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Chit Chat is a project I’m a part of and equally excited about. The goal of the platform is simple: connect information seekers and providers with minimum friction. Currently compatible with both fiat and crypto for payment. Anons welcome to use it as well!
My public calendar if you want to connect one-on-one is here.
Market is in easy mode dudes. Trending price action off the lows and up 40%+ on a rolling 30-day basis. Playing out exactly how I wanted to see it:
Now let’s see what we get at $50k, which feels like the final boss. GBTC still trading at a ~12% discount for those who are into tracking that.
Two things have persisted since our breakout above $40k - FTX perps trading above Binance perps and Coinbase trading at a premium to other exchanges. Bullish. Also note that the FTX vs Binance premium chopped in half on our first visit of $45k (indicator at the top), which was most likely a sign of some profit taking.
You can also see that changes in funding on FTX had a downward bias from $42k - $45k. Just another look at the idea of profit taking / potentially weaker price action incoming. Note that the change in this trend occurred near the bottom of this minor pullback at $44k.
Market Realized Gradient still in the green, signaling price is appreciating faster than in-profit coins are changing hands. Bullish.
I was planning on making this week’s letter purely NFT chatter but I decided I wanted to be a bit more thorough, as I’m still working through OpenSea’s asset API (already have collections API running). Hopefully can finish this next week.
Until then - stay bullish.