# Daily observation 6/22


By [andywan](https://paragraph.com/@andywan) · 2022-06-21

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![20748$](https://storage.googleapis.com/papyrus_images/695f9b65536fb3cd75aaeffa20eb47f6e9317c8a000c9c3509a6f1d33050e27e.png)

20748$

[https://twitter.com/Uniswap/status/1539306970653806592](https://twitter.com/Uniswap/status/1539306970653806592)

For NFTs, there are still opportunities.

[https://twitter.com/WatcherGuru/status/1539173985178464256](https://twitter.com/WatcherGuru/status/1539173985178464256)

Australia is more Crypto-friendly！

[https://cointelegraph.com/news/law-decoded-june-13-20-celsius-exodus-and-liquidity-crisis](https://cointelegraph.com/news/law-decoded-june-13-20-celsius-exodus-and-liquidity-crisis)

The Celsius becaome the first to freeze the withdrawal operations, but it might not be the last!

![](https://storage.googleapis.com/papyrus_images/572928063c90c3b8947de8a22ecbc5fc0b3b95c609e1672a6f3eb11f699ee878.jpg)

Fine！

[https://twitter.com/Tether\_to/status/1539503478711717888](https://twitter.com/Tether_to/status/1539503478711717888)

[https://twitter.com/WatcherGuru/status/1539532960273252357](https://twitter.com/WatcherGuru/status/1539532960273252357)

expand #Tether's market

[https://twitter.com/WatcherGuru/status/1539511644606242816](https://twitter.com/WatcherGuru/status/1539511644606242816)

USA Inflation 8.6% vs UK Inflation 9.1%

Brothers and sisters

[https://twitter.com/FatManTerra/status/1539528991417180160](https://twitter.com/FatManTerra/status/1539528991417180160)

My four crypto takeaways from the past two months.

1.More than I anticipated， gains were retraced. The highest tracement is at 70%， and this hurts a lot!

2.Defi's downfall.

The downfall of Titans like Celius， Blockfi，Babel &3AC ，Defi's Trust is Being Shaken.

3.ETH’s dilemma

Uncertainty surrounds the future of ETH’s POW to POS.

The conversion of ETH to an asset has failed.

4.Dispointment of Bitcoin hodlers

The high of this bull market has not exceeded three times the last cycle high, and the retracement is lower than the last cycle high.

Going back to the Bitcoin Narrative.

![](https://storage.googleapis.com/papyrus_images/c0bc95af00c0db2e025fb59464d3cf531d61b33a5e3f92944ddf04e88f87dc2f.jpg)

It’s a Ponzi

[https://cointelegraph.com/news/bitcoin-miners-sold-their-entire-may-harvest-report](https://cointelegraph.com/news/bitcoin-miners-sold-their-entire-may-harvest-report)

[https://bitinfocharts.com/comparison/bitcoin-hashrate.html](https://bitinfocharts.com/comparison/bitcoin-hashrate.html)

The hash rate for bitcoin is still very high! Don’t worry!

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*Originally published on [andywan](https://paragraph.com/@andywan/daily-observation-6-22)*