So we listened in on @MarioNawfal space about SatoshiVM. The most interesting part was the technical side of things with @EdanYago cross questioning @satoshivm about building a ZK Rollup Layer 2 on Bitcoin.
Apparently, ZK Rollups on Bitcoin, CANNOT BE DONE. @EdanYago called @satoshivm a Fraud project.
I decided to look into this and ask a friend about it (also a builder in the Bitcoin defi space), he confirmed what @EdanYago said.
Bottom line, the @satoshivm launch is proof that with perfect marketing and hype, even facts don’t matter.
2 Scenarios Before #BitcoinETF💰💰💰 Approval and How to Respond
🔸Good News Scenario 🔸Not So Good News Scenario
🔸---Good News Scenario---🔸
If #Bitcoin goes up to $48.5k, it might mean things are getting too hot. That's where 1D to 1W holders hit 8%, suggesting a possible correction. $48.5k is the average for long-term holders who are currently not winning.
🔸--Not So Good News Scenario--🔸
When Bitcoin goes up, it often comes down 20-30%. Brace for a correction. If it drops, watch out for $34k and $30k as support levels. Check the chart for more clues.
🔸---Final Thoughts---🔸
The Bitcoin ETF approval is a big unknown. Things could get risky. Keep an eye out and be careful with your crypto moves.
Cliff Unlocks: of Cir. Supply $PRIME 3.46% on 30 $OP 3% on 30 $ACA 3.3% on 1 $IMX 1.5% on 4 $GAL 16.3% on 5 ⚠️ $HFT 74% on 7 ⚠️ $ENS 3.6% on 8 $APT 10% on 12 $APE 4.2% on 17 $ROSE 3.9% on 18 $DYDX 3.2% on 21 $ID 6.46% on 22 $C98 3.13% on 23 $AVAX 2.7% on 24 $Looks 6.96% on 27 $YGG 6.8% on 27 $EDU 4.77% on 28
Linear Unlocks: infinityhedge $WLD 86% of Cir. Supply ⚠️ $SUI 7.6% $STG 7% $BLUR 8% $AXL 5.49%