Normally I wouldn’t start a topic when this can be easily googled because I am running into many scam bridges. Also went on Reddit and there are tons of links to bridges which drain your wallet.

So besides using a CEX what is a bridge one can use to bridge assets from the Ethereum (or any ETH l2 network like ARB) to the Solana chain?

We broke the ATH but had a horrible rejection. Initially I assumed we might of topped and this double top would of been it for this cycle however there is light at the end of the tunnel.

I assumed we would have a -$1B day today of etf flows. However most flows were positive. GBTC was -300M or so, it was high but not crazy like -$1B. But we were all waiting for the IBIT number and we were worried it would be low or negative but guess what. It came out and it’s $788M. This is a crazy number. Record high for the etf and 2nd highest inflow day while we broke ath.

So we might get another stab at $69K hopefully.  Seems boomers aren’t still buying bitcoin and they don’t care what price they pay.

Yeah we all assumed it wouldn’t until the halving. In the past it always broke ath a few months after the halving, we assumed this would be no different.

Another difference this time around is that the etfs weren’t a sell the news event which marked the top. Back in 2017 the CME futures marked the top, then in 2021 both the coinbase ipo launch and the bitcoin etf which tracked futures also marked the top. We assumed this would be no different but we were all wrong.

The only coin or token that came marginally close to flipping bitcoins market cap was ETH. This was in 2017 during the Segwit debate and ETH was gaining while BTC was declining and if I recall it came maybe a few %s away from flipping but never did.

Can some meme coins top bitcoin? Sure it’s possible but it won’t hold that market cap for long. Only way I can see this happening is maybe if some entity owns 99.9% of the supply and artificially inflates the price while never actually selling a signal token.

So it’s possible but not likely.

I knew this would happen when they removed the debt ceiling. They should of rose it a little and made cuts along the way to reduce it.

Problem is that this help is paid for by bonds and those bonds demand a 5% coupon right now, so they are getting deeper and deeper into this hole, especially when interest rates are still elevated. No idea if they will ever be able to reduce the steepening of the curve and make it more flat.

Coinbase on the App store is finally starting to accelerate rapidly.

2 days ago it was around 150 Rank
1 day ago it broke the 100 rank at 84

Now its standing at 44 Rank.

If this keeps up most likely next week we might be in the Top 10.


Whenever we are #1 we usually put in a top in crypto, give or take a week or two.

Something to keep an eye for.

From what I understand they sell those otc and they are auctioned off. At least that’s how it was in the past. I don’t think they will send it to coinbase and do a market sell on there.

What surprises me is that they haven’t sold anything since last July and price has been much higher. I wonder what they are waiting for. Now would be a perfect time because most of the sells would be absorbed by the etf inflows. If they sell during a bear market then it would be horrible for price but now since we got lots of demand the market should absorb it.

When there is a tether print and the market cap goes up it means that money is flowing into the crypto market. Now it doesn’t mean they are buying bitcoin. They can be buying Ethereum or some other alt coin, they can just keep it in USDT and just use it as margin for trading or they can even just lend the USDT for some APR gains.

But in general, it’s bullish. It’s because money is being fed into the market and it will help the system grow overall. It’s rare for tether to have burns but it does it happen. Usually when market peaked, the supply is flat and during a long bear market there might be a tether burn or two. But in the long time frame it usually goes up.

We are nearing $100B as I type this. I think we got $500M to go.

I don’t know what the min is right now but I remember back in 2017 you didn’t need millions of bitcoins to use OTC. Many exchanges have this feature and it’s just a way to transfer an above average amount of crypto without it showing up on the order books.

There are some benefits to this compared to selling regularly on the open crypto market. For example say you got $500M worth of bitcoin to sell, if you show this ask on the order books you will spook the market and many will front run your order, if you do it OTC nobody will know besides the exchange and perhaps the other side of the transaction.

Yes I think many are buying the ATH break. The sentiment is so bullish that we are getting predictions for $100K around the halving and some others are predicting $200K to $1M.

Also we never had a double top, we had a cup and handle in this area but we always broke it. So many are thinking it’s a safe buy here at $67K while selling for $100K at least.

At least that is what the majority are thinking.

Retail might not be in but wherever I go I am not getting calls for $100K, i am getting calls for $200K or $1M or something crazy and we didn’t even make the ATH yet.

Seems people are aping into crypto like crazy at the moment. Look at all the useless meme tokens are pumping. We got wif, shib, Pepe and of course Doge. Also some old coins like bitcoin cash, bitcoin sv, and Litecoin are pumping.

Not saying we are near the top but it sure feels like one.

Some exchanges basically leave sometimes the customers deposit at the deposit address for long periods of time before sweeping it. They do this due to fees pretty much. Sometimes if fees are low they can sweep their customer deposit BTC at once.

But this doesn’t happen daily or weekly, unless it’s perhaps a large transfer. So they might seem like a exchange withdraw but it might be leading to an exchange deposit, only this data lags because the BTC aren’t swept immediately.

This has been dragging on for years and will keep dragging on for many more years. Remember the XRP lawsuit which started a few years back and it led to xrp getting delisted on many exchanges?

If this passes then what the coinbase pairs be? I can see Bitcoin, Litecoin, Bitcoin Cash and maybe Dogecoin. Any other token out there which had some type of IPO at one point is considered a security. They needed to make the laws regarding this more clear about 5 years ago.

Bitcoin also broke the ATH in Canada however most sources dont confirm this and I don’t know why. The previous high was broken by a few hundreds and it indeed did hit a new high on that day we touched $64K.

There is some error in saying that bitcoins high was $92000 which is not true and didn’t happen. The high was $85300 and we hit $86885.

Funny thing is that our currency seems pretty much unchanged mostly for the past few years. Seems odd that we hit a new ATH in Canada.

I am pretty sure most of those coins are lost. If you search the block explorer for that day and you find an address which sent 25 BTC to the 4 participants you will see that they were never spent.

They probably just delete the email or threw away that piece of paper with the private key and it’s gone forever. Bitcoin was like less than $1 back then and not worth it setting up a wallet, finding an exchange to sell just to get $20.

I have answered this question probably 100 times.

There are no profitable trading groups out there. Nobody who is an expert and can make $1M per week on their own, will waste their time creating some signal service to make an extra $100 a month. Think about it.

These groups are all scams. They get a few trades right at the beginning, sell a membership and eventually they will go bust along with their users. And they will keep your monthly subscription. My advice is to learn how to trade on your own. Anyway to make it in this world.

Right now for a new trader, its crazy to trade futures. Even if its low leverage. Reason being is that the funding rate is crazy high.

At the moment its almost 100% APR for annual. But everyday its 0.25%. So if someone goes 10x long and holds the position for 4 days. They are pretty much out 10% of their maintaince margin. Because its 1% for 4 days in funding and at 10x leverage its 10 times as high. Its a receipt for disaster. Not recommended at all. Stay with spot.

This is why I am not going to be surprised if we get some liquidation event soon because there is too much leverage in the crypto markets.

As far as I know the new Bitcoin ETFs which were launched in January haven't enabled option trading. The only way on the NYSE is to trade the BITO options. BITO is that ETF that launched in 2021 and it follows the BTC Futures on CME instead of the actual spot market.

Keep in mind its not a good idea to trade options on a product which follows the futures. The futures have a premium or discount and when you buy a call or put, you are paying another premium on top of that. So unless there is a huge move, you willl end up with an option that expires useless.

My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

I don’t think there is 4-6 million lost. Many of the coins from 2010 can still be moved. Just today some dormant miner ended up moving 2000BTC from 2010 to a new wallet. They are 13 years old and just moved today. This is proof that these addresses while dormant can still be moved.

Those from 2009 most likely won’t be moved however. Especially since many are satoshis and those other blocks in the early all had the bitcoins already spent.