Today’s Narrative - 📈Bullish📈

Macros

• Bitcoin hits $94,300 ATH, though only a select altcoins rode the wave while all the others are being sold off as traders take profits. The bull market is still alive.

• Nvidia earnings today could boost risk-on sentiment, lifting memecoins and AI-related tokens like $GOAT.

• Institutional adoption: IBIT Bitcoin Options ETF traded $1.9B in volume, and the Grayscale Bitcoin ETF launches today.

• Regulatory buzz: Trump might tap Teresa Goody Guillén as SEC Chair, potentially reshaping crypto policy.

• Michael Saylor’s influence: Helping Rumble’s CEO consider Bitcoin for their balance sheet.

Crpytos

• $BONK surged after its Upbit spot listing.

• $LUCE is gaining attention, currently up for a ByBit listing vote.

• ASTR upgraded to Evolution 1.5, improving its Ethereum interoperability and adoption potential.

• DYDX rolled out the “Unlimited” upgrade with new features like Instant Market Listings and MegaVault.

Our Stance

Bitcoin’s upward trend is still going strong, and we’re feeling optimistic. Yesterday, there was a quick dip that likely caught some late buyers off guard, but the recovery puts us in a solid spot. We’re keeping a close eye on $89K level—if Bitcoin stays above this level, it could mean more gains ahead.

After big price jumps, the market often takes a breather, either holding steady (“accumulating”) or showing signs of cooling off. Right now, we’re betting on the market building momentum (“accumulation”) because the overall vibe is still bullish. Bitcoin’s performance today will play a big role in how we approach smaller coins (altcoins).

We’ve set safety measures to protect our trades, but we’re ready to jump on opportunities as they come. It’s all about staying sharp and managing the risks.

Trades We’re Eyeing

• $GOAT is leading in the AI memes narrative, and its performance is tied closely to Nvidia earnings. The $1 psychological level is holding as a strong support level.

Subscribe to Don’t FRET
Get content like this straight into your inbox

📈Bullish📈

Michael Saylor’s Bitcoin Bet: Genius or Too Risky?

Michael Saylor, co-founder and executive chairman of MicroStrategy, has become one of Bitcoin’s loudest champions. Known for building a business analytics empire, Saylor is now best recognized as the man who steered MicroStrategy into owning 252,220 BTC—worth billions. But he didn’t just use company profits to buy Bitcoin. Instead, he raised funds through stock sales and convertible notes, doubling down on his bet that Bitcoin is the future.

How MicroStrategy Does It

• Stock Sales: MicroStrategy sells shares directly in the market to raise cash, kind of like selling small slices of the company pie.

• Convertible Notes: These are loans that investors can later swap for company stock if its price goes up. With low (or zero) interest rates, they’re a cheap way to borrow, but the debt still hangs over the company like a cloud.

The Big Risky Bet
Saylor takes that cash and buys Bitcoin, believing it’s a better store of value than dollars. The result? MicroStrategy’s stock now mirrors Bitcoin’s performance. When BTC goes up, it’s a win. When it drops, things get a little more... tense.

Here’s why this strategy is bold—and risky:

1. Bitcoin Volatility: Bitcoin’s price swings can be brutal. A sharp dip could wipe out billions in value overnight.

2. Debt Pressure: Borrowing to buy Bitcoin works—until the debt payments come due during a downturn.

3. Stockholder Concerns: Convertible notes can dilute shareholder value, which might not sit well with investors.

4. Regulatory Risks: Governments are still figuring out how to regulate crypto. If they crack down, it could hurt Bitcoin and MicroStrategy.

Why It Matters
Saylor’s strategy has turned MicroStrategy into a Bitcoin proxy for institutions that can’t buy BTC directly. It’s bold and, so far, successful. But tying a company’s future so tightly to one volatile asset is a high-stakes game. If Bitcoin thrives, Saylor’s move will look visionary. If it falters, the fallout could ripple across the industry.

The Takeaway
Michael Saylor isn’t dabbling—he’s betting everything on Bitcoin. It’s a move that could redefine how corporations approach crypto or serve as a cautionary tale. Either way, Saylor’s gamble keeps the spotlight on Bitcoin and raises big questions about how much risk is too much.

📈Bullish📈

Solana, Base, and Why Thanksgiving Might Be Your Moment

Solana and Base are stealing the spotlight in the crypto world right now. Solana, with its super-fast and low-cost transactions, has become a top choice for developers and users, claiming more than 38% of global blockchain activity. Base, backed by Coinbase, is also making waves as a Layer 2 solution built on Ethereum, pulling in 16.8% of traffic. Together, these ecosystems are shaping up to be the heavyweights of this cycle.

Here’s the deal: These platforms are booming, and positioning yourself within their ecosystems could open the door to some serious gains. But timing is everything, and Thanksgiving might offer an opportunity to jump in.

Historically, the crypto market often dips around Thanksgiving. Whether it’s traders cashing out for holiday spending or just a seasonal pattern, a short-term drop could happen. For savvy investors, this could be the perfect chance to buy in at lower prices.

To make the most of it, you’ll need a game plan. First, research the projects you want to invest in. Solana and Base have growing ecosystems, so pick a few you believe in. Next, prepare for action. If prices dip, hesitation won’t help—know your buy levels and stick to them. Finally, manage your risk. Crypto can be wild, so set clear limits on how much you’re willing to lose and when you’ll take profits.

Solana and Base aren’t dominating by accident. They’re leading the charge in this crypto cycle, and the opportunities within their ecosystems are growing. With Thanksgiving just around the corner, now’s the time to get ready. If the market dips, you’ll be positioned to make your move.

📈Bullish📈

Trump Eyes Crypto-Friendly SEC Pick

Donald Trump is reportedly considering Teresa Goody Guillén, a blockchain-savvy lawyer, to lead the SEC. A partner at BakerHostetler and co-leader of their Blockchain team, Guillén has a strong background in securities law and a pro-crypto stance.

Her appointment could signal a shift in the SEC’s tough approach to digital assets, potentially paving the way for clearer regulations and more support for the crypto industry. With the SEC under scrutiny for its handling of crypto, Guillén’s mix of blockchain expertise and regulatory experience might be exactly what’s needed.

📈Bullish📈

Bhutan’s Bold Bitcoin Move: 39% of GDP in Crypto

Bhutan, a small Himalayan country known for its focus on happiness over money, has made a surprising move into the world of cryptocurrency. Reports show that nearly 39% of the nation’s GDP, or $1.14 billion, is tied up in Bitcoin. That’s about 13,000 BTC, making Bhutan one of the biggest Bitcoin holders relative to its economy.

What’s even more impressive is how they’re doing it. Bhutan isn’t just buying Bitcoin—they’re mining it using the country’s massive hydroelectric power resources. This eco-friendly approach turns green energy into Bitcoin, showing how small countries can innovate with what they already have.

So, why does this matter?

First, Bhutan is showing other countries how to use Bitcoin as an economic tool. For a nation with a smaller economy, Bitcoin offers a way to diversify and potentially grow its financial standing.

Second, they’re addressing a big criticism of Bitcoin: its environmental impact. By using renewable energy for mining, Bhutan is proving that crypto doesn’t have to hurt the planet.

Of course, this isn’t without risks. If Bitcoin’s price tanks, it could hit Bhutan’s economy hard, given how much they’ve invested. But if BTC keeps climbing, Bhutan could turn this bold move into a massive win.

This is a big deal not just for Bhutan, but for the global crypto narrative. It’s another sign that Bitcoin isn’t just for individual investors anymore—entire countries are now making moves in the space.

📚Education📚

What Are Crypto Narratives, and Why Do They Change So Fast?

In crypto, “narratives” are the stories driving the market—trends that shape where the money flows. They’re not just about what a project does, but why it’s getting attention right now. Catch the right narrative, and you could ride a wave of gains.

What Are Today’s Narratives?
Right now, it’s all about memecoins and AI tokens.

• Memecoins: Hype-fueled tokens like Dogecoin and Bonk thrive on internet culture and community buzz. They’re speculative but can generate huge short-term returns.

• AI Tokens: Projects tied to artificial intelligence are surging, thanks to excitement around companies like Nvidia and the growing AI industry.

Why Do Narratives Change So Quickly?
Crypto never sleeps, and neither do its trends. Narratives change fast because:

• Traders chase the next big thing.

• Innovation brings new buzzworthy projects.

• Big price moves shift attention in a flash.

What’s hot today might be forgotten tomorrow, so staying ahead of the curve is key.

How to Keep Up with Narratives

1. Follow the News: Stay updated with trusted crypto platforms.

2. Watch Social Media: Trends often start on X (Twitter), Reddit, and Discord.

3. Track Volume: Money doesn’t lie. Look at where the trading action is.

4. Follow Key Players: Influencers and top traders often highlight emerging trends.

5. Subscribe to Us: Our newsletter and socials break down the latest narratives so you don’t miss the next big wave.

The Bottom Line
Crypto narratives are fast-moving and high-impact. Memecoins and AI are today’s stars, but tomorrow’s trend could be something entirely new. Staying informed and ready to act is how you win in this ever-changing space. Follow the right stories, and you’re one step closer to riding the next big wave.

Subscribe to Don’t FRET
Get content like this straight into your inbox