Vesting vs. investing
4 min read

Vesting vs. investing

Cryptic ball: it's all about locking up.

Not much has changed since December 4th's dump, but it's worrying to see that for four times bitcoin has failed to print a higher high in the horizontal range it's currently stuck in. That makes me think traders are more concerned with this diagonal line that has clearly halted all bitcoin's advances since the $69k meme top printed on November 10th. This weekend was no different, and apathy ruled most of the crypto market, with BTC trading between $46k and $48k.

Such lack of interest is typical during this season, especially within bearish phases. Again, as explained over the past weeks, I don't think we're entering crypto winter (even miners are bullish, otherwise their hodl reserves wouldn't be near their all-time high). But this month's vibes have been quite similar to this summer's - so one needs to be patient if they want to enjoy the rewards that come with time. However, as Christmas approaches, it's possible a miracle pump takes place.

While I wouldn't put much hope on it, it's interesting to see how bears haven't attacked despite all the tests of $46k going on. This is a probable hint that capitulation is here and that all the selling has been completed. Moreover, there's the expectation many funds stopped trading earlier this month and will resume it early next year. To add to the optimism, it's a great sign that Terra's Luna reached a new all-time high yesterday - it even looks like it will print a new one today!

Why? Because it's incredible how the top Layer-1 projects - which I first highlighted this April in one of our few explicit recommendations - remain strong. While some are implying we're going through the first phases of a supercycle, something I often talk about and also covered in today's Tweet Tip, I think it just shows bulls are waking up - like we saw last July. It could also mean the top will be around Q1/Q2 2022, when all the funds that invested in the seed rounds of these sexy alts are finally able to cash out, as their lock-up periods come to an end!

Chart art: it's all about breaking out.

If $46k (or $45.5k) doesn't hold, then we'll go to $42k and alts will suffer. Let's hope that level doesn't trigger many liquidations - it doesn't seem like it will, in case it ever comes to that.

Three things: it's all about writing down.

Tweet tip: it's all about cycling away.

Does this massive sideways range look bearish to you?

Meme moment: it's all about that champain.

LMAO, Meltem Demirors memed this today in regard to the current investor sentiment 😬

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of guidance in the report will lead to any particular outcome or result.