Sam

i tend to be a perpetual optimist and i'm generally careful about tweeting bearish stuff but i do not think we're out of the woods yet $BTC proceeded to dump 21% a week after the Bybit hack in Feb 2025 (~23% two weeks after) the Binance hack is far bigger, both in scale and significance as much as i would like to believe it is over, historical precedents make me lean towards believing it is not this reminds me of 10/10, where everyone thought the bottom would be in ASAP after such a massive flush, only for us to go through one of the worst crypto winters the industry has experienced in a long time, both in scale and duration while i do think this incident creates THE local bottom before the real face-melting run we've all been waiting for (i think cycle lows were already in back in June!) it's hard to imagine things getting much worse, and i don't think this is going to be as bad as 10/10 but i also don't think this is going to play out in a day, as many would like you to believe right now the best move for now is to preserve capital IMO!

on another note, $USELESS has the largest 24h drawdown of any cryptocurrency listed on Binance futures or traded on Hyperliquid perps so again, while it tends to outperform everything else when $BTC is trending strongly, the reverse seems to be the case during periods of extreme market stress like this the silver lining is that this presents an opportunity: an entry for those who have been sidelined so far, and a swing/quick trade for those who enjoy that kind of trading my core spot bags remain intact, but i like this as a swing trade here the kind of volatility you see on $USELESS is a trader's dream!

it's fascinating how $USELESS & $PEPE started the year outperforming almost everything else and now the exact same pattern is repeating as we approach year-end except this time, $USELESS is up 163% from its yearly open while $PEPE is up just 14% USELESS has outperformed PEPE by more than 10x this year (and both memecoins have outperformed pretty much every other memecoin on a decent enough timeframe) in a market this volatile and unpredictable, identifying the assets that consistently bounce the hardest after corrections is EVERYTHING anyone can look like a genius during a broad market pump but when the market gets choppy, capital starts separating the assets the market truly wants from everything else the assets that get bid the hardest during every recovery are often the same ones that aggressively outperform when the market finally returns to a sustained uptrend and all year long, not a single memecoin — old or new — has consistently demonstrated stronger relative performance than $USELESS the market keeps showing you what it favors at some point, you have to pay attention $USELESS is THE memecoin of this cycle and i think the gap between those who recognize it now and those who realize it in hindsight is going to be enormous