Forwarded from Birds of a Feather
Been mulling over what Ansem said recently (https://x.com/blknoiz06/status/1970050545823171061). I think there are multiple signs pointing towards general exhaustion within the crypto markets.
Touching grass for the past 2 weeks has allowed me to keep a clear head, and when I return to bid the biggest liquidation flush of the year only for my positions to continue bleeding lower, it is a huge warning sign to me. In 80% of cases those liq bids would've been profitable after some form of flush recovery but in the 20% of the times they are not, it heavily exposes the lack of marginal buyers in this market left.
I suspect we continue decorrelating from broader risk on markets and start losing key levels for majors soon. Looking at 100k BTC, 3.4k ETH and 160 SOL.
Touching grass for the past 2 weeks has allowed me to keep a clear head, and when I return to bid the biggest liquidation flush of the year only for my positions to continue bleeding lower, it is a huge warning sign to me. In 80% of cases those liq bids would've been profitable after some form of flush recovery but in the 20% of the times they are not, it heavily exposes the lack of marginal buyers in this market left.
I suspect we continue decorrelating from broader risk on markets and start losing key levels for majors soon. Looking at 100k BTC, 3.4k ETH and 160 SOL.
X (formerly Twitter)
Ansem (@blknoiz06) on X
two types of large long liquidations in crypto
• liquidations in a bull market that clear out leverage & spot buyers come in to V-reverse everything in a matter of weeks to new highs (jan 11, 2021)
• liquidations that signal buyer exhuastion & end of a…
• liquidations in a bull market that clear out leverage & spot buyers come in to V-reverse everything in a matter of weeks to new highs (jan 11, 2021)
• liquidations that signal buyer exhuastion & end of a…
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Started farming points at Extended. Really underfarmed perp dex, since everyone is focusing on HL, Lighter and Aster (I am too ofc).
But here you can get more points since you are "earlier". TGE in the first half of next year, and the team has confirmed that 30% of the tokens will go to airdrop.
At only $1B FDV → 1 point = $6
My link here: https://app.extended.exchange/join/DEDNETXE
Example: If you use the link and earn 100 points, I will get 15 points and you will get a 15% boost to your points for using my reflink (so net 115 points for you, instead of 100 if you don't use the link).
But here you can get more points since you are "earlier". TGE in the first half of next year, and the team has confirmed that 30% of the tokens will go to airdrop.
At only $1B FDV → 1 point = $6
My link here: https://app.extended.exchange/join/DEDNETXE
Example: If you use the link and earn 100 points, I will get 15 points and you will get a 15% boost to your points for using my reflink (so net 115 points for you, instead of 100 if you don't use the link).
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Forwarded from Asymmetric Thinker
I think people really want narrative on sol right now. Something to buy. Despite the majors wicks I can feel hunger.
Qto. 1 coin. Or Something new later. Good time to start looking back into sol.
Aster reminded people what a hunger feels like. Aster showed people the path of holding few days. CZ reminded the market of good old days.
Qto. 1 coin. Or Something new later. Good time to start looking back into sol.
Aster reminded people what a hunger feels like. Aster showed people the path of holding few days. CZ reminded the market of good old days.
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