Realized profit by age of the wallet holding Bitcoin has been going up since Bitcoin crossed 100,000$ USD.
The amount of profit-taking has recently surpassed what we saw in March of 2024, which led to a period of consolidation that extended over 7 months.
This might be a sign that the markets might be cooling off going into 2025.
I think we have not yet reached a macro top, according to an in-depth analysis I made a few months ago, the top of this cycle will be near 118,000$ USD.
Also, we're yet to see the alt-season completely unfold in 2025. This will start to become obvious once Bitcoin Dominance ($BTC .D) drops under 50%.
Be careful with short term downside volatility, and make sure to accumulate some alts for the alt-season coming in next year (2025). - NFA.
Good luck.
PS: Follow me @Ivan Prats for more insightful posts and technical analysis.
DeSCI is a movement that seeks to transform the way science is conducted, shared, and funded by leveraging blockchain technology.
In the traditional model, research—such as developing new medications—depends on large institutions and centralized funding sources with their own agendas.
They aim for PROFITS by treating symptoms, not curing people.
With DeSCI, scientists can directly fund their projects by connecting with the community without intermediaries.
This fosters innovation and builds trust in results by removing intermediaries and ensuring everything is verifiable on the blockchain.
This approach will allow for new ways to research real-world problems such as cancer, diabetes, global warming, pollution, and many others without the need for governments or multinational corporations to censor what benefits them.
2/ What is L2LSD? (Layer 2 Liquid Staking Derivatives)
This narrative combines two key concepts:
- Layer 2 (L2), which makes transactions faster and cheaper,
- And LSDs, which are tokens that represent cryptos in staking but can still be used while continuing to generate rewards.
For example, you can obtain your stETH (Staked Ethereum; an LSD) on a platform like #Lido and move it to a Layer 2 like #Arbitrum to take advantage of its low fees and speed, and reinvest that stETH.
With this method, you can use your stETH to:
1. Restake and provide liquidity on Uniswap. 2. Collateralize loans on Aave 3. Trade futures on GMX 4. Reinvest to maximize earnings on platforms like BeefyFinance.
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