Market Thoughts: March 19, 2025

BTC

btc holding insanely strong compared to rest of the market. BTCD nearly at 60% rn.

also of note that spot ETF flows starting to turn positive again. we keep an eye on this but not surprised if price action goes sideways for a while

ETH

starting to hear that ETH core team are starting to turn things around. that they're really listening to community feedback and adjusting direction accordingly.

definitely improves my sentiment for ETH. not enough to be actually bullish on it, but also not too bearish. I think ETH has a good chance to pump when more $ flows back into market.

SOL

in a really awkward position right now. it's the best tech, insanely good. but the market has been extremely farmed - all the gamblers are exhausted now. ruggers, stakers, pvp'ers cash out what they still can.

it's possible we see double digits on SOL again, ($80?) doesn't feel like we're fully in the clear yet. there's room for more pain. will try play this carefully atm.

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the best traders i follow are still pretty cautious of this market atm. no obvious play to be made. more of a waiting game atm.

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thoughts on macro:

• we are increasingly becoming dependent on global macro / liquidity flows. and more and more dependent on institutional bid.
• this is why saylor bid also matters a lot. his ability to raise (and shill) is actually a big signal of risk tolerance and liquidity available.
• if the market structures don't blow up completely, I think we can resume back to a bullish uptrend soon enough. price go up. glgl