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2024 is nearly over. Time to reflect on how we did. Just like last year, 2024 was mostly about doing nothing. I say almost; because 2024 also meant that our profit-taking strategy came into effect. I took my first profits in March, some more in April and May - and then resumed once #Bitcoin finally cleared 70k in November. I also started trimming my Solana position around that time, as it made a new all-time high as well. So far, those TPs have already covered my initial investment from back in 2022, multiple times over — which means the cycle is already a win and I'm just playing with house money from this point. Still, there is a lot of money on the table for me, and I intend to keep it. I will continue to take weekly profits, selling 2% of my Bitcoin and Solana holdings weekly. I remain patient with ETH, and will start taking profits on that as soon as it enters price discovery as well (expecting late Jan, early Feb). Selling 10% once it enters price discovery, and 2% weekly after. The plan remains the same: slowly scaling out. Cheers to 2025, let's make it count.

just because something is bottomed doesn't necessarily mean you're going to have higher upside. Although these charts actually look great and they're going to have some insane scam pumping (see $TKO , I still don't think coins like these are great buys. Opportunity cost matters

Since the Christmas Eve upswing, Toncoin [TON] has traded sideways. Therefore, since hitting a high of $6, TON has retraced to $5.6. TON’s lack of an upward momentum has left analysts talking. Inasmuch, CryptoQuant analyst Joao Wedson has cited the continued decline in interest for Swaps as one of the factors affecting the altcoin. Decline in Interest for Swaps In his analysis, Wedson observed that the number of swaps on the Toncoin network decentralized exchanges has experienced a sharp decline. According to him, the average daily users on STON.fi has declined to 13,300 and on DeDust to 5250. This is a massive drop from September levels, when the altcoin saw almost 200,000 daily users on two platforms. The decline in users has been affected by three main factors. First, the reduction in open positions, with many traders liquidating or reducing their exposure to decentralized exchanges. Secondly, the TON community has experienced uncertainty over the legal issues since the arrest of its founder months ago, thus impacting participation and trust in network-based platforms. Finally, the overall crypto market has experienced unfavorable conditions since the last FED rate cuts, with lower trading volumes and reduced risk appetite. With TON seeing a decline in swaps, investors are shifting in interest from decentralized trading towards staking. While this decline may seem challenging, it can also provide a strategic opportunity. Historically, periods of low interest and market inactivity have served as attractive entry points for investors. What it means for TON Notably, a sharp decline in interest for swaps reflected declining buying pressure as investors expressed uncertainty about the market direction, thus reducing their risk exposure. As such, Toncoin was seeing a sharp drop in demand amidst market uncertainty as investors take cautions positions. We can this decline in demand through TON’s stock-to-flow ratio. According to Santiment, the altcoin’s SFR has experienced a drop over the past three days to zero. When SFR drops like this, it signifies oversupply and reduced scarcity. With increased supply, the altcoin risks selling pressure causing downward pressure on prices. This oversupply is further evidenced by a spike in TON’s supply on exchanges. As such, the exchange flow balance has surged to 3459. This shows that investors are sending more assets to exchanges. Simply put, TON is currently reducing demand, and investors have turned overly cautious. This shows that investors lack confidence in the market, with most closing their positions while reducing their risks. Therefore, if these conditions persist, TON could drop to $5.2. However, if investors view the decline as a buying opportunity, the altcoin could break out of the consolidation range to $6.1.$TON

Lots of talk about the monthly candle looking bad. A #Bitcoin monthly candle closed like this three times before -- all around major bottoms. Not a bullish sign, but no reason to attach bearish conclusions either. In other words, expecting trend continuation in 2025.