June 30: BTC hits its cycle low. July 1: Robinhood Chain launches + sees immediate activity & speculation. PONS nearly $1m in revenue by 7/15. Onchain peaks in early September, followed by a 60-80% drop in fundamentals and prices. September: Onchain assets hand the baton to quality alts, which re-rate aggressively (with others discovered for the first time off the lows). 96% of the top 50 coins outperform BTC. Now. Over the last 30 days or so, BTC and the majors are up roughly 6-12%. Holding strong. In a range. Technical "early bull" confirmation is in. Meanwhile, the bears focus on macro (while ignoring the fact that the entire space underwent a market structure & leverage reset over the last year). BTC leads the next move in my opinion. ---- I'm sharing a full update on the current conditions with Pro Members tomorrow. If you'd like to have the report hit your inbox when it's published + access our portfolio (and receive alerts when we make changes), you can sign up below and get one month free 👇