/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)

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steady lads

don’t have to be too hasty in deploying

i think there is time to slowly bid

tho i have to say sentiment feels like people are ready to jump off a cliff

stealing this from an old tweet that i've read before

you are your very own ai agent

if you've been around long enough, your brain has been trained with charts, market sentiments, and data etc.

when you get a gut feel, that is an output from your brain that has been trained over the hours that you've spent online

always pay attention to your gut instincts

there might not be proper reasons to back it up and it might not seem rational at a certain point, but often times traders have good gut feelings

or what we call, 'balls tingling'

i expect $20 area to be heavily defended

a lot of folks i know have bids or are waiting with size

plan remains the same: i will shove everything i sold higher back in for more hype if given

Never fading these 2 legends

Their gut feeling is top notch