Legmmi Ballsachs

Opportunist trader. I'm long tech, AI and crypto except when I'm not.

[Legmmi Ballsachs @XanderCryptoETH]

@LDrogen I'm talking more in terms of how the Trumps and Altmans of the world operate these days. The acting without agency, and disregard for law and order, is perpetual.

[Legmmi Ballsachs @XanderCryptoETH]

@WallStreetApes If only there was something they could hold above their head that would displace the water to the perimeter of their body.

[Legmmi Ballsachs @XanderCryptoETH]

@The_Real_Fly The worst NFP. And that horrible song would make my dog howl.

[Legmmi Ballsachs @XanderCryptoETH]

@AlfCharts @SeanHasOptions And nobody is paying attention to it.

[Legmmi Ballsachs @XanderCryptoETH]

Natural gas up 13% in the last month! That's a huge increase in COGS for $BTC. $MSTR

[Legmmi Ballsachs @XanderCryptoETH]

As of today $MSTR noted at 8 and 10%!

[Legmmi Ballsachs @XanderCryptoETH]

$MSTR mNAV falling quick due to the compounding nature of $2,000+ drop in $BTC and 6% drop in market cap today. A massive 11 basis point increase in 10Y ($TNX) isn't helping. Could get ugly here with a Bitcoin rug pull which would be totally on the nose on OPEX.

[Legmmi Ballsachs @XanderCryptoETH]

@athenasignal @WatcherGuru Her Amendment is very much for those altcoins too. But don't be so foolish to think that companies like coinbase, MicroStrategy or Gemini can't blow up like FTX if they're allowed to prop trade crypto derivatives wirhout insuring deposits

[Legmmi Ballsachs @XanderCryptoETH]

@WatcherGuru @ZR1XRP I actually watched. She was explaining a proposed Amendment which was basically the Volcker Act for crypto. It would ban prop trading at crypto companies so that one of these institutions doesn't blow up like Lehman or Bear Stearns and lose all YOUR deposits with it.

[Legmmi Ballsachs @XanderCryptoETH]

@LDrogen Having watched the Committee markup meeting today, I can tell you that the partisan majority in that Committee wants to keep it that way.

[Legmmi Ballsachs @XanderCryptoETH]

45 min into the Senate Banking Committee's CLARITY Act markup and they are only on Amendment 4 of 130+. There is very little chance they get through this entire markup backlog this week and no way it can be voted on before MDW $BTC $MSTR

[Legmmi Ballsachs @XanderCryptoETH]

Tuesday pump at $190 on Clarity Act markup meeting event which starts today. I am 99% confident there'll be no progress today and we're more than likely going to see negative headlines on opposition to stablecoin points. $MSTR $177 rn

[Michael Saylor @saylor]

Last night’s CLARITY Act markup would unlock the next wave of Digital Capital, Digital Credit, and Digital Equity in the U.S. and globally — institutional validation for $BTC, a framework for $STRC -powered digital yield markets, and broader adoption of $MSTR.

[Legmmi Ballsachs @XanderCryptoETH]

The entire stock market is going up like it gets an allowance from Nvidia. Is Nvidia giving out UBI? $TNX 10Y treasury yield is up six basis points to just below 4.5 this week on CPI and PPI hot prints. The powder keg is there. It just needs a spark that lights the fuse. $NVDA

[Legmmi Ballsachs @XanderCryptoETH]

@WatcherGuru I know this is becoming a running joke but there are signs. 10 year treasury yield $TNX is up 5 basis points and I'm not seeing hardly any mention of it. PPI could move it over 4.5 Tomorrow and I wouldn't be surprised if all of a sudden it becomes a headline then.

[Legmmi Ballsachs @XanderCryptoETH]

@RedDogT3 Any thoughts on the 10 year yield going up 4.5 basis points to 4.457? It was 4.41 at the close yesterday

[Legmmi Ballsachs @XanderCryptoETH]

@wallstengine But will the bond market buy it?

[Legmmi Ballsachs @XanderCryptoETH]

Volatility Tsunami triggered on Friday.
$QQQ hits 83 RSI (highest since Jan 2018). South Korea KOSPI Index down 5%.
$4.52/gallon US national avg for gas.
Michael Burry is losing his voice yelling market crash.
CPI print 8:30AM.
I'm 80% cash / 20% long $mstr puts

[Legmmi Ballsachs @XanderCryptoETH]

@TradingThomas3 Also the Volatility Tsunami metric triggered on Friday. If CPI comes in hot, spikes 10Y over 4.6, bond market calls BS then we'll see a violent sell off.

[Legmmi Ballsachs @XanderCryptoETH]

Looks like a lot of volume in MSTR puts today @3PeaksTrading