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  • ExtraOrdinal Daily #118 | XO Weekly Recap: "What Happened?" How Long Do You Have?

ExtraOrdinal Daily #118 | XO Weekly Recap: "What Happened?" How Long Do You Have?

8th Feb 2025 ||| Issue #118
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Table of Contents

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Todays Top Stories

An Unforgettable Week

This was very much an unforgettable week, but for all the wrong reasons. Billions liquidated from the crypto market, sentiment at crashing lows, and fear posting every time you open up X. This sort of thing can make even the most hardened bulls twitchy about their spot positions.

All of this was covered in our fifth XO Weekly X Space yesterday, where we went through the chaos, along with a discussion on whether KOLs—namely the LA Vape Cabal—are a net positive or negative for the crypto space.

Landy gave us his expert opinion on the market and helped quell any fears about where we’re headed when we zoom out. We also compared the sentiment of this cycle to previous ones, particularly 2020/2021. That, plus much more.

If you haven’t listened yet, don’t take it from us—XO holder CryptograssMan put it best:

Listen back to the recording below:

This Past Week: A Quick Recap

Monday, Feb 1

Over $2.23B was liquidated in 24 hours, the worst single-day wipeout ever. Bitcoin crashed to $92,460 after Trump’s surprise tariffs, wiping out overleveraged longs. The Fear & Greed Index fell to 44—was this the final flush before a rebound?

Tuesday, Feb 2

Bitcoin memecoins (Runes) are surging, but swapping into BTC without a CEX is still clunky. Solutions like DeBridge and Chainflip help, but adoption lags. Unlike Solana, BTC memecoins may still need major CEX listings.

Wednesday, Feb 3

David Sacks’ speech disappointed, with no major surprises, leaving BTC’s $100K floor intact. Traders panicked over small delays, proving market impatience. With Trump’s Strategic Bitcoin Reserve plan, real action may take a year.

Thursday, Feb 4

Senator Warren, a longtime crypto critic, admitted debanking legitimate crypto firms is a problem. This shift could signal bipartisan support for fairer regulations. If banks can cut off crypto today, what’s next?

Friday, Feb 5

Market sentiment is at extreme fear, but history suggests the cycle isn’t over. Bitcoin dominance at 59% hints at a possible altseason if it drops. We may be in 2021’s mid-cycle phase—where’s the real top?

Top Posts | February 18: A Date to Mark in Our Calendars?

Top Posts | An Insight Into Why This Cycle May Feel Different

Top Posts | Absolutely Scandalous

Top Posts | Some Bullish Analytics For $DOG Holders

Top Posts | Whitters Has Set Us An OMB Black Eyes Task

Top Posts | Ye Confirms There Will Be No Coin

Daily Bites: Today’s Top Articles

Todays Markets

Catch up with Landy in yesterday’s Friday Wrap-Up session:

Ordinals

Yesterday was brutal, and while the dump continues, it’s slightly less severe today. The only three collections in the green—OMB, Runestone, and OCM—are barely up, with OCM leading at just a 2.6% gain.

Landy mentioned yesterday that he’s eyeing several assets, Ordinals included, and broke down his thoughts on what to watch for and when. Yet another reason to check out XO Weekly #5, which is linked in the headline story at the top of the newsletter.

Incidentally, Rik G mentioned during that Space that he was off to get his S.P.E.E.D, described as "an art attempt during heavy drug abuse in Bangkok" by the artist, Joe Ordinals.

Congrats on the launch and breaking in to the Top 10 today 🔥

Runes

$DOG has now slipped under $300M market cap, making this potentially an interesting level for buyers. Let’s see if it holds here or if we get some action in the coming days.

Other well-established Runes continue to slide downward, as buyers across the board lose confidence—not just in Runes, but in most sectors.

Similar to $RICH yesterday, it seems $TESLA has a strong Asian community backing, with an X search showing mostly Chinese-language posts. However, actual trading volume is low, so is this really a widespread trend? Probably not—but it's up 27% today, so let’s keep an eye on that too.

Overall, volume is dire—some of the worst we've seen. It could flip at any moment, but buying here is risky because there’s no telling when things will turn around.

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.

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Nothing in this or any other ExtraOrdinal Daily publication should be construed as financial or investment advice.

We trust this ExtraOrdinal Daily provided you with the information, insight and opportunities needed to have an ExtraOrdinal day! If you have any questions, suggestions, or a desire to contribute, reach out in the ExtraOrdinals Discord!

See you tomorrow!