GM. This is Milk Road, the ‘personal shopper’ of crypto newsletters (we help you make better decisions).

Here’s what we got for you today:

• ✍️ New alt season set up

• ✍️ How to fight fear when investing

• 🎙️ The Milk Road Show: Crypto Market Analysis & BTC,ETH, SOL 2025 Price Targets w/ Adam Stokes

• 🍪 Another day, another crypto IPO

Midnight network is a blockchain that focuses on privacy. Grab your $NIGHT allocation here.

NEW ALT SEASON SET UP 📈

The sky darkens…everything gets still… all of a sudden…the air starts to smell like rain.

While it's not upon you just yet — you can feel it: there’s a storm a-brewin’!

…and there’s been a similar feeling around altcoins right now – alt season isn’t here just yet…but you can feel it brewing.

(Alt season = a 90 day period in which 75% of the top 50 coins outperform Bitcoin.)

Here’re the current warning signs:

1/ Google search interest for ‘altcoins’ is at a 5-year high 

And not just by a small margin – current altcoin search interest is almost 2x higher than 2021’s frothy market top and 2024’s ‘Trump pump’.

2/ And yet…we’re still not in alt season

We’ve been bouncing between 40 and 60 on the alt season chart for ~3 weeks now (we need to hit 75 to confirm things). 👇

3/ Thankfully, funding rates are still low

If we want to see the alt season chart hit the prophesized ‘75’ figure – we’re going to need to see continued altcoin buy pressure.

So, how much juice has the market got left in the tank? Let’s check the funding rates…

Remember: Positive funding rates indicate the market is betting prices will go up.

…but when they climb above 0.05% – that’s when we enter ‘overheated’ territory (and the likelihood of a pullback becomes worrying).

Good news is: based on Ethereum’s current funding rates ($ETH = king of the alts), we still have room to run! 👇

Putting all of that together:

In the coming weeks, there’s a solid chance we could see this 5-year high in search interest convert into increased/continued buying action → pushing prices up and confirming alt season in the process.

Or to put it another way…

While it's not upon us just yet — it feels like there’s a storm a-brewin’!

P.S. If you’re looking for an easy way to allocate to alts across Ethereum and/or Solana – Milk Road Swap has got you covered.

HOW TO PUT FEAR IN THE BACK SEAT 👻

Below is a snippet of a much more in-depth tweet from our Head of Research, Kyle. 

I suggest you go and read the full thing (its message is valuable – and often overlooked!) 👇

That said…for my fellow ‘just gimme the cliff notes’ brethren – they are:

Greed is the reason most investors fail. 

The problem is, no matter how well you're doing, the market always has a tricky way of making you feel like you don't have enough – so you need to consciously fight it.

Sweet, ok – fight it…fight it how? (C’mon Reidhead – throw us a bone here!)

Look, I don’t know how to stop fear from affecting your investing all together – but I have three so-dumb-and-basic-it-almost-hurts tricks that you can use to slow the Fear Monster’s roll.

They are…

1/ Make rash decisions really hard/annoying to make

Keeping your tokens staked on a cold wallet (like a Ledger device) puts a whole bunch of friction between you and any potential onchain actions.

You gotta grab your Ledger, open the app, connect to bluetooth, enter your pin on-device, un-stake your crypto, wait a day or two for it to clear in many cases, then make your move.

(Do I really want to go through all of that to make what was meant to be a spur-of-the-moment allocation to CumRocket? Probably not.)

2/ Set up automated buys/sells – and do so based on time, not price.

Automated weekly buys on the way up → automated weekly sales on the way down.

Following this will allow you to get out of your own way and avoid the whole “what if it hits $X” self-talk that often leaves you sidelined on the way up, and selling too late on the way down.

As for when to enter these buying/selling periods? 

I use the Milk Road PRO team’s Business Cycle indicator, buying from late winter into late spring and selling through late summer/early fall. 👇

BTW: the Milk Road PRO team releases a version of this chart with a ‘We Are Here’ marker every Thursday in our “Where Are We In The Cycle” section.

3/ Put aside some fun money that you fully plan to lose

Sadly, you can adhere to points 1 & 2, and still make dumb decisions (I know from experience).

My solution: plan for it.

Put a small percentage of your portfolio aside for making stupid/fun bets – all with the intention of seeing it go to $0 by the end of the cycle. 

This way, your degenerate ‘sugar cravings’ can be met, without them wiping out your portfolio.

(Oh, and if you want to make educated degenerate bets – subscribe to our free Milk Road Degen newsletter.)

Alright, that’s all I’ve got for you today!

Hope these guardrails help 🫡

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This DEX solves an actual UX issue! Milk Road Swap supports both Ethereum and Solana tokens in a single interface.

Another day, another crypto IPO! Bullish just raised $1.1B in its public offering, pricing its shares above the marketed range.

The next big degen rotation? AI Agents. Here are four DeFAI tokens LG is looking at…

The $PUMP buy back firehose is ON! PumpFun just bought $11.65M worth of its own token in a single day, at $0.0058 per token (that’s 40% above its current market price).

Okto is launching an exclusive trading club called HyperOne. It’s an invite-only club that gives you $HYPE tokens for every futures trade you make.*

*this is sponsored content.

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