No one made more money in trading than Jim Simons.
Not Buffett. Not Soros. Not Dalio.
His hedge fund was so powerful, he shut it down to outsiders.
$100 in 1988 grew to $400M in 30 years.
Here’s how a mathematician became the world’s greatest trader:
@christi61026749@onlyKASPAfans Great analysis…How low do you think that they would be willing to push down the price in order to further accumulate until the eventual price breaks to the upside?
Kaspa peaked when Binance launched futures
When the largest exchange In the world launches futures on an asset, especially without launching spot in tandem, it allows for market makers to short and buy spot.
This has been the playbook with Binance and Wintermute all cycle as @martypartymusic points out very often. Short perps while farming fee’s and buy spot (the dip) and come out delta neutral or positive. This is why our cycle has lasted longer and it seems every move in crypto retraces 50% or more.
I have a strong hunch that wallet #2 (soon to be #1) is Wintermute. Their buy sell patterns are extremely calculated and measured as @skibumtrading points out almost as if they are starting to make the market while still accumulating.
The wallet also started to accumulate immediately after Kaspa’s top when Binance listed Kaspa perps.
Here’s the good news 2 parts:
1. There should be a Binance spot listing soon not that Wintermute had created a mini bear market and has been able to accumulate for cheap. They are about to turn into the top wallet and it is all their own funds that were used to accumulate kaspa (over 100musd worth). It’s confirmed that Binance was working with kaspa on wallet integration and are probably waiting to be done accumulating before an announcement.
2. Because Kaspa is fair launch Binance/Wintermute had to accumulate Kaspa on their own dime. It’s there incentive moving into the parabolic phase of the bull market now to send things the other way and re price kaspa much higher. This will allow them to siphon off some of their holding for much more in order to cover their cost basis.
A powerful entity wants to create a bear market to accumulate. Once they accumulate they DO NOT want a bear market.
I think this is the Kaspa bottom and Wintermute/Binance now wants to make fee’s and money from their investment and will send us to Valhalla.
Kaspa is the best asset in crypto, everyone knows it, they are just waiting for a hint of positive PA and there will be enormous FOMO in my opinion as we saw in 2022-2023z
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