@luckychartape I’ve just started to scratch the surface of the Risklab and it’s already forced me to better plan my trades and think them through more thoroughly. There are so many layers to it it’s going to take me a good while to implement what all is offered. Thank you Lucky.
Total open interest tanked on October 10th during that massive liquidation event and has simply been bleeding lower ever since.
Wild to see, but also a good thing for the general health of the market. Without significant leverage in the system, mass liquidation events like the one we saw on October 10th don't have the "fuel" necessary to occur again.
Our last major de-leveraging event began when Bitcoin was at 90k for the first time in December of '24, and ended with BTC at 74k in April and 33% less OI in the system.
What followed that de-leveraging event was a rally to 112k over the next 1.5 months and then ultimately continuation to our last highs at 126k.
The current de-leveraging event from 126k to 80k has resulted in a 40-50% decrease in OI thus far...
@CredibleCrypto Question - I can kinda see levels that the spikes down hit (as brutal as it was) but the CVX one is in no man’s land down to .50. Does that mean anything?
@luckychartape I’m going to watch this tonight. Thanks Lucky! I’m a newer member to the discord but I know I’ll get a lot from these kinds of videos. Easier on my brain and to hear you talking it though helps a ton.
@ATRightMovies I watched half the theatre leave but stayed because I had to see just how bad it was going to get. Eventually you just laugh at how bad it is. Terrible movie
Mark Carney, Canada's new yet unelected Prime Minister, has spent the last several years selling a new version of neo-colonial debt slavery as "sustainable development." A complete snake, please read my past reports on his predatory endeavors here:
https://t.co/8rqDME4OVj
@Moneytaur_ I made such a bonehead mistake yesterday and I was so frustrated. Listened to some mark douglas this morning to recalibrate and remind myself of what it is I need to do. So yes, trying to channel.