NiftyNoon: Read This if You Are Bearish - A Needed Perspective on Recent Crypto Price Action 🟠🪙📈
Recent price action has driven significant negative sentiment across crypto markets (February 28, 2025)
Nifty Thought:
Recent price action has driven significant negative sentiment across crypto markets. While Bitcoin has experienced an undeniably significant retrace from its previous all time high, the price is still very high on a relative basis. With a year over year performance of +28%, Bitcoin remains one of the best performing assets with a market cap of this size. With this context in mind, it is important to recognize that the volatility Bitcoin has experienced is within the norm for the asset. Those that believe the bull run is over should not expect a bottom of anywhere close to $80K. History has shown us that the depths of Bitcoin dips know no bounds. Similarly, those that believe the bull run will continue should not obsess over volatility that is historically within range for the asset. Bitcoin has drawn down 30% off local highs many times in the past and it will certainly continue to do so into the future as well. People that find this volatility distressing may be better off avoiding crypto and investing in more traditional assets.
Highlighted News:
🔄 @BobLoukas shares ‘Nothing We Have Not Seen Before’ Bitcoin video:
https://x.com/bobloukas/status/1894823220789821786?s=46
📉 $25.21M BTC Long Liquidated:
https://x.com/degeneratenews/status/1895287261077610862?s=46
📸 Flashblocks making Base faster live on testnet now:
https://x.com/buildonbase/status/1895223243713458184?s=46
🦊 MetaMask presents UI/UX overhauling:
https://x.com/metamask/status/1895292999615369660?s=46
Project and Community News:
The SEC has released guidance that meme coins are not securities and are akin to collectibles: https://x.com/exec_sum/status/189524909614925846Gird4G6YXRsFnxA
US House Democrats to introduce Meme Act to prohibit the President, Vice President, members of Congress, Senior Executive Branch Officials and their spouses and dependent children from issuing, sponsoring or endorsing a security, future, commodity or digital asset: https://x.com/degeneratenews/status/1895104061818519724?s=61
Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed: https://x.com/ethereumjoseph/status/1895156943972639243?s=61
$215 million liquidated from the cryptocurrency market in the past 60 minutes: https://x.com/watcherguru/status/1895292389486665767?s=46
$25.21M BTC Long Liquidated: https://x.com/degeneratenews/status/1895287261077610862?s=46
Crypto Trading Platform BITMEX looking for a buyer: https://x.com/treenewsfeed/status/1895177909901402118
The Bybit hacker is laundering funds via THORChain: https://x.com/lookonchain/status/1895299252500525223?s=46
@VitalikButerin shares his thoughts on the Poseidon cryptanalysis program: https://x.com/vitalikbuterin/status/1894681713613164888?s=46
So what did @AyaMiyagotchi do as Executive Director of EF? https://x.com/jbschweitzer/status/1894424969934684310?s=46
Suspicious transactions linked to @suji_yan, founder of @realMaskNetwork: https://x.com/suji_yan/status/1895103068808642811?s=46
Introducing The $MINT Ecosystem & Token Economics: https://x.com/mintify_fnd/status/1895110703049998671
Metacade has been selected as a partner of @base & @coinbase to launch their new L3 Appchain: https://x.com/metacade_/status/1895233936260731150?s=46
Enter The Garden - Fractured Reflections: https://x.com/azuki/status/1895298320916160921?s=46
@onchainheroes has less than 1% listed and is outperforming the entire market: https://x.com/brianjhhong/status/1895022603166982532
Turn your crypto into cash with Uniswap wallet: https://x.com/uniswap/status/1895123116239503692?s=61
pumpfun is trending to zero at a crazy speed with graduating token numbers imploding: https://x.com/n01man/status/1894697506300190767?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 1,191 ETH (▼ 25.15%)
🌊 OpenSea ETH Daily Volume: 965 ETH (▲ 35.01%)
🟠 BTC : $80,084.79 (▼ 7.69%)
🔷 ETH: $2,121.56 (▼ 10.48%)
🟣 Solana: $130.91 (▼ 7.72%)
🟪 Polygon: $0.26 (▼ 9.28%)
Top NFT Sales:
CryptoPunks #8335: 36.14 ETH
CryptoPunks #3512: 32.00 ETH
YOU THE REAL MVP #82: 22.00 ETH
NFT Daily Winners:
👾 Tensorians: 4.59 SOL (▲ 2.68%)
⛩ Azuki: 2.77 ETH (▲ 1.95%)
😡 Mad Lads: 50.98 SOL (▲ 0.05%)
🚬 CryptoPunks: 34.09 ETH (► 0.00%)
🏳🌈 Chromie Squiggles: 4.09 ETH (► 0.00%)
NFT Daily Losers:
🐧 Pudgy Penguins: 9.14 ETH (▼ 0.35%)
🍭 Mocaverse: 2.05 ETH (▼ 1.96%)
👩🏻 Milady Maker: 3.65 ETH (▼ 2.79%)
🏴☠ Captainz: 0.97 ETH (▼ 2.90%)
🦧 Bored Ape Yacht Club: 12.60 ETH (▼ 3.78%)
🐵 NodeMonkes: 0.05 BTC (▼ 4.09%)
🐱 Quantum Cats: 0.18 BTC (▼ 5.13%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 7.18%)
💼 Ordinal Maxi Biz: 0.03 BTC (▼ 9.03%)
Notes:
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