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