BTCUSDT As the Grayscale Sui Trust opened up to accredited investors, SUI’s daily trading volume surged past $800 million. On-chain activity has also shown strength, with TVL reaching $1.15 billion — a 377% increase year-to-date and a 47% rise month-to-date. The DeFi protocols driving this growth include: Navi Protocol (TVL: 439M, MTD growth: 54.67%) Scallop (TVL: 233M, MTD growth: 30.69%) SuiLend (TVL: 198M, MTD growth: 89.27%)
I’ll keep it simples, feel free to add to the discussion with facts, not feelings please, it doesn’t help pay the bills.
Gold has been flying since March up 30% and BTC down -15% to current prices. Even though Gold lags M2 money supply it’s doing pretty well, in other words gold is undervalued…stocks have done better than BTC too.
Global M2 money supply has reached an ATH, but yet BTC price is subdued?
Risk off my friends…Feds still running off the balance sheet..why would Feds don’t care about BTC. They only care if stocks are doing fine. Until when it’s not…stocks will correct…high IQ traders took profits quicker in riskier assets….Liquidity is there, you just have to look deeper in price.