$MYX spot premium going crazy again

As I've said a few times, this is one of the wildest crime scenes I've ever seen on Binance perps.

Probably higher (climax at some point?) before lower

Eyes on HL liquidations :

- $20M $BTC short liq'd at $117250
- $17M $BTC short liq'd at $117250

The PA of $XPL post TGE seems to be a mix between $PUMP and $ENA

I don't think it's worth it trying to buy the dip for a swing until the dust settles

$BTC - main long, chad asset, time to follow gold and equities to ATH

$XPL - was a good short above $1.4, I've now covered it entirely but I def wouldn't be surprised to see it find a floor only around $0.6-$.08

$ASTER - still short overall, but the r/r is less attractive. People are completely delusional imo, too much uPnL in it, not the holder base you want (trench rotators), selling pressure coming with the airdrop

$STBL - short too, another retarded FDV, pumped because of the very low float and stablecoin narrative

$MNT - most comfortable "long and chill" coin, chart looking great

$WLFI - sitting on this short, surprisingly flat/dead PA, hoping for some serious breakdown below $0.2 at some point. Keeping bullets in case of a squeeze

$AVNT - another one that overshot because of the perp DEX meta, short biased on this but low size

Several altcoin long ideas : $ETHFI $PUMP $USELESS $ZRO $ORDER $W

"Winner takes all" illustrated

$BMNR is the only ETH treasury company left that is able to buy, but it's buying in mega size

I've seen a lot of people calling for a rotation back to memes

I like the idea

CEX memes have been destroyed over the past weeks, being consistently under-performing

This seems to be changing with Uptober

Good news is that if the rotation truly happens, you are still early

Patiently waiting for the floodgates to open

Still not there yet

$STRC

$FORD trading at 1/200th the daily volume of $BMNR is such a crazy flop

In late 2023, $BTC started a run that lead to an almost 3X increase in 5 months

I think people have forgotten how volatile and explosive BTC can really be

People have forgotten how to dream

Most DATs are failures by any metric (price performance, volume, token-per-share increase...)

But that doesn't change the fact that the treasury company structure is extremely powerful

Applied correctly, it's a smart way to leverage the underlying asset

But your underlying asset needs to have a high long-term CAGR

That's basically non-existent in altcoin land (most have negative CAGR)

It's only the case with $BTC, maybe $ETH

Bought some of the "I don't want to be sidelined" basket

$SPX
$PUMP
$FARTCOIN
$USELESS

It's been a long time since I haven't had such a long watchlist of coins I'd want to buy for the next leg up

The new (Asian?) scam in town is $AIA

Just like $MYX and $M, it has the usual scam combo :

- Main spot venue is Bitget
- Listed on Binance and Bybit on futures
- Pancake LP on BSC
- "For some reason", the main liquidity provider (Bitget-funded wallet) withdrew some liquidity before the squeeze [see screenshot below]
- Very high FDV with extremely low float
- $2bn volume on Binance fut but you can move the price 5% with a few k on spot

If you are somehow both very bullish and sidelined (it can happen...), then the best thing to do is

Buying with partial size now, and swallowing the pill of having a bad entry

This means that if we dip, you will be happy to add to your positions

But if we keep running without a drawdown, you are at least partly allocated

(FOMO is the mind killer, but fomo'ing 10% higher and with larger size is worse)

That's what I did here

I didn't catch the bottom of these memes despite thinking they were good entries

But then I realized that in the case the bullish scenario would happen, then being allocated was the priority, instead of catching a good entry

Random new dubious coin is up +620% on the day

> Let's look at it closer
> Main spot venue is Bitget
> Listed on Binance and Bybit perps
> BSC coin, main LP on PancakeSwap
> No on-chain liquidity above a certain price level

EVERY FUCKING TIME 💀

I can already feel that I will regret not being long more $BTC

Tons of coins looking juicy but people are still trying to catch the picobottom of $XPL

‘This is the only way I can make it during this Q4 25’

Have you noticed how many of the "permanently under-perfoming high FDV low float VC coins" are looking very good right now

$APT
$STRK
$ETHFI
$EIGEN
$W
$BERA

yes, that’s right, that’s the list