sorry tomasz - i did try! i will set timers on my phone next time i promise!😂😆🤣

i agree lol - i usually just riff as im going through the different charts/layouts

believe it or not i actually intended this one to be much shorter (like 25-30m) lol. will work on keeping these more concise during more quiet weeks!

thanks for the feedback

ill do my best

yeah I'll try to do this more often. maybe weekly?

sorry ser i missed this comment

it is an internal indicator we are still working on and tweaking - will be released in a similar dashboard format to the sector performance dashboard when we are ready

it looks at various onchain indicators, sentiment type indicators, and macroeconomic indicators. we then try to normalize as best we can and aggregate into 1 top line score (0-100)

the more intense the indicator, the more 'toppy' conditions we are seeing around BTC

the inverse is also true, the less intense the indicators, the more 'bottomy' conditions we are seeing around BTC

the % change in indicator intensity is also quite useful as well when trying to get a bit more precise in locating tops and bottoms

once we finish tweaking, we will ship for everyone to see and have access too!

i mentioned 2 people on twitter i think

@tradermagus & @stoiiic

appreciate it! kinda nailed this one :D

im working on it :D

not sure. truthfully i was trying to be diplomatic

i think the market clearly prefers a "Trump Win"

i liked dVIN, but truthfully i need to look into it more.

i'm less interested with things like tokenization of financial assets (even though its an obvious use case), and more interested in bringing alternative assets on-chain (collectibles, wines, etc).

nailed it

For me its very difficult to thing about specific levels once a chart breaks ATHs, especially with assets such as BTC. When we broke 20K, there was no real way of gauging ahead of time which levels would matter as you don't have any historical precedent to work off of. Moreso looking at the metrics that have been in the drivers seat of this move.

That said, ETH and SOL still haven't quite reached those types of breakouts just yet.

When looking at SOL higher timeframes/weekly charts, there really isn't much in the way of resistance at this point. The immediate levels I would be paying attention too is around $200 and then probably ATHs.

For ETH, its a relatively similar picture. The $4000 level has historical relevance to last cycle and represents a clean 2x from the $2000 level range break back in November. And then you'd expect the market to start looking back towards previous cycle highs.

last year thru march was Revenge of the Regulators

now we are in the Return of the Coins phase

no one can stop me from riding BONK to multi billion market cap if the SOL thesis plays out and it goes back to the highs :)

update here: we've just crossed my danger zone of 34% on altcoin OI dominance

spoke about it briefly in this tweet this morning

https://twitter.com/3xliquidated/status/1721587304924377416

looking back at it now, we actually see alts continue to make ground with respect to asset trading distribution.

currently, alts make up 33% of crypto OI dominance (danger zone for me is when we get back towards 34-35%+) as they've lined up with local tops historically

hard to tell what the distribution within alts is (need to pull data by asset here), but I'd think a lot of this has been driven by SOL and similar names in recent days.

will come back with an update here/on the activity feed in the coming days for sure

yeah exactly, haha. not saying there is no risk as there certainly is

but assuming you run a legit credit and lending business and run the proper diligence checks and have safeguards in place, CB should be able to avoid many of the issues that we've seen plague centralized lenders previously

sometimes you just write out a big macro focused piece to organize all of your thoughts.

truth be told, this was part 1 of a wider report series with the crypto teaser coming in at the end

hopefully we can finish part two in the coming weeks!

I dont think opening a loan book is necessarily an issue

I think opening a loan book and not doing proper diligence on who you are lending too was a huge issue. The whole 'trust me bro' attitude.

I also think the people borrowing money from these centralized lenders were also doing nefarious activities, misrepresenting assets under management, double borrowing from the same pool for assets without disclosures, etc.

Credit and Lending solutions are some of the most sought after financial services in all of traditional finance. Credit and lending desks are absolutely necessary for institutions to do institutional size investing.

With the centralized lending landscape completely decimated in the industry, there is certainly an opportunity for a player to step in and provide these services. Hopefully coinbase has learned from the mistakes of industry peers, and does a better job on both their onboarding process of all clients and counter parties, and their due diligence process on specific loans. Additionally, insisting on external audits is probably a good mitigant.

big fan of the fuzzy anecdotes as I do a similar exercise.

how are these looking now, say compared to maybe 6-12 months ago?