I am leaving Lens Protocol (Hey). The experience here has been terrible, as most web apps do not work or they do not include basic features like thread updates or, more importantly, a simple feed of the people I follow! Consequently, I am leaving here and am going back to posting on X, despite its many flaws.
$WIF, 5 minute #chart update. $ 3.33 target hit.
@hey Are there plans to add a feed of the people we follow? The curated feed is not really useful. I keep clicking "not interested" on everything, but it does not seem to help. Outside of that, I love the Hey interface and only see 2 things that could make it even better: threads (i.e. when a poster replies to their own post in a series of updates, e.g. think trading updates) and more importantly a feed the people we follow.
$WIF, daily #chart. Currently trading into divergence, often a sign of exhaustion. Will dogwifhat somehow break through these headwinds? My guess is it retests $ 3.33.
Cut my $ETH position due to high on-chain funding. The costs to maintain the position were just too high. I do believe $ETH will go much, much higher. However, high funding is traditionally indicative of local (and even major) tops. Many argue this means less now due to Ethena arbing rates. However, on-chain rates are really high probably because Ethana is not arbing those. Consequently, they may be better indicators of tops now. Regardless, I cannot maintain my position at such high costs. So, for now, I am out until funding clears or there is a better entry. I do have a large position on in $ENS. Therefore, as an $ETH beta play, I still feel I have plenty of exposure to "long Ethereum."
$USDJPY, Japanese Yen, daily #chart. It looks like it is time for them to intervene again. Then again, intervention does not appear to be working (as usual). There could be a massive dump on this at any moment, and this would cause the dollar to weaken substantially as the Yen is a large part of the $DXY index.
While I agree with this sentiment (it is fun), I recall how frustrating it was to receive the same, if not worse, treatment from the Solana army only a couple of weeks ago. Consequently, I wish we would not be so scrappy. I do not like all of the infighting.
$BTC, daily #chart update. $ 68,533 target hit.
BTC OI is over 34.95B right now. ETH is only around 16-17B. If ETH is to overtake BTC as the leader (which is still a question at the moment), it will wind up with over 35B in OI, potentially.
This picture defines well what $BTC maxis think of $ETH investors. They think they're broke. If you ponder this, it is exactly what $ETH maxis think of the $SOL crowd. The belief is that they are mostly broke gamblers trying to hit it big.
