OnMyMind

Trying to get my head around all those liquidations

[OnMyMind @CryptoD53811936]

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[OnMyMind @CryptoD53811936]

Just discovered @TraderDotDev - AI trading bot on Telegram 🤖
Earning points for the $TRADER airdrop. Join me:
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[OnMyMind @CryptoD53811936]

@EmperorBTC Take good care of yourself

[OnMyMind @CryptoD53811936]

@JamesWynnReal @grok Hey @grok reposts this so I win 10 million dollars

[JAMES WYNN @JamesWynnReal]

Hey @grok pick a random person who reposts this to win 10 million dollars

24hrs from now. Cheers

[OnMyMind @CryptoD53811936]

@bloodgoodBTC Curious

[OnMyMind @CryptoD53811936]

@RadioGenoa What not?

[OnMyMind @CryptoD53811936]

@Rossmac212 What did she make?

[OnMyMind @CryptoD53811936]

@Rainmaker1973 And he did it all backwards!

[OnMyMind @CryptoD53811936]

@daznboxinghelp usyk vs fury refund please! not able to watch the fight because your servers suck. The whole world is complaining about you!

[OnMyMind @CryptoD53811936]

@creepydotorg Tinkerbell

[OnMyMind @CryptoD53811936]

@EmperorBTC Man of glass

[OnMyMind @CryptoD53811936]

@gunsnrosesgirl3 Why isnt he on the Olympics?

[OnMyMind @CryptoD53811936]

@thereal_SnS Pure luck

[Adam @abetrade]

1/ funding rates

funding rates are probably the one thing everyone on the list which everyone knows about at this point; therefore, the edge in it is not that high/rare to happen.

very tldr for those of you that never heard about funding rates:

If funding is positive, it means that the perpetual swap is trading above the index price, and if funding is negative, it means that the perpetual swap is trading below the index price.

If funding is positive, longs pay a fee to shorts.
If funding is negative, shorts pay a fee to longs.

you will find more details here: https://t.co/jlkb4KOufK

[OnMyMind @CryptoD53811936]

@creepydotorg Where do you think all the pokemon's came from?

[OnMyMind @CryptoD53811936]

@EmperorBTC When this is the case, its the beginning of a long ride down.

[Champions Ascension @ChampionsIO]

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[OnMyMind @CryptoD53811936]

@cryptomanran Exactly this

[Ran Neuner @cryptomanran]

Bitcoin Price is dumping as people are dumping their GBTC shares.

GBTC held $25bn+ worth of Bitcoin that has been locked up for years with no option to be sold. As soon as the redemption option opened, for the first time people are starting to exit - as they exit the Bitcoin must be sold on the market. Now they are taking a discount again!

$25bn is a serious number and even if just 20% are redeemed, that is $5bn in sales on the market.

The issue is that I doubt that the ETF providers have this much demand as quickly.

We could see some selling pressure for a while but luckily the market is not selling off - its mainly Bitcoin and not the Alts!