Are you aware that @crossbordercap, whose chart you use at the beginning of your video is also of the belief that we are late cycle?.... I appreciate your work, unfortunately, referencing their chart to prove your point (especially as though they are of the same belief as you in terms of where we stand in the cycle) dampens the validity of your argument 🤷♂️
@JungleRockRes Smash! But I feel that you’re missing a few key ingredients: sausage, hash brown, mushroom and fried tomato (deliberately leaving out the black pudding)!
You are even but according to @PixOnChain strategy you will be locking up your HYPE at least once which will take 24 hours to unlock, so this will need to be monitored before liquidation levels.... if you do manage to get it out and sell what you need then you are no longer farming points which was the premise of the startegy.... As you are Delta Neutral anything you sell is just offsetting the loss on your short, so essentially =0 and the remainder you have in play is still subject to the same liquidation level.
@0x_Bellinili @PixOnChain Of course you can. If you open a short position on perps with 1x leverage your position will go to 0 when the asset doubles in price.
The fact that ByBit and Ethena have not completely imploded after 1.5bn of ETH disappears means we are nowhere near a cycle top.
Not enough crime and undisclosed leverage built up in the system yet.