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BTC Monthly Bottom Prediction, Uniswap v4 Delay, and US CPI Implications
Niklas Polk
main
Key Takeaways
2 min read
  • Test 1
  • Test 2

General Discussion

Trading

LINA trading

  • Members discussed missed short opportunities and potential future short positions
  • They mentioned watching open interest, liquidations, and Binance perp volume as key indicators

BTC analysis

  • A member predicted 25.3k as the monthly bottom if bulls can hold it
  • They mentioned a high probability outcome based on D3 and W1 price action

Market sentiment and external factors

Trading resources

CRV trading

  • Members discussed long and short positions on CRV, mentioning factors like the FUD surrounding it, liquidation narratives, and potential support from the Curve founder
  • They shared an article about the Curve founder returning 1.3 million USDT to Aave

Potential relief rally

  • Members debated the likelihood of a relief rally, considering factors like the current market mood, oversold RSI levels, and comparisons to other asset classes

War Room

Uniswap v4 Discussion

  • Members discussed the potential features of Uniswap v4, including Order Flow Auctions (OFAs) and functionality similar to COW source
  • Uniswap v4 was hinted to launch over the weekend, but seems to be running late source
  • Members shared observations about possible v4 features and fresh wallets scooping up $UNI in the past week source

US CPI and Fed

  • US CPI came in at +4% YoY (Est. +4.1%) and US Core CPI at +5.3% YoY (Est. +5.3%) source
  • Members discussed the implications of the Fed's decision to keep rates on hold at 5.25% until mid-2024 source

EigenLayer Mainnet Launch

  • EigenLayer Stage 1 Mainnet has launched source

USDT Exposure

  • Members discussed the increasing USDT percentage in Curve's 3Pool and potential liquidation risks on Aave source

Binance and USDT

  • Members shared concerns about Binance's potential involvement in artificially propping up BNB price and the recent increase in USDT minting source

Prometheum Conspiracy

  • Members discussed the strange storyline surrounding Prometheum and its ties to the 2017 Long Island Blockchain iced tea company source
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Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.