My thought: OI related. BTC bottomed in July and wiped out substantial OI across the board. After it started trending again, dips were eaten quickly (before liquidity) b/c lots of spot bid and new longs. Now, OI got to a point where it was too much, and there was a lot of spot ask. Especially when it’s so visible in the books. Everyone knew how much supply there was for SOL 197-203. And BTC 70-72k. So with known supply + rampant OI, it gets front run.
Also as always, appreciate the transparency. Out of curiosity, what caused the losses that you didn’t post about?
@0xPepoG@orrdavid@sershokunin Entire p-server might be tough though — that’s a lot of heads. For PVE it’s probably fine, but arena and BG q’s would be brutal
Tomtom kebap — fire kebabs and they bring out this like tomato spread for pita v good
Yoremiz pide — local, cheap spot. Really good lahmucan and pide
Shamse — kebab, and get the korescht bamiye
F&B Culture — rack of lamb is insanely good
Cafe Privato — Turkish breakfast
Simsek — casual spot open very late. But has a super dank lamb stew, get with rice. Also lentil soup rly good there
Corner Irish pub — good pub for the euros
How do you figure gox is priced in? I don’t necessarily disagree here, and if we range in this area for BTC - that makes sense. But if BTC pushes back to 64k+ area, then we essentially just dumped on each other and pushed prices back to where gox can sell high again.
It’s a weird thing to price when that much supply is coming online. Expectation is it gets dumped, and no one wants to get dumped on so the thought is always why not buy back after the dump happens (July - October). My guess is BTC bottoms ~August. Initially panic and sell pressure of the first unlocks, followed by a front running of the end of unlocks, also aligns with Q3/Q4 advisor ability to invest in the ETFs.
Another risk factor for BTC short term is a potential exodus in flows upon ETH ETF launch. BTC -> ETH, particularly as ppl see weakness in BTC PA and don’t want to get dumped on by gox / Germany either.
BTC dom breaking down, alt szn ahead, then the king comes back strong after, pushes past ATHs to 100k, proper alt szn full send Q4 2024 - Q1 2025
I know nothing I love u
One of the very few accounts I'll blindly follow when it comes to pre-determined areas of liquidity.
Got some nice fills. Let's see if we can hold.
$BTC $ETH $SOL
@smartestmoney is one of the best traders out there and has cleaned up this cycle. $BNB looks pretty good to me. Something like this for a trade.
Probably has legs to push past ATH as well, will be holding a moon bag.
Trending markets allow you to take trades like this with good setups / tight stops, targeting pretty high R:Rs. Take advantage.
Nah not at all. I couldn’t care less whose bags they pump.
They don’t have a job when coming to crypto, but if they did, it would be to make money and onboard people in a successful manner and the method u mentioned happens to accomplish that.
Launching a not-funny token of themselves and rugging does not.
I’m looking out for how they can join crypto and profit, which is their ultimate motive. Finding a way to do that that doesn’t destroy their reputation, cryptos reputaron, and cause people tons of losses, seems to be a pretty wise thing to consider
Yup, that was legit and part of why she's been the best one so far. But she still didn't post tickers for those -- she only mentioned them on her spaces and maybe retweeted a meme. All the attention / shilling has been on her coin.
I just think in general, there is more $ to be made by these influencers by backing an existing token that has ample liquidity, and much less reputation / legal risk. I.e. buy $1M of $WIF and watch it 2x and watch all your followers make $ off a cute dog wif a hat. Much more fun. Not like they don't have the $ to do so.
It's a win-win for everyone and is a much better way to onboard people vs. "buy my coin that's solely about me / has no meme-ability while i dump my insider tokens on you"