Bitcoin L2s Are a Mirage — The On-Chain Data Says So
I didn’t short Bitcoin L2s. I just refused to buy the hype. It’s March 2025....
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I didn’t short Bitcoin L2s. I just refused to buy the hype. It’s March 2025....
Neutral
Market Sentiment
Block reward halving event
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
92 million ARB released
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Team and early investor shares released
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$76,389.8 |
| 1 |
Ethereum
ETH
|
$2,445.06 |
| 1 |
Solana
SOL
|
$101.29 |
| 1 |
BNB Chain
BNB
|
$734.8 |
| 1 |
XRP Ledger
XRP
|
$1.29 |
| 1 |
Dogecoin
DOGE
|
$0.0814 |
| 1 |
Cardano
ADA
|
$0.2009 |
| 1 |
Avalanche
AVAX
|
$7.58 |
| 1 |
Polkadot
DOT
|
$1.06 |
| 1 |
Chainlink
LINK
|
$11.35 |