Was That the Bottom?
As you know, Bitcoin is King, and the market follows. That’s why I mostly focus on BTC in these market reports.
Bitcoin hit that $74K zone we talked about, bounced off it like a champ, and has been holding strong ever since. That key support (aka the “golden line”) is doing its job—big time.
I told you what was coming: A healthy dip to $70–74K, then bounce back.
So now the question is—was that the bottom, or is there still more pain waiting?
Here’s Where We’re At Now:
Bitcoin is sitting right on the trendline that’s held up since early 2023. If we stay above it, good times might keep rolling. If we fall below it on a weekly close, the bulls might be in trouble.
CPI + Liquidity = Watch Closely
Today’s CPI report could be key. If it comes in softer than expected, markets could move fast. Liquidity is creeping back—M2 is rising. Funny thing is, a few weeks ago, everyone was hyping up M2. I said, “Hey, this stuff takes time.” Now that the effects are about to hit, everyone’s gone quiet and bearish again. Classic.
Bonus Wildcard:
If there’s a surprise breakthrough in U.S.–China trade talks? Markets will go nuts. Tariffs roll back, tensions cool, and risk assets (like Bitcoin) go vertical. Way bigger than yesterday’s bounce.
What’s happening in the trenches?
Trenches are seeing multiple runners daily,
As Alon, the Co-Founder of Pump.Fun said: “Tons of activity in the trenches despite broad market turmoil. This ecosystem is here to stay”.
Just take a look at memecoin recap from yesteraday:
AI Meta
$fartcoin -> hit $782.6m, slowly recovering
$alch -> hit $74.7m, slowly recovering from its low 11m
#cyptoai -> hit $12.8m, $200k in LP rewards
$aislop -> hit $3.4m
$agawa -> hit $2.6m
Tariffs
$lhc -> hit $2.5m – white house posted “let him cook”
$pwause -> hit $963.7k
$deal -> hit $567.4k
$90days -> hit $474.8k – @realDonaldTrump said he’ll pause tariffs for 90 days to those who reached out to negotiate
$pause -> hit $226.8k
More Runners
$rfc -> hit $81.7m
$vine -> hit $39.6m
$jockey -> hit $8.3m – minecraft movie meme
$chadette -> hit $5.8m
$42069coin -> hit $2.5m
$lebarbie -> hit $1.9m – lebron announced as new ken doll ambassador
$brainrot -> hit $891k
$xeno -> hit $696.9k
$gooner -> hit $478.4k, now at 1M
This shows you, that there is always money to be made in the trenches.
