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0/9 Ethereum's Liquidity Crisis means its pricing relative to bitcoin will result in new highs.
The catalyst is Ethereum's narrative.
Upon the London upgrade, EIP-1559 will change ETH's monetary policy and with it, the narrative will take form. Here's what I mean..
The catalyst is Ethereum's narrative.
Upon the London upgrade, EIP-1559 will change ETH's monetary policy and with it, the narrative will take form. Here's what I mean..
1/9 - Bitcoin saw its gold 2.0 narrative take hold as it broke its all-time high.
Ethereum on the other hand lacked a single narrative that everybody could get behind.
Ethereum on the other hand lacked a single narrative that everybody could get behind.
2/9 Ethereum's London upgrade that's scheduled to happen in July will allow for a new narrative to take hold that's similar to bitcoin's. That's because EIP-1559 means ETH can become deflationary.
3/9 At a time when scarce assets are experiencing a premium relative to all other things, this puts ETH into an interesting category of being an asset to buy and hold.
Here's where it gets interesting...
Here's where it gets interesting...
4/9 Most ETH/BTC chart watchers think 0.1 is the checkered flag. I disagree... It's much higher.
Here's why...
ETH is not as liquid as bitcoin.
4.5m on ETH2
10.1m in DeFi protocols
3.2m in Grayscale
That's 15.5% of supply
ETH on ETH2:
Here's why...
ETH is not as liquid as bitcoin.
4.5m on ETH2
10.1m in DeFi protocols
3.2m in Grayscale
That's 15.5% of supply
ETH on ETH2:
5/9 7 million ETH have left exchanges since the middle of 2020. This is over 27% less ETH than a year ago.
h/t: @cryptoquant_com and @ki_young_ju
h/t: @cryptoquant_com and @ki_young_ju
6/9 Just for some perspective, 15.5% of BTC supply is about 2.9 million BTC. That's a massive figure. And with so much ETH less liquid than the last bull cycle, we have a unique situation unfolding.
7/9 A rising singular narrative that larger buyers can wrap their hands and minds around, mixed with less liquid supply than ever before... This is like selling lumber in a housing boom.
Prices can go higher than anybody expects. They overshoot every analyst's price targets.
Prices can go higher than anybody expects. They overshoot every analyst's price targets.
8/9 Which is why I'm leaning towards ETH/BTC rising above its previous weekly closing high of 0.15.
If you see a clear narrative take form in the mainstream media, that's your signal.
If you see a clear narrative take form in the mainstream media, that's your signal.
9/9 Any dip - while likely steeper than BTC - is sure to be eaten up harder and faster than any other coin moving forward.
If this interested you, be sure to learn more here: https://jarvislabs.substack.com/p/be-ready
If this interested you, be sure to learn more here: https://jarvislabs.substack.com/p/be-ready
