Loading up on EOM $60-$70 strike calls on hyperliquid:native at the current price of $51.5
Might come down a bit more first but when we move up its quick and violent, usually get a 30%+ move in a few weeks when it moves
Unfortunately options pricing on derive is retarded right now with spreads costing much more than single legs with the same long end, but its the best venue for hype options so I'll make do
Thesis:
Price refuses to break $50 even with coldcard fud at the same time as major OG whale exits (I was hedged spot since early July but after the coldcard news I just ended up selling my spot and offramping, already got LTCG so fuck it. I'm sure many others did the same)
Everyone's waiting for the guy at $47 to get liquidated but loracle and other whales are running out of supply, I'm assuming he defends and get's away with it again
Price also sitting in golden pocket retracement from Circle news
+EV spot to be long, options better than perps as if the floor falls through then everyone's getting liq'd
@SalsaTekila@stoicsavage Quantum is not a real threat. Big companies will get access to quantum before random hackers and the big companies are incentivised to fix the quantum issues because they’re exposed to bitcoin
This PHP hack is extremely bearish near:native
More so than any other crypto protocol
I will not explain
But if you have funds on near i would get them off immediately
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@notthreadguy Professor Jiang said Lily Phillips could end the war by dropping down in the middle and telling all the soldiers to line up
Maybe Melania saw that?
While i agree with the premise, there’s too many people positioned for random bullish news to break rn. Probably slow bleeds to $70 over the next few weeks and bottoms around nov 3-5 after all longs wiped