According to the ever-optimistic Tom Lee, ETH might just rocket to $10K-$12K by year’s end, turning paupers into princes-though the options traders, those gloomy wizards of the derivatives tower, seem to be betting on a more… realistic potion of pessimism. 🧙♂️
Despite this dramatic interlude, Bitcoin’s market-value-to-realized-value (MVRV) ratio-a metric so arcane it could only have been devised by a mind steeped in the mysteries of high finance-continues to suggest a “mid-cycle expansion.” Translated from the jargon, this means the market is neither in the throes of euphoria nor the depths of despair. How utterly tedious.
Once a titan with its market-to-Bitcoin NAV (mNAV) strutting above the big 1, it’s now reduced to the droll 0.99, stumbling into uncharted waters-imagine sailing the high seas only to find you’ve hit a shallow patch. According to the wise men with charts (and official data, no less), this was first recorded on an unremarkable Tuesday-something to toast with a cup of tea, or perhaps something more spirited. ☕🥃
But let us not be blinded by the glittering statistics. For Nebius is more than just a player in the cloud game. The company’s vast portfolio of AI-based ventures-each a moving cog in an intricate machinery-includes Avride, its autonomous vehicle division. Yet, it is the 28% stake in a smaller but equally ambitious company, ClickHouse, that offers a hint of the company’s future. ClickHouse, an AI startup readying itself for the public offering of a lifetime, is a venture that may yet shape the destiny of Nebius and its shareholders alike.
Here are 4 altcoins analysts believe are poised to break through in the coming week: USELESS, Mantle, Ethereum, and Bitcoin Hyper. Hold onto your wallets, folks. It’s going to be a wild ride! 💥
Imagine, if you will, a team of six wise fools-pardon, academics-who, with but a modest satellite dish upon a rooftop in San Diego, spied upon 39 satellites and found a treasure trove of unencrypted gossip! 📡 Cellular keys, SMS messages, and even military secrets-all laid bare like a poorly penned farce! 🤡
Futures longs dominate with +1.5M contracts-because who needs sleep when you can bet on a coin? But the $2.8 Parabolic SAR resistance is like a “Don’t Try This at Home” sign. ⚠️
A report from CryptoQuant, those diligent chroniclers of this strange new world, speaks of a “market reset.” A reset! As if one can simply *reset* the human heart after it has been shattered by financial ruin. They claim this event is amongst the most severe recorded. But seriously, aren’t they *always* saying that? By $12 billion, open interest collapsed – from $47 to $35 billion, they inform us. How terribly symbolic! A great emptying, a purging of excess… as if the market, itself, is undergoing a spiritual crisis. 🙄
Public entry occurred via SPAC merger in 2022, but traction materialized in late 2024 following Alphabet’s Willow quantum chip announcement. This technological event daisy-chained investor imagination, spurring purchases across quantum infrastructure segments. Q2 revenue grew 42% YoY to $3.1 million, with institutional and enterprise clients signing on. However, revenue growth alone does not equate to operational vitality.
And what Laffont has seen lately has been the slow, quiet shift in the landscape of technology. One of his latest moves has been the steady retreat from Advanced Micro Devices, the semiconductor maker that once captured his fund’s attention with the heady promise of AI-driven growth. AMD, long an underdog in the GPU race, had caught the wave of excitement that surged with the rise of generative AI. Laffont’s position in the company grew to become one of Coatue’s largest in 2023, but now, as quickly as the excitement rose, it has begun to fall away. He’s cut his holdings by 89%, a move that feels as much like caution as it does the winds of change. In the world of high finance, such drastic shifts often signal a deeper, more careful recalibration, a sort of steely-eyed judgment that no longer sees the path forward quite so clearly.
