Waiting to let the market decide on July's trend.
Alts don't seem to care so much right now.
I think the interest farming thing is leading the people holding through dips and probably buying more.
Everyone's moving their BTC to wrapped BTC on the ETH blockchain.
Seems to be increasing the M2 of BTC but since this is the first ever Defi cycle no one knows if the high interest yields will actually pan out.
I don't think many of the crypto loans have matured long enough to see if there will be defaults or not. If BTC keeps dropping there's going to be a pretty big sort squeeze inn Defi plays as people see that their interest isn't high enough to cover losses and they'll start selling.
Right now I don't think people are tethering out of jumping back into BTC I think they're just converting DeFi alts to whatever has the best interest.
July Investment Thesis:
Continue to ride Junes top performing Alts until the market changes.
The Alt reset that usually happpens with BTC volatility is decreasing so Jump on.
Be patient, Be picky, Focus more on Risk/Reward Vs. Tops/Bottoms.
Alts don't seem to care so much right now.
I think the interest farming thing is leading the people holding through dips and probably buying more.
Everyone's moving their BTC to wrapped BTC on the ETH blockchain.
Seems to be increasing the M2 of BTC but since this is the first ever Defi cycle no one knows if the high interest yields will actually pan out.
I don't think many of the crypto loans have matured long enough to see if there will be defaults or not. If BTC keeps dropping there's going to be a pretty big sort squeeze inn Defi plays as people see that their interest isn't high enough to cover losses and they'll start selling.
Right now I don't think people are tethering out of jumping back into BTC I think they're just converting DeFi alts to whatever has the best interest.
July Investment Thesis:
Continue to ride Junes top performing Alts until the market changes.
The Alt reset that usually happpens with BTC volatility is decreasing so Jump on.
Be patient, Be picky, Focus more on Risk/Reward Vs. Tops/Bottoms.
