ÐÏVĀ

Low profile. high focus 🧘

[ÐÏVĀ @Sunday1455257]

@PolymarketSport @PolymarketFC What is going on mennnnn

[ÐÏVĀ @Sunday1455257]

@RevenueFamily Received my $58

[Revenue @RevenueFamily]

FAMILY, CHECK YOUR PORTFOLIOS 👀

Your welcome bonus is waiting. Check your balance and see when it unlocks.

A little something from us to get you started.

https://t.co/wCWZV0Ia9x

[ÐÏVĀ @Sunday1455257]

@Bruce64942 Very Good explanation

[ÐÏVĀ @Sunday1455257]

@ManUtd Because you are a F ass
Do what is right in that club 🤝

[ÐÏVĀ @Sunday1455257]

@marvellousdefi

[ÐÏVĀ @Sunday1455257]

@0xgurgs How long have you been holding

[ÐÏVĀ @Sunday1455257]

@0xgurgs Wow you are good bro 🙌🏽

[ÐÏVĀ @Sunday1455257]

@OXWHISPRR Yes you have blessed me 🙌🏽🫶

[ÐÏVĀ @Sunday1455257]

Been using perps mainly for short-term directional plays and hedging small positions.Usually trade them on Hyperliquid or GMX. Going fully on-chain doesn’t change much for me at this size (~$200),still the same risk management just less counterparty worry
@sndcapp @monacotrading

[spacebyte ⛓ @_thespacebyte]

The Bitcoin seller I care about here isn’t necessarily underwater.

It’s the guy sitting on a huge PnL.

CryptoQuant has trader unrealized profits at a 21-month high.

At the same time:

Profit realization is increasing.

Demand is cooling.

That combination is more useful than any of those datapoints in isolation.

Because profitable supply only becomes a problem when the market stops absorbing it.

…

— The Seller Doesn’t Need to Be Bearish

A lot of BTC downside analysis starts with forced sellers.

Liquidations.

Miner selling.

Short-term holder capitulation.

Leverage getting blown out.

But you don’t need any of that.

You can get meaningful supply from somebody who bought much lower, is massively in profit and simply decides to derisk.

Low cost basis

→ BTC reprices higher
→ Unrealized PnL expands
→ Holder realizes profit
→ Supply comes back into the market

Nothing bearish about the holder.

He just won.

The important variable is what happens when those coins hit the bid.

…

— Absorption Is the Trade

Say profitable holders realize $1B.

If marginal buyers are willing to take down $2B, price probably doesn’t care.

The selling gets absorbed.

BTC holds.

Eventually it can move higher again.

Now run the same setup with weaker demand.

$1B realized.

Only $600M of fresh demand underneath it.

Same seller.

Same profit.

Completely different price response.

That’s why I care less about the headline number for unrealized profit and more about how BTC trades while that profit is being realized.

If realized profits rise and BTC refuses to break, that’s strength.

Supply is hitting the market and somebody larger is taking the other side.

If the exact same selling suddenly starts producing deeper drawdowns, weaker bounces and failed reclaims, then the information changes.

Not because holders suddenly became bearish.

Because the bid got smaller.

…

— High Profit Isn’t the Bear Case

This is the obvious counter.

Bitcoin trends with holders sitting on enormous unrealized gains all the time.

Correct.

High PnL by itself tells you almost nothing about timing.

The useful sequence is:

→ Unrealized profit
→ Realized profit
→ Price response

The first tells you how much profitable supply exists.

The second tells you that some of it is actually moving.

The third tells you whether the market can absorb it.

That last part is the trade.

…

— My Take

I wouldn’t fade BTC because holders are sitting on large profits.

I’d watch how price reacts as those profits get realized.

If selling rises and BTC holds, the bid is doing its job.

If the same supply starts producing weaker rebounds and failed reclaims, absorption is deteriorating.

The next sellers may be winners. The setup changes only when the buyers stop being bigger.

[ÐÏVĀ @Sunday1455257]

@IsehPatience @gib_work Okk elder

[ÐÏVĀ @Sunday1455257]

@IsehPatience @gib_work Am interested

[Pae🦋 @IsehPatience]

If you’ve been looking for ways to make your skills work for you, here’s one to check out

I came across @gib_work, a marketplace where you can find paid bounties from projects and creators, complete the task, submit your work and get paid.

And if you’re the one with work that needs to get done, you can create your own bounty too.

I took the Gibwork mobile app for a spin and showed you how to find a bounty, check the requirements, submit your work and track you earnings.

Get in let’s work.

[ÐÏVĀ @Sunday1455257]

Walking around the map and opening each activity in its own window was actually a nice touch. Made the farming feel less like just ticking off tasks.
@sndcapp @Neura_io

[spacebyte ⛓ @_thespacebyte]

Round 1 is live at $0.015, with $100 getting you 6,666 BTOWN.

Unsold tokens go into the 80M player pool instead of back to the team.

https://t.co/K0ZgRWGinX

[ÐÏVĀ @Sunday1455257]

@fortraderscom Gm Gm

The 25k discount

[ÐÏVĀ @Sunday1455257]

Tried lending, swapping and bridging on the testnet. Swapping felt closest to the real thing, while bridging felt more like a demo. It took some figuring out at first, but I found my way through with help from someone in the community. @Syndscapp @SvpChain

[ÐÏVĀ @Sunday1455257]

@nerdydruskii More good news 🫶