While an increasing number of crypto traders and analysts have turned bearish amidst the market phase, Raoul Pal seems unfazed. He also discussed how meme coins are acting and revealed if his Solana (SOL) bags are in the red.
Raoul Pal: 'Absolutely Nothing Happening' During Crypto Crash
It is just 5% lower in the last 24-hour on a net crypto capitalization... NOTHING IS ACTUALLY GOING DOWN, Raoul Pal tells his one million followers over X.
Therefore, the seasoned macro guy sees what Bitcoin (BTC) and large altcoins are going through right now as it is just a typical day in trenches.
Pal also noted the impressive return of Church of the Smoking Chicken Fish (SCF), a quirky new meme coin built on Solana.
However, that market pessimism is just "noise," he said. BitMEX founder Arthur Hayes repeated Pal's sentiments. Despite, as U.Today reported earlier, Hayes labeling these days a "shopping period."
During the rally on Thursday, volatility returned to exchange spaces for two reasons -- the U.S. and Japan macro states are transferring from bearish into severe cycles," - noted Binary Laurent (Arthur Hayes) founder of BitMEX in his blog.
The End of Bitcoin(Cycle)?
In response to a question about his satisfaction with the performance of his Solana (SOL) holdings, the Real Vision CEO also acknowledged buying into it at $30. Therefore he must be making 400% returns even when Solana (SOL) slipped more than 20% in only five days.
Yet, as reported by U.Today earlier some members of Crypto Twitter do not sound so optimistic about the Hash and Hayes bet. Henrik Zeberg, a trader went so far as to say we could be two months away from the biggest collapse since 1929.
He pushed back the major macro top to this October is all. Some of the big guns also continue to tout that Bitcoin (BTC) will make no new highs for at least four years from here.
Originally published by Shayan raza
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