0xCrema

I hold a lot of ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. People overcomplicate markets, imo. Bid vs. ask determines price action. But the type of buy is far more important. Buy * holding period is a much better measure of future price action as the buyers effectively temporarily remove supply from tradable float (see hyperliquid:native for why this has been so effective; ) The same effect is quite applicable to ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 as well. Of the current 8,483 stakers, 6,668 wallets, 78.6% have never executed a single unstake. They hold 55.9% of all staked ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. ~120M is currently staked, 15.2M has been bought back by the treasury, more than half of the total circulating ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 has been temporarily removed from supply. Secondly, binning every staker by first stake date, the January cohort alone holds 56.4% of all staked ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2, about 69.4M LIT across 5,278 wallets. Including February, the first two months account for around 76% of all staked supply. The recent staking data reflects the current price action. In the latest window, 870 wallets first staked, holding around 10.4M LIT, or 8.5% of the pool. The new wallets (ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 price action very good!) though may be more noise than signal. More notably, another 1,109 older wallets, wallets that first staked earlier, were active in the same window and also staked more ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. With many of the same catalysts as hyperliquid:native but not on the same relative value parity as their respective fundamental ratios, $HOOD and its World is Flat event next week, @vnovakovski in Europe for it, perps coming soon to Europe, I like ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2. Disclosure: NFA && I hold a lot of ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 and hyperliquid:native. *Note: hedging via perps is possible.