The market is COOKING.
• $ETH broke $4,600
• Corporate ETH holdings hit $13B
• $370m of shorts liquidated in the past 24h
• $ETH saw +760M in stablecoin inflows
• BTC.D fell below 60% for only the second time in 6 months
We. Are. So. Back.

$BTC dominance is in freefall.

Google searches for "altcoins" just entered price discovery..
Retail interest is coming back.

DeFi szn is back.
Feels good saying that.
TVL almost back at 2021 highs!!

I recently took a big position in $LINK.
• RWA TVL just hit $15b+
• BlackRock/Trump are pushing tokenisation
• Circle, Tether and many corps are launching their own L1s
Who do you think is the main beneficiary of all this?
Watch my full thesis 👉

Thought this $BTC/M2 chart was a bit of a meme, but it does seem to be playing out closely.
Even if it doesn't exactly follow, we know that the general trend of global liquidity is typically reflected in the BTC price.
$BTC is a liquidity sponge.

Fun fact: Strategy holds more $BTC than all other public companies combined.
@saylor is king.

Ethereum saw 8x more stablecoin inflows than any other chain in the past 24h.
That’s $335.5M more than the nearest chain.
Attention goes where liquidity flows.
My #1 focus is on ETH betas/DeFi/RWA right now.

CPI cheat sheet.
When: 8:30am ET, Aug 12th.
Expectation: 2.8%.
Outcome: Below = bullish, in-line = neutral, above = bearish (short term).
Overall, what matters is that we get a rate cut in September, which is the probable scenario (see below).

$XRP & $LINK are the top 2 tokens in terms of sentiment right now.
A sign that retail interest is coming back (ISO narrative was also trending again today).
Personally been adding to my LINK bags recently.. I'll explain why later today.

Interesting data from @YashasEdu.
In major bull runs, $ETH typically hits 35% of Bitcoin's mcap.
2017: ~35%
2021: ~36%
Based on BTC's current market cap, this should put $ETH around $6k (still lagging, but starting to catch up).
At $150k $BTC, this would put $ETH at $8k+.