Crypto Holders The Tide Is Shifting [Be Prepared]

Lark Davis

Market Analysis and Trends

The US Treasury Secretary is discussing the potential for lower interest rates, which could have a positive impact on risk assets.

  • The 10-year Treasury yield has broken through a five-month uptrend, potentially indicating a downtrend.
  • The US economy added 183,000 jobs in January, exceeding expectations and suggesting the economy is not in recession.

Cryptocurrency Market

  • Bitcoin is attempting to reclaim its 50-day EMA and could potentially retest previous highs if successful.
  • Ethereum is attempting a breakout on the 20-period moving average and is at a critical price level of $2,800.
  • The crypto total market cap is showing signs of exhaustion, with buyers deployed and speculators blown up.

Altcoin Season

  • The altcoin season has been called, but it has not yet materialized due to market exhaustion.
  • Some fundamentally strong assets may outperform, but others may not recover.

Personal Opinions and Portfolio

  • The speaker has swapped 40-45% of their Ethereum into Solana and may consider selling more Ethereum if it reaches $7,000.
  • They are a fan of Chainlink and consider it a steady coin with good technology.
  • They do not currently own Cardano and have not owned it since 2021.

Layer 2 Tokens

  • The speaker would not invest in layer 2 tokens, citing their poor performance and lack of real value in the network.

Ondo Finance

  • Ondo Finance has launched a platform to bring US stocks, bonds, and ETFs on-chain, which could be a significant development.

Market Predictions

  • The speaker predicts that the market cycle peak will occur when the US Bitcoin reserve bill is debated in Congress, regardless of whether it passes or not.
  • They believe that the expectation of the bill's passing will drive the market to its peak, and that the actual passing of the bill may not have as significant an impact on the price as expected.