sadly i was wrong on one last leg for trad memes in dec

overall take on pendulum swing was right

market gave up on trad memes way quicker than i expected, which makes me lean to this: https://news.1rj.ru/str/cryptomumbles/12252

majority of pf is still allocated to ai, so the trad meme bet losses were bearable

but i wouldn't touch any trad memes from here on out unless there is a compelling case/strength (eg. fartcoin)

things like UFD i'm completely fine to miss

if i don't recognise it early, then i don't

next

even within ai, not all are winners as you've probably seen

95% of wave 1 projects have been abandoned
70% of wave 2 projects are being abandoned and the stats will probably increase

asset selection is more important than ever

flight to quality

here

clear example just before my flight to quality message

fART

this is a list i made in during the initial wave 1 ai boom (there’s more that the screenshot didn’t capture)

people don’t even talk about most of these anymore

only ai16z, zerebro, and fartcoin made it out

didn’t make a wave 2 list but most are looking similar rn

/metaquant_was_right
/thankyoumq

JUST IN: Over $1,100,000,000 liquidated from the cryptocurrency market in the past 24 hours.

@WatcherGuru

"It is all about protecting your downside. The upside will take care of itself.” - Warren Buffett

remember

i've been buying and twap-ing a utility token on hl yesterday

Hyperliquid reached a new all-time high in 24h volume of >$13B.

QCP Asia Colour – 19 December 24

The hawkish FOMC triggered a sharp selloff across all risk assets. Nasdaq plummeted 3.56%, S&P 500 dropped 2.95% and BTC declined 6.13%.

While the Fed's 25bps cut was expected, the source of panic can be attributed to the dot plot which was revised lower. Due to persistent inflation, the Fed now projects 2 rate cuts for 2025 compared to the market’s consensus of 3 rate cuts.

BTC fell to a day low of 98,800 during the Asia session with multiple altcoins suffering losses of at least 10% as the market saw US$258.6 million worth of longs being liquidated.

While it it easy to blame the selloff on the Fed’s hawkish cut, we believe the root cause of the morning’s crash to be market’s overly bullish positioning. Since the election, risk assets have enjoyed an impressive one-sided run, leaving the market extremely vulnerable to any shocks.

only 4 traders out of the top 50 monthly Bybit leaderboard made money today.

of the top 50 traders, only 2-3 made any material return in the last 2-3 days, indicating that almost every top trader is exceptionally long-biased (made no money when price went down)

.