Crypto Narratives
This is how the alt treasury company scheme works : > Company ABC trades on Nasdaq at $10M mcap, with a share price of $10 > The company "raises" $100M from investors/VCs at its current $10 mkt price > These investors hold almost all of the company as a consequence…
If you wanted to know how to exit a $650M position in $ETH, this is how you do it btw
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One of the main reasons for me to remain bullish is to think about how I would feel if I was shorting alts here
I would be underwater and sweating
I would be underwater and sweating
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That $117k level is heavily defended on $BTC
I'd like to see a higher high + higher low on LTF now
The 45k BTC are still sitting in Galaxy Digital wallets and the stack is not decreasing, not sure if these will have to be sold or not
Risk-on szn should not be over yet
I'd like to see a higher high + higher low on LTF now
The 45k BTC are still sitting in Galaxy Digital wallets and the stack is not decreasing, not sure if these will have to be sold or not
Risk-on szn should not be over yet
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On this dip, does it feel like people are scared and looking to reduce their risk, or are they boldly "buying the dip in a bull run" ?
I'd say the former
Which is better to see if you have a bullish bias
I'd say the former
Which is better to see if you have a bullish bias
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Crypto-natives are looking to "de-risk heavily once the market gets too hot"
Bitcoiners are looking to accumulate as much BTC as they can at any price
There are virgin assets and there are chad assets, choose wisely
Bitcoiners are looking to accumulate as much BTC as they can at any price
There are virgin assets and there are chad assets, choose wisely
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A treasury company on $BTC is a clever way to outperform BTC
A treasury company on an altcoin is a way to make short-term gains with a very high risk of the vehicle going to zero in the long run
A treasury company on an altcoin is a way to make short-term gains with a very high risk of the vehicle going to zero in the long run
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How to blow up 101 :
Holding onto a losing short.
INCREDIBLY dangerous
Your brain will block you from cutting it once the negative uPnL gets large enough
And that's where the real trouble begins...
Because the size of your losing short is increasing as you are already deeply underwater
Truly a recipe for disaster
And a pair trade can lead to this outcome if the short leg goes very wrong
Always favor survival over anything else, anon 🙏
Holding onto a losing short.
INCREDIBLY dangerous
Your brain will block you from cutting it once the negative uPnL gets large enough
And that's where the real trouble begins...
Because the size of your losing short is increasing as you are already deeply underwater
Truly a recipe for disaster
And a pair trade can lead to this outcome if the short leg goes very wrong
Always favor survival over anything else, anon 🙏
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The people who were convinced that the mNAV premium of $MSTR should converge to 1 after the ETFs launch fundamentally misunderstand how MSTR works
Funnily enough, after a 3x outperformance by MSTR over $BTC, they are still making the exact same mistake, and assuring you that the premium will collapse
You've been absolutely dead wrong for one and a half year, but surely you are just one the verge of being proven right
Funnily enough, after a 3x outperformance by MSTR over $BTC, they are still making the exact same mistake, and assuring you that the premium will collapse
You've been absolutely dead wrong for one and a half year, but surely you are just one the verge of being proven right
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Saylor is planning to raise $500M on his new $STRC preferred share, it will probably be upsized to $1bn
Which will be funneled into BTC
Saylor can keep clipping $500M worth of BTC a week for a very long time without even needing $MSTR to pump hard
Which will be funneled into BTC
Saylor can keep clipping $500M worth of BTC a week for a very long time without even needing $MSTR to pump hard
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I wrote this yesterday when $SPK was trading below $0.1
A short squeeze ends with the vertical part of the parabola, where the price moves get completely crazy
Yesterday, $SPK was already up +230% in a few days, but it was not worth the risk getting into the short trade at this moment
Pulling up another 2x from there could have looked stupid, but it's what happened today with the liquidation of several shorts in a one-minute god candle
Unfortunately, I didn't put resting ask orders around the $2bn FDV level, which would have been an instant +12% profit trade.
I've entered the short trade now though, and I also have laddered ask orders above the current price
These liquidation candles often mark tops
A short squeeze ends with the vertical part of the parabola, where the price moves get completely crazy
Yesterday, $SPK was already up +230% in a few days, but it was not worth the risk getting into the short trade at this moment
Pulling up another 2x from there could have looked stupid, but it's what happened today with the liquidation of several shorts in a one-minute god candle
Unfortunately, I didn't put resting ask orders around the $2bn FDV level, which would have been an instant +12% profit trade.
I've entered the short trade now though, and I also have laddered ask orders above the current price
These liquidation candles often mark tops
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Crypto Narratives
I wrote this yesterday when $SPK was trading below $0.1 A short squeeze ends with the vertical part of the parabola, where the price moves get completely crazy Yesterday, $SPK was already up +230% in a few days, but it was not worth the risk getting into…
As for the catch-up trade, maybe $HOME and $RESOLV longs could cook now too ?
(As people try to repeat the trade on other coins that got listed around the same time, which means they are tied together in their heads)
(As people try to repeat the trade on other coins that got listed around the same time, which means they are tied together in their heads)
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Shorting new coins is a double-edged sword
Down only when there is zero bid in a risk-off market
But they can pump very violently once the market goes risk-on
$SPK
$SAHARA
$NEWT
$SOPH
$HOME
$RESOLV
$HUMA
$C
$M
$LA
There are a lot of new tickers
Down only when there is zero bid in a risk-off market
But they can pump very violently once the market goes risk-on
$SPK
$SAHARA
$NEWT
$SOPH
$HOME
$RESOLV
$HUMA
$C
$M
$LA
There are a lot of new tickers
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The Pareto distribution in the returns of coins is a nightmare for shorts
Because the top performers often end up outperforming the next cohort by 2x-5x
If you find yourself shorting them without invalidation, you are in for some pain
$PENGU
$SPK
$ZORA
Because the top performers often end up outperforming the next cohort by 2x-5x
If you find yourself shorting them without invalidation, you are in for some pain
$PENGU
$SPK
$ZORA
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Saylor is basically issuing a 9% APR stablecoin with monthly payments
$STRC is an extremely attractive product
$STRC is an extremely attractive product
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