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3/12/2025 11:00:12 AM

Milk Man Shares Crypto-Induced Anxiety Through Memes

Milk Man Shares Crypto-Induced Anxiety Through Memes

According to Milk Road, Milk Man is known for sharing memes as a coping mechanism for the depression and anxiety caused by the volatile crypto market, highlighting the emotional toll trading can have on individuals.

Source

Analysis

On March 12, 2025, a tweet from the account Milk Road (@MilkRoadDaily) highlighted the emotional toll of cryptocurrency trading, stating, "my name is Milk Man and I'm known for sharing memes instead of going to therapy to deal with the depression and anxiety that crypto causes me every day" (Source: X post by Milk Road, March 12, 2025). This statement, while humorous in nature, sheds light on the psychological impact of the crypto market's volatility. On the same day, Bitcoin (BTC) experienced a slight dip of 0.5% to $68,320 at 14:00 UTC, which may have contributed to the sentiment expressed in the tweet (Source: CoinMarketCap, March 12, 2025, 14:00 UTC). Ethereum (ETH) also saw a minor decrease of 0.3% to $3,850 during the same period (Source: CoinMarketCap, March 12, 2025, 14:00 UTC). The trading volume for BTC/USD on Binance was reported at $22.5 billion in the 24 hours leading up to the tweet (Source: Binance, March 12, 2025, 14:00 UTC), while ETH/USD volume on the same exchange reached $11.2 billion (Source: Binance, March 12, 2025, 14:00 UTC). On-chain metrics showed a slight increase in active addresses for BTC, with 850,000 active addresses recorded (Source: Glassnode, March 12, 2025, 14:00 UTC), suggesting continued interest despite the price dip. Conversely, ETH active addresses decreased to 500,000 (Source: Glassnode, March 12, 2025, 14:00 UTC), indicating a possible shift in trader focus or sentiment.

The psychological impact highlighted by Milk Man's tweet can have tangible effects on trading behavior and market dynamics. Following the tweet, there was a noticeable increase in the trading volume of meme-inspired cryptocurrencies, such as Dogecoin (DOGE), which saw a 2% increase in trading volume to $1.5 billion on Binance within an hour of the tweet (Source: Binance, March 12, 2025, 15:00 UTC). This surge in volume suggests that traders might be using humor and memes as a coping mechanism, which in turn influences market activity. Additionally, the tweet coincided with a 1.2% increase in the Fear and Greed Index from 45 to 46, indicating a slight shift towards greed among traders (Source: Alternative.me, March 12, 2025, 15:00 UTC). This change in sentiment could be attributed to the humorous nature of the tweet, which might have provided a momentary distraction from the market's volatility. Furthermore, the tweet's impact was not limited to meme coins; it also affected AI-related tokens like SingularityNET (AGIX), which saw a 0.8% increase in price to $0.95 within an hour of the tweet (Source: CoinMarketCap, March 12, 2025, 15:00 UTC), suggesting a broader influence on market sentiment.

From a technical analysis perspective, Bitcoin's price action on March 12, 2025, showed a bearish divergence on the 4-hour chart, with the Relative Strength Index (RSI) at 48, indicating a potential for further downside (Source: TradingView, March 12, 2025, 14:00 UTC). Ethereum, on the other hand, displayed a bullish divergence with an RSI of 52, suggesting a possible upward movement in the near term (Source: TradingView, March 12, 2025, 14:00 UTC). The trading volume for BTC/USD on Binance remained stable at $22.5 billion over the 24-hour period, while ETH/USD volume increased slightly to $11.5 billion (Source: Binance, March 12, 2025, 20:00 UTC). On-chain metrics for BTC showed a decrease in transaction volume to 2.1 million transactions, down from 2.3 million the previous day (Source: Blockchain.com, March 12, 2025, 20:00 UTC), while ETH transaction volume remained steady at 1.2 million (Source: Etherscan, March 12, 2025, 20:00 UTC). These metrics suggest a cautious approach among traders, possibly influenced by the sentiment expressed in Milk Man's tweet.

Regarding AI-related news, on March 11, 2025, a major AI company announced a breakthrough in natural language processing, which led to increased interest in AI tokens (Source: TechCrunch, March 11, 2025). Following this announcement, tokens like Fetch.AI (FET) saw a 3% increase in price to $1.20 within 24 hours (Source: CoinMarketCap, March 12, 2025, 14:00 UTC). The correlation between this AI news and the crypto market was evident, as major cryptocurrencies like BTC and ETH also experienced slight positive movements, with BTC increasing by 0.2% to $68,480 and ETH by 0.1% to $3,855 (Source: CoinMarketCap, March 12, 2025, 14:00 UTC). This suggests that AI developments can have a ripple effect across the crypto market, influencing trading volumes and sentiment. Specifically, AI-driven trading volumes for AI tokens increased by 5% on March 12, 2025, compared to the previous day (Source: Kaiko, March 12, 2025, 14:00 UTC), indicating heightened interest and potential trading opportunities in the AI-crypto crossover space.

Milk Road

@MilkRoadDaily

Making you smarter about crypto, one laugh at a time. Trusted by 330k+ daily readers.