2-5 mins Viewpoint: ETHBTC has still not risen enough relative to the gap in upcoming flows / what has been created this wk $4K is asymmetric because by many it is viewed as "top blasting resistance" when in reality that is not the case. Why? Much greater skew toward TCos bidding this wk than in prior wks. They view $4K as just a number; recognizing that is what makes the spot interesting Sentiment: EO is most beneficial for products like BTC or BTC.D. Not a bad thought; just baseless. If true: why did STRC have its worst day ever Friday? Simultaneously where ETHA volume returned to ~$2B and SBET/BMNR had record volume days? AKA if he's a good hitter, why doesn't he hit good?

Uh oh! What’s happening with ETH?

My guess is Saylor has able to raise ~$200-225M from his structured products this wk which is substantially less than the ~$1-2B that has been made available / is readily available on the ETH TCo end I suggest that ETHBTC has not risen enough relative to the gap in flows created. There was a 30% uptick in the last 2 weeks of July from a much smaller difference in quantum existing b/w the two from a visible demand perspective (~10%) I believe that a "lag" exists b/c of turnover around what you could creatively call "working capital" for these TCos, RE: from the time they receive capital to the time they deploy Think there is furthermore a gap in sentiment as yday was very noisy around the EO & how incumbent products, such as BTC and BTC.D could theoretically benefit the most. If this moat indeed exists: on the first day that this re-distribution could have occurred (today): Shouldn't we have seen that ▲ in appetite? Yet, the MSTR product everyone has been championing RE: STRC - traded at its lowest volume ever @ 800K shares (was averaging 1.4M this wk / 2.0M since inception) - on the same day that ETHA / SBET / BMNR volumes went significantly up Therefore I think it's fair to ask:

Streaming on why I bought the intergalactic top of ETHUSD / ETHBTC

I’m long ETHBTC

Happy $ETH $4k! But can someone tell me what ETH (or any L1) is actually worth? I’ve been on a quest for over 5 years to find someone who can put a price target on an L1 that isn’t pure gobbledygook nonsense.

Wait. The tariff fella?

Opening 401Ks to crypto announced wks ago... and is rehashed as if new Reflects constitution of 2025 mkt ... trying to adapt & have been torn to pieces to-date TLDR: Nvr priced in until last min b/c of news fatigue. See: DEFI/XRP the DAY stable-acts signed (-) LTF (+,+) HTF

Donald J. Trump Truth Social 08.06.25 11:44 AM EST RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT! BILLIONS OF DOLLARS, LARGELY FROM COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS, LAUGHING ALL THE WAY, WILL START FLOWING INTO THE USA. THE ONLY THING THAT CAN STOP AMERICA’S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!