Last week on Crypto Twitter was a whirlwind of pumps and dumps, leaving short-term bulls reeling. Amidst the chaos, some threads stood out, offering valuable insights into the state of the crypto market. Javier Ang's deep dive into Japan's regulatory framework highlighted the country's strategic approach to crypto, contrasting sharply with the US. Meanwhile, Kevin Kelly's chart-based analysis of market cycles suggested another bull peak could be on the horizon by Q4 2025. As Bitcoin and the broader market took a nosedive, Elon Musk stirred the pot with controversial moves on Twitter, and the Shibarium launch faced significant hurdles. Stay tuned as we unpack the highs and lows of the past week.
Whose Threads Are a Must-Read?
The thread section pumped hard thanks to more excellent content. Javier Ang covered the state of crypto in Japan in this thread:
Unlike in the US, there’s a clear regulatory framework and a national strategy for crypto in Japan. Keep an eye on this one.
Read also: The State of Crypto in Asia
There is one topic that received particularly much attention from threadors last week: crypto market cycles.
Kevin Kelly took a chart-based look at market cycles in this thread:
He identified how predictably repeatable the market cycles in crypto have been. If history repeats, we can expect another bull peak in Q4 2025. Fingers crossed…
The DefiEdge wrote a massive explainer post on the four phases of a bull market here:
Good thing there’s DeFiIgnas doing the hard work for us with his TLDR of this mammoth post:
Read also: How To Survive the Crypto Market FUD Storm: A Guide to Managing Emotions While Trading
The bear market of last week’s market cycle came right before the weekend when Bitcoin and the rest of the market took a big ol’ fashioned dump.
Why did that happen?
That’s what Inmortalcrypto looked at here:
Read also: Why Is Bitcoin Down Today?
Elon Building X
Elon continues making enemies with his latest idea to remove the Block feature on Twitter. Even Community Notes did not back him up on this one:
If Elon continues like this, it soon might really be so over for him:
The quote tweets:
Oof meter in the red zone!
Talk of the Town
The talk of the town last week was Sam Bankman-Fried and the indictment that’s supposed to put him behind bars:
SBF got liquidated as hard as Bitcoin longs last week. Funny enough, the dump leveled the most liquidity since FTX collapsed:
There was some FUD around Elon dumping BTC via Space X as well (Elon is really trying to be the main character everywhere, isn’t he?). But that got community noted real quick:
But someone else was down even worse than BTC or Elon. We’re talking about the L2 to dominate all L2s, of course. Or is it the L1 to dominate all L1s?
Either way, the Shibarium launch did not go so well:
Are ya winning son?
Not if you longed SHIB. But yes if you longed various influencers on friend.tech. The app is still the shit on Crypto Twitter:
It’s also a testament to how the heel-face turn happens more quickly in crypto than in WWE:
A token that effortlessly turns from the face (good guys) to heel (bad guys) and back within days is RLB. Rollbit launched their latest product (the Degen Exchange) last week, but someone still keeps dumping:
Still face or already heel?
Rollbit probably has some main character energy left in the tank. Stay tuned.
Memes
The state of investors on friend.tech:
Next week we get a pump or a dump?
It won’t be boring either way. See you then!
The State of Crypto in Japan
Japan has always been a pioneer in the tech world, and its approach to cryptocurrency is no different. Unlike the US, Japan has established a clear regulatory framework and a national strategy for crypto. This has created a more stable environment for crypto businesses and investors. Javier Ang's thread on this topic is a must-read for anyone interested in the future of crypto in Asia.
Read also: The State of Crypto in Asia
Crypto Market Cycles: What to Expect
Kevin Kelly's chart-based analysis of crypto market cycles has garnered significant attention. He identified how predictably repeatable these cycles have been. If history is any guide, we can expect another bull peak in Q4 2025. This insight is crucial for long-term investors looking to time their entries and exits in the market.
Read also: How To Survive the Crypto Market FUD Storm: A Guide to Managing Emotions While Trading
The Four Phases of a Bull Market
The DefiEdge wrote an extensive explainer on the four phases of a bull market. DeFiIgnas provided a TLDR version, making it easier for everyone to grasp the key points. Understanding these phases can help investors make more informed decisions and avoid getting caught in the hype.
The Weekend Dump: What Happened?
The bear market of last week’s market cycle came right before the weekend when Bitcoin and the rest of the market took a significant dump. Inmortalcrypto delved into the reasons behind this sudden drop, providing valuable insights for traders and investors.
Read also: Why Is Bitcoin Down Today?
Elon Musk's Controversial Moves
Elon Musk continues to be a polarizing figure in the crypto world. His latest idea to remove the Block feature on Twitter has not been well-received. Even Community Notes did not back him up on this one. If Elon continues down this path, it might soon be over for him.
The quote tweets:
Oof meter in the red zone!
Sam Bankman-Fried's Indictment
The talk of the town last week was Sam Bankman-Fried and the indictment that’s supposed to put him behind bars. SBF got liquidated as hard as Bitcoin longs last week. The dump leveled the most liquidity since FTX collapsed, making it a significant event in the crypto world.
FUD Around Elon and Space X
There was some FUD around Elon dumping BTC via Space X as well. However, this was quickly debunked by the community. Despite this, the rumor had already caused some panic in the market.
Shibarium Launch: A Rocky Start
The Shibarium launch did not go as planned. Investors who longed SHIB were left disappointed. However, those who longed various influencers on friend.tech had a better week. The app continues to be a hot topic on Crypto Twitter.
Rollbit's New Product: The Degen Exchange
Rollbit launched their latest product, the Degen Exchange, last week. However, someone keeps dumping, causing some uncertainty around the token. Despite this, Rollbit still has some main character energy left in the tank.
Memes of the Week
The state of investors on friend.tech was a popular meme last week. Whether we get a pump or a dump next week, it won’t be boring either way. See you then!
Conclusion
Last week on Crypto Twitter was
