$VVV burns are increasing about ~1% a day
$9,000 daily $VVV burn on July 17th
$24,150 daily $VVV burn on October 25th
At this rate, January will start with $45,000 of daily $VVV burns, and end with $62,000 daily $VVV burn
Lower that assumption by 33%, and you get $300,000 daily $VVV burn in December 2027
Creator fees are the worst feature ever for traders
But my best guess is they are afraid to pull the trigger on it, because it might drive away deployers
So traders are getting drained by bundles and fees
circus
Flood reveals his current market positioning and explains why being bearish doesn't mean betting on an immediate crash
“While we may be bearish, we're not forecasting some sort of seismic crash. I would be very surprised if markets traded like 10% down next week. I think that's exceptionally unlikely.”
“Our thesis is on quite a bit of a longer time scale, and we're not super massively aggressively short. In fact, we have probably low double-digit percentage shorts on and we just have quite a bit of cash, which is very, very fresh for us.”
The market is in this stage where there isn't any evidence yet that billion dollar coins are still a thing, but the signs are there
We have a few coins now that are holding ~200m mc, and a few which bottomed at 40-50m, those used to be targets we could only touch not long ago
People be buying 10% dips on alts and act as if they are buying a -95% pullback after the dev hopped on a plane and said thanks for playing
Looks like some of the last cycles characters crawled out of their caves to give dumb fucking takes when the prices are down
Go figure















