peak
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
β is perpetuals platforms
Those truly sucking up billions to create absolutely nothing, not even communities
The perp platforms arenβt even trading the real underlying coins, itβs all virtual contracts
Pumpfun still bad and badly misconfigured in many ways,
but overlooking the biggest zero-sum capital sink here
Oh and the real altcoin season is still on the way, always AFTER $BTC gets closer to cycle peak
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
π―4π1
Billions getting silently swallowed up by the perps platforms now,
much of which likely wouldβve gone toward some kind of value-creating investments,
instead now being used for something of true zero value creation, afaik
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
much of which likely wouldβve gone toward some kind of value-creating investments,
instead now being used for something of true zero value creation, afaik
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
π―5
Alts performance vs. BTC, measured from BTC cycle bottoms
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
π³πΎπΎπΌπΏπΎπ π πΈπ½πΆ
π4π2
This media is not supported in your browser
VIEW IN TELEGRAM
π₯8β€βπ₯2π2
This media is not supported in your browser
VIEW IN TELEGRAM
π6π―4π€¬2