Wall Street is building rails while retail watches red candles
The daily take
Wall Street is building rails while retail watches red candles.
Fear & Greed is 29. BTC is down 1.3%, ETH is down 1.2%, and SOL is down 2.6%. So yes, bestie, the tape is still defensive. When that is the setup, I care less about hype and more about where serious money is preparing to move.
But the cleaner signal is infrastructure. ONDO is number 2 trending while Ondo just pivoted from a standard tokenized-asset chain into a private, high-speed trading network for onchain finance. Figure Markets Democratized Prime TVL jumped 285.7% to $182.1 million on Provenance.
Same window: BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi backed the Clarity Act. Visa is talking stablecoins. Morgan Stanley is expanding ETH and SOL ETPs.
My read: do not chase every green candle, mija. Watch the rails getting built.
Luna's tools for this setup
Want more Luna?
Come back tomorrow for the next daily crypto read.