MHuy_HCCVenture

Following a correction from its all-time high (ATH), #Bitcoin's NUPL has fallen to around 0.2-0.3, a level that historically marks a transition from euphoria to accumulation.
Unlike bear markets where NUPL fell below 0, the current cycle is simply shedding excessive optimism while keeping the overall market in a state of unfulfilled gains.
Previous corrections in 2013, 2016, 2020, and early 2024 all served as foundations for subsequent expansion phases.
As long as NUPL remains above 0, long-term holders continue to dominate supply, while speculative positions are gradually being absorbed.
The

Mining Difficulty is still sending a positive signal for Bitcoin.
While the bitcoin:native price has corrected by more than 40% from its peak, the mining difficulty remains around 600–650 Z, only slightly lower than the all-time high (ATH). This suggests that the majority of miners are still operating instead of giving up as in previous cycles.
History shows that whenever the difficulty corrects only briefly and then quickly stabilizes, it's usually a sign that the hashrate continues to expand, long-term confidence in the network hasn't been broken, and mining businesses are still willing to

While the majority of the market is still correcting, the @avax ecosystem is showing remarkable contrasting strength.
Many projects within this ecosystem have seen simultaneous price increases, such as $YFI (+21.9%), $HFT (+12.9%), $FOLKS (+13%), etc., reflecting that capital is still shifting to specific projects rather than leaving the entire market.
This indicates that investors are no longer buying based on general trends, but are selectively choosing ecosystems and stories with stronger growth momentum.
#Avalanche is emerging as one of the ecosystems with the best relative strength at th

Remember, this was created for the community and for a shared goal.
We do not need KOLs to generate supply and demand.
We have "smart money" and the backing of reputable institutions.
We are not here merely to seek profit; we are here to trigger the biggest "Big Bang" event in the entire crypto market.
let's cook @world_xyz , @solana

Is $Bitcoin Really Just a High Beta Vote?
The last 12 months' data shows that Bitcoin's returns (represented by $IBIT) correlate most strongly with Beta (+0.72), higher than most traditional investment factors such as Value, Growth, or Quality.
However, what's more noteworthy is Excess Beta. When this indicator rises sharply, bitcoin:native is often not only following the market but also being driven by leverage, shorting, and speculative money flows, enabling it to outperform conventional risk assets.
Corrections for Bitcoin in a Sharp State:
• Normal: behaves like a high-beta risk asset.
• E

The market is pricing Bitcoin’s downside risk much lower than historical precedents would suggest.
Although Bitcoin has undergone multiple 50–80% corrections since 2020, the cost of protective options (the 25-delta put wing) is only about 5% higher than at-the-money implied volatility (ATM IV). In fact, for nearly 29% of 2024, the market priced in almost no premium for downside risk.
One contributing factor is the continuous selling of volatility—particularly from strategies linked to spot ETFs—which generates a supply of put options and keeps hedging costs low.
In contrast, the S&P 500 almost

Gm, relaxing time...

Stablecoins are issued on @ethereum , but users spend them elsewhere.
#Ethereum holds 53% of the global stablecoin supply, but only accounts for 12% of the volume of payments made via Crypto Cards.
In contrast, @trondao owns only 27% of the supply but processes 35% of the total payment volume.
This shows that the race is no longer about where stablecoins are issued, but about where users actually use them.
With its advantage in the user network in Asia and the Middle East (MENA), $USDT on Tron is gradually becoming a popular payment infrastructure for Crypto Cards.
#Ethereum remains the liqui

#Bitcoin has yet to experience a truly explosive growth cycle.
Compared to performance since the bottom of the cycle, the current cycle is the slowest-growing cycle in Bitcoin's history.
This also means:
- No parabolic surge like in previous cycles.
- No extended FOMO phase.
The current price is still below its all-time high (ATH) and is mostly a correction after the initial surge.
If the 4-year cycle is still in effect, this is most likely just a re-accumulation process to prepare for the next expansion phase, rather than the end of a bull market.
For the first time in history, $Bitcoin is en