TheBreadmake

buybacks are starving DeFi innovation
Aave spent $45M buying back $AAVE
Today it’s worth ~$25M
Now Labs is asking the DAO for $51M to build six new products: Aave app, card, pro, kit, etp, and Horizon
every dollar used to support price is a dollar not compounding into innovation

Bitcoin just flashed a signal that has only appeared near generational bottoms
Short term Sharpe Ratio: deeply negative
Current reading: matching 2015, 2019, and late 2022
every prior time this zone printed, it marked the end of maximum pessimism
extreme pain has historically been extreme opportunity

Eric Trump and Michael Saylor just said the same thing at the same time:
they’ve never been this bullish on Bitcoin

something is clearly brewing on $PUNCH
9K holders → 15K holders in day
$32M volume in 24h
$36M market cap
Top 100 control 55%
$50M isn’t a stretch if momentum holds

several assets just pump hard… and dump it all back
this tokens pumped 20–60% in 24h
and are now trading even lower than before
$UNI
> Pumped on BlackRock investment news
$ZRO
> Pumped on its own blockchain announcement
$BERA
> Price pumped and Ol flew right before unlocks
$H
> Same situation as Berachain, with the pattern repeating every month
what is this pattern called?

gm ct
we're fine as long as the music is playing
сan you hear it?

“bitcoin going to zero” is trending again
search interest is now higher than during 2022’s collapse

2025 was the year Bitcoin quietly changed hands
Businesses, funds, and governments added massive size
Individuals reduced exposure
from weak hands to balance sheets

you think your $BTC entry matters? look at pic
public companies bought across the entire range
there is no “perfect entry”

$OP just printed a new all time low
Base was the top revenue driver across OP Stack L2s.
now it’s reportedly moving toward its own unified stack
add a 32.2M OP unlock on Feb 28
pressure doesn’t end at the chart

gm ct
it's happening
have a great day

BTC is on track for its 5th straight red month
the longest red streak was 6 months (Aug 2018-Jan 2019)
meanwhile:
• national reserves are forming
• whales are accumulating aggressively
• corporate balance sheets hold size
this isn’t 2018
so what kind of setup is this?

more than $6 billion in tokens will be unlocked in March
this is 3x higher than the typical monthly average of around $2B
investors and the team sell in any market

$whitewhale is setting up quietly
▪️$68M market cap
▪️$2.5M daily volume
▪️$1.23M liquidity
meanwhile, Top 100 wallets control 85.5% and they’ve been adding
not every setup is loud some are engineered in silence

billions in unrealized losses… and not selling
Bitmine
holding: 4.37M ETH worth of $8.81B
avg price: $3789
profit: -$4.22B
Startegy
holding: 717.1K BTC worth of $48.81B
avg price: $76K
profit: -$14.74B
this is what long-duration conviction looks like in public markets
the question isn’t whether they’re red today
It’s who’s right in 5 years