Forwarded from Cointelegraph
Forwarded from CryptoCapo TG
GM
Market update:
Bitcoin continues to show remarkable strength since June 22nd (Middle East ceasefire). Some alts are catching up, but most remain in clear downtrends and forming lower highs. Traditional markets are showing signs of weakness and a potential top formation.
Euphoria around BTC is evident, and a reversal remains just a matter of time in my opinion.
Currently, all my short positions are in a loss. Luckily, I use very low leverage, so to the disappointment of many, I'm not liquidated yet. And even if I were, these positions are far from representing my entire net worth. They're strategic positions supporting my thesis and hedging against a potential black swan event, which remains likely even if the idea sounds crazy right now.
Staying calm despite adversity. Not everything plays out immediately. Have a good week!
Market update:
Bitcoin continues to show remarkable strength since June 22nd (Middle East ceasefire). Some alts are catching up, but most remain in clear downtrends and forming lower highs. Traditional markets are showing signs of weakness and a potential top formation.
Euphoria around BTC is evident, and a reversal remains just a matter of time in my opinion.
Currently, all my short positions are in a loss. Luckily, I use very low leverage, so to the disappointment of many, I'm not liquidated yet. And even if I were, these positions are far from representing my entire net worth. They're strategic positions supporting my thesis and hedging against a potential black swan event, which remains likely even if the idea sounds crazy right now.
Staying calm despite adversity. Not everything plays out immediately. Have a good week!
🤣12
Forwarded from Crypto Narratives
These BTC green candles are covered with the blood of the "summer chop" thesis bros
Don't persevere once the thesis is clearly invalidated, especially on a BTC short
It's extremely dangerous to let such a short run without an invalidation
(friendly advice from a bull)
Don't persevere once the thesis is clearly invalidated, especially on a BTC short
It's extremely dangerous to let such a short run without an invalidation
(friendly advice from a bull)
👍2
Forwarded from Crypto Mumbles
the market conditions the animal to expect mean reversion precisely at the time that the market shifts from mean reversion to trend
🤝5
Forwarded from Wu Blockchain News
QCP: Bitcoin has surged past $122K with strong institutional inflows and rising leveraged long positions, as sentiment flips from fear to greed. Despite elevated funding rates and over $43B in open interest, options markets remain calm, suggesting a maturing dynamic. — link
Forwarded from Mlm onchain
Sonnet BioTherapeutics, Inc. Announces $888 Million Business Combination to Launch a HYPE Cryptocurrency Treasury Reserve Strategy
"The transaction includes participation by prominent strategic investors, including Paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital"
https://x.com/mlmabc/status/1944699807139778603
"The transaction includes participation by prominent strategic investors, including Paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital"
https://x.com/mlmabc/status/1944699807139778603
X (formerly Twitter)
MLM (@mlmabc) on X
Sonnet BioTherapeutics, Inc. Announces $888 Million Business Combination to Launch a HYPE Cryptocurrency Treasury Reserve Strategy
"A newly-formed entity formed by an entity affiliated with Atlas Merchant Capital LLC (“Atlas”), an affiliate of Paradigm Operations…
"A newly-formed entity formed by an entity affiliated with Atlas Merchant Capital LLC (“Atlas”), an affiliate of Paradigm Operations…
Forwarded from unfolded. DeFi
Decentralized lender Aave surpasses $50 billion in net deposits — link | AI comment
Forwarded from Zoomer News
😁7
Crypto Mumbles
general guide moving forward should be short cex long onchain ofc not every cex coin, but should work with majority due to alt dispersion yada yada what about retail accessibility if its onchain? moonshot covers that perfectly, at least for sol side you…
cexs have been lagging almost the whole cycle
and they still are
and they still are
Forwarded from aggrnews
MICROSTRATEGY PURCHASES 4,225 BITCOINS BETWEEN JUL 07 - JUL 13 AT AN AVERAGE OF $111,827 (TOTAL: $472.50M)
Forwarded from unfolded. DeFi
CME ETH futures open interest hit a record high, indicating growing institutional interest — link | AI comment
Crypto Mumbles
picked up sbet around 18 yesterday and will add if given lower will probably hold this as a mid term trade as i think it'll perform better as a eth proxy/beta main exposure is still eth itself
re: eth betas
since the liquidity is not coming to us, we go to them instead
then again tradfi is not really my domain, so i might be wrong as well
i trust in the degeneracy of retail to slam sbet in hopes of mstr round 2 + eth's continued performance
since the liquidity is not coming to us, we go to them instead
then again tradfi is not really my domain, so i might be wrong as well
i trust in the degeneracy of retail to slam sbet in hopes of mstr round 2 + eth's continued performance
😁4🔥1