LUNAUSDT
LUNA / Tether USD
crypto Composite

working on our *5th* red month in a row
as I said back in November, we are speed-running the bear market
weekly RSI is at levels last seen in the wake of the LUNA collapse in early Summer 2022

ETH investors still don't understand ETH is a leveraged casino coin
> *ETH is a casino coin whose value is a mirage derived from stacking on-chain leverage in places like Aave, Maker, etc where ETH is the dominant collateral asset for gambling for ETH and various shitcoin tokens people think are DeFi.* **When the shit hits the fan, you have cascading ETH liquidations to reveal the ugly shitcoinery lying underneath. (Feb. 2025)**
https://np.reddit.com/r/CryptoCurrency/comments/1igeysk/the_eth_to_btc_ratio_just_flash_crashed_to_02337/mapylwj/
> **I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. (Feb. 2025)**
> One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted.
> BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much.
> Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI.
> BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money
> It was a perfect storm.
https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/?context=3

working on our *5th* red month in a row
as I said back in November, we are speed-running the bear market
weekly RSI is at levels last seen in the wake of the LUNA collapse in early Summer 2022

ETH investors still don't understand ETH is a leveraged casino coin
> *ETH is a casino coin whose value is a mirage derived from stacking on-chain leverage in places like Aave, Maker, etc where ETH is the dominant collateral asset for gambling for ETH and various shitcoin tokens people think are DeFi.* **When the shit hits the fan, you have cascading ETH liquidations to reveal the ugly shitcoinery lying underneath. (Feb. 2025)**
https://np.reddit.com/r/CryptoCurrency/comments/1igeysk/the_eth_to_btc_ratio_just_flash_crashed_to_02337/mapylwj/
> **I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. (Feb. 2025)**
> One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted.
> BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much.
> Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI.
> BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money
> It was a perfect storm.
https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/?context=3