Libre Blockchain

$XRP, $UNI, $SOL and $ETH Should be Sending Off This News

For various reasons that I mentioned before. $XRP will be the biggest beneficiary of this news I’m betting though. Not too late to hop on that train as it continues to ascend. There are already a ton of shorts that got liquidated at the $1.17 level last alert I saw 🤷‍♂️.

$SOL already having a good day off the Bitwise Solana ETF application news & announcement that the SEC was engaging other applicants. Now we hear Gensler is stepping aside, the bullishness of that news is amplified.

At least that’s the narrative the markets will operate with. And why not let them?

Gensler Stepping Down = HUGE

Now we got a solid guarantee that the next SEC Chair will be headed by a Trump nominee. Republicans got Congress, so nomination process should be smooth and swift.

This is bullish as fuck for Ethereum & Solana’s ecosystems. As well as DeFi in general (particularly $UNI). This will definitely bode well for $XRP without a doubt given the potential for an XRP ETF (that the SEC was formerly opposing) & the appeal they recently filed (which they may decide to withdraw at some point in the future under new leadership & direction).

Chances are huge we could have a mute SEC for the next couple of years as it pertains to cryptocurrency. You make your own deductions as to what that means in general.

Bitcoin Racing Toward $95k / Notes on Options ETF

With the spot Bitcoin option ETF being granted, there’s now another vehicle to exert greater buy pressure on the spot Bitcoin ETF itself - which is the underlying ETF for the options vehicle. We know BlackRock was first to the line with their own options ETF which started trading yesterday & grabbed $1.9 billion in trading volume the first day.

Price Feedback Loop Potential

There is a possibility that Bitcoin could enter a feedback loop if there’s a “negative gamma” situation. In other words, if traders get caught being over leveraged in one given position and Bitcoin squirts up above whatever the strike price for expiry is in those over leveraged contracts - the price could go on a run in that direction for a little while before settling down.

To translate - let’s say a bunch of traders are short Bitcoin at $100k (out of the money contracts) & for whatever reason there’s a volatile move that shoots Bitcoin up above $100k for some reason. That will result in the liquidation of a bunch of shorts & force market makers to cover positions going the other way (long) which will exacerbate the bullish price run past that point. So it’s entirely possible $100k could morph into $110k+ in a very short period of time.

The opposite could occur too if Bitcoin were to make a sudden move downward that catches leveraged long traders off guard. We’ve seen microcosms of this in crypto so far but not quite at the macro level we’ll be seeing it this time around if and when it does happen.

Allow the $SOL Supercycle to Begin - Another Obvious Pick Up & Hold

Solana has been lagging the markets in general in terms of total gains. 85%+ of all new token launches have been on Solana over the past couple of months.

It took off before the rest of the markets did when BTC was still struggling to cross $70k. Now it’s starting to get some movement in again.

$XRP Up 46% Since We Called it an “Obvious” Trade TWO Days Ago

Do we ever miss in here? Serious question. Ripple was trading at around $0.77 at the time this post was made.

Once again, we saw this from a distance, understood market conditions & the factors at play that could send it shooting and then - of course - wisely identified this as a lucrative investment opportunity.

This wasn’t a meme coin. Wasn’t a low MC risky pick on some fringe exchange. This was a high liquidity, highly visible, easy to obtain asset that anyone with a mere Coinbase account could have grabbed with ease. No slippage. And if you’re in it now? You could also sell with ease.

Scroll back in this channel and see if anybody here has been misguided or misdirected once. Everything that’s been touched or called has turned to solid gold. #Midas ; let’s keep moving forward though guys.