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Why am I bullish on $RAY right now? 👇

The Community Allocation holds 70% of the total supply, but only 8.6% has been unlocked so far. Around 74% of the total supply is still scheduled to unlock gradually over the coming years. Over the last 30 days, 1.4 million $RAY has been bought back, equivalent to nearly 1% of the circulating supply.

In total, the team has bought back approximately 89 million $RAY, representing 61.7% of all tokens that have entered circulation.

The Founder/Team allocation is almost fully vested (90.9% unlocked), while the Community Allocation is still in its very early stages (8.6% unlocked).

The key takeaway:

There is significant long-term unlock pressure from the Community Allocation. However, so far, a large portion of that pressure has been offset by Raydium’s aggressive buyback program.

In simple terms: Short-term, I’m very bullish on $RAY.

Bullish Sentiment for $MORPHO

@Morpho ($MORPHO) has seen its Total Value Locked (TVL) grow by +313% over the past year.

According to @DefiLlama, Morpho’s TVL has now reached $7.0B, more than 3x higher than it was a year ago.

What’s even more impressive:

• $MORPHO is now the 3rd largest DeFi protocol by TVL.

• It’s also closing the gap with @aave ($AAVE), the world’s largest lending protocol.

Steady TVL growth signals that more capital continues to flow into the Morpho ecosystem, making it one of the most promising DeFi projects to watch this cycle.

Altcoin Gem: $MORPHO

Thought this was worth producing:

BREAKIN: Bullish for $ENA !!

@ethena’s USDe has officially been added to @LidoFinance EarnUSD.

USDe is now part of a curated vault offering USD-based yield strategies, expanding its utility and strengthening its integration across the DeFi ecosystem.

Another strong adoption milestone for Ethena.

IMPORTANT: First fuel shortages reported in the US

Full link: https://halturnerradioshow.com/index.php/component/content/article/first-report-gasoline-shortage-hits-50-000-sq-ft-buc-ees-travel-center-in-melissa-tx?catid=20&Itemid=101

SOXX/NDQ breakdown

I still see a lot of cope from people that think this is still going to make new highs. But when we put this chart in the context of the broader risk off environment developing, I think things are about to get quite ugly.

The daily rate of change of the SOXX is well below the 0 line - its literally impossible for it to make new highs if it stays below

This week's Newsletter is out - Bobby -

What’s happening in the crypto market this July? It’s worth paying close attention. 👀

One reason $SUI didn’t make a significant move on July 1 was its scheduled $9M token unlock (0.34% of the circulating supply).

The unlock was relatively small and had already been priced in by the market. Now that it’s behind us, that short-term supply overhang is gone.

Meanwhile, several crypto projects are aggressively buying back their own tokens.

Examples:

• $MET - 71% buyback vs. +13% supply growth.
• $GMX - 21% buyback vs. +1% supply growth.
• $HYPE - $283M in buybacks, one of the largest programs in the industry.

When buybacks match or exceed circulating supply growth, it generally creates a more bullish long-term fundamental by reducing sell-side pressure.

Key catalysts to watch throughout July:

• July 24 - $WLD unlock rate reduced by 43%.
• July 30 - Federal Reserve interest rate decision.
• Throughout July - Big Tech earnings (Apple, Microsoft, Meta, Google, Amazon, and others), which could influence ov

Gold L+VL Cycles

·         Looking at the L+VL cycle composite, the bigger ABC looks plausible.

·         VL cycle composite (not shown) has a cycle trough in 2028.

🚨 BIG UPDATE: @Sui has reached 2.5 million TPS on Mainnet using Programmable Lightning Tunnels.

The AI Agent vs. AI Agent stress test is now underway.

If these results remain consistent, this could become one of the most impressive Mainnet performance demonstrations the crypto industry has ever seen.

Bullish for $SUI

Update: $WLD is up +24%

$WLD has successfully bounced from the support zone (green box) we discussed earlier. However, the price is currently facing resistance at the 182 EMA, meaning a retest is still possible before the next leg up.

The nearest retest zone is around $0.34-$0.30. If you’re still holding $WLD, this is an important area to watch.

If $WLD manages to break above and hold $0.453, it could open the door for a move back toward the previous highs in the $0.57-$0.71 range.

As always, manage your risk and position size accordingly. ✊🏻💎

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