Bitcoin treasuries aren’t the thesis for $BTC : they’re its leveraged version. Strategy’s mNAV fell from 3.89x (Nov. 2024) to 0.87x. Without a premium, each new share dilutes rather than adds BTC. And redefining the metric doesn’t fix the model.
Ethereum hit the brakes, Solana sped up: 4 key takeaways from a week that will be decided on Wednesday
Something happened this week that almost nobody connected: Ethereum hit the brakes on its next major upgrade just days before testing it, while Solana completed its own. Meanwhile, Bitcoin didn’t budge. Both developments say a lot about how this is really being built. Here are the week’s 4 key takeaways and why Wednesday could define the rest of October. 1. Ethereum hit the brakes (and that’s okay) Glamsterdam was set to activate on the Hoodi testnet this Monday, October 26. On October 22, at the ACDE #248 developers’ meeting, they decided to postpone it with no new date set. The reason wasn’t a bug: a security review found that they needed to study more carefully how EIP-8037 (which changes the cost of creating new state on the network) interacts with contracts that already exist on mainnet.
$SOL en $100.65: -0.7% in 24 hours and -16.6% in 30 days. The Alpenglow upgrade failed to spark a rally, and ETF outflows are draining accumulated gains. Between 14 and 20/10, it touched 100 twice and bounced; today it’s testing that level again (24-hour low: 98.81). What matters more to you: the level or the flows? ⛵ #Solana #SOL #Crypto
40 new wallets withdrew 9,458 $BTC from Wintermute in October: $771 million. Transfers from a market maker to new wallets are usually seen as accumulation. ETFs sold $137.9 million on Friday, and BTC touched 79,146. Someone is scooping up what others are letting go. What do you think? ⛵ #Bitcoin #Whales
$BTC Opens at 80,323, down 0.2% in 24 hours. On Saturday, it lost 80K (low of 79,146, the lowest in over a month): ~400M in long positions liquidated on low weekend volume. With the Fed this week, 80K is the level to watch. Are you watching it? ⛵ Follow me for the analysis every morning #Bitcoin #Crypto
Day's close: portfolio -0.87% (DCA-weighted). $SOL -0.88% · $BTC -0.41% · $ETH -1.31% A quiet red day. Dropping anchor isn't fear: it's knowing the next purchase will be cheaper. Follow me and keep following the journey to the catamaran ⛵ #DCA #Solana #Bitcoin How did your portfolio close today?
$SOL SOL at 101.28, down 3.6% in 24 hours and 11% in 30 days. It's being pressured by high U.S. bond yields ahead of the Fed, net ETF outflows, and profit-taking after Alpenglow. In February, the 100 level halted a 25% drop from 127. Which matters more: the Fed or the psychological 100 level? ⛵ #Solana #SOL
End of day: portfolio -0.88% (DCA-weighted). $SOL -1.10% · $BTC -0.63% · $ETH -0.69% All three in the red and neck-and-neck. Nothing to do today, and that’s part of the plan too: wait without touching anything. Follow me and keep following the catamaran journey ⛵ How did your portfolio close today? #DCA #Solana #Bitcoin
$DASH rose more than 7% in 24 hours and it surprised me: there's not a single solid news story to explain it. It had fallen ~17% in a week at the beginning of the month, so this looks more like a rebound and rotation into an underperforming privacy coin than anything new. Will it last, or is it a trap? #DASH #Privacidad #Crypto
Unpopular opinion: $BTC today it’s not digital gold, it’s just another tech stock. Yesterday it fell below 82K because of Meta and Tesla’s earnings and doubts about AI. A safe haven doesn’t crash because a big tech company overspent on AI.
$ETH at 2,399, +0.4% in 24 hours but -11.4% over 30 days: more than double the drop of $BTC (-4.8%). The catalyst: ETH ETFs saw outflows of ~$110M on 22/10 (SoSoValue), and the month is in net negative territory. Without institutional flows, today's 2,372–2,413 range is just a waiting game. Are you watching the flows or the chart? ⛵ #ETH #Ethereum #ETF
End of day: portfolio -3.6% (DCA-weighted). $SOL -3.51% · $BTC -3.54% · $ETH -3.86% A uniformly red day; everything fell together. I’m not selling anything: the next DCA will buy at a lower price. Follow me and follow the journey to the catamaran ⛵ #DCA #Bitcoin #Solana How did your portfolio close today?
Altseason is crypto’s most recycled promise. Dominance of $BTC at 60%, and ETFs brought in US$1.080M in 3 days... to BTC, not alts. Institutional money doesn’t rotate into tokens without revenue. Waiting for another altseason is waiting for 2021 all over again.
$BTC en 81,710, down 2.4% in 24h, at the day’s low. Falling despite three straight days of ETF inflows: tensions in the Middle East and Brent near 111 are weighing on it. The last time it fell below 82K (12–13/10), USD 771M in leveraged positions were liquidated. What matters more today: ETFs or macro? ⛵ #BTC #Bitcoin