People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
today i finally understood inverse and linear contracts and zscore
things i studied 12 years ago in school through pure regurgitation but never truly understood. ig high school math is actually useful
Rotated some BTC to ZEC. ZEC is now my biggest bag.
My STRC/BTC thesis partially invalidated due to Saylor mismanaging it in my eyes
Just as HYPE is capturing inflows from overvalued L1 tokens like ETH/SOL, ZEC likely sees inflows from BTC as a quantum/privacy/Saylor hedge.
when $BTC and $ETH dump, $SOL dumps with it, $HYPE sometimes dumps but dumps less
once the dumps ends, $HYPE immediately gets bid while others stagger until continuation cuz we're in bear trend
when $BTC, $ETH rips up, $SOL rips but $HYPE rips even harder
once the rip ends, $HYPE often continues to rip while others start to retrace immediately
anything that involves longing $HYPE and shorting another token protects you on dips and you will rip harder on $HYPE where its clear skies above and price discovery (see previous chart on $SOL / $HYPE comparison)
if you are managing the rips and dips then you maximize EV but this requires management or creating a systemic approach
why am I sharing all this? it's not even alpha tbh because it's just so fcken stupidly obvious
and because the more of us take the same trades, the more profitable it will be for all of us
especially the part of SELLING $SOL so we can hasten its breakdown through the volume gap and the stupid amounts of leverage that sits above the price it is trading at
for $HYPE it also accelerates the rate at which shorts/hedges get taken to pound town
I suppose you could call this PVE
we are against all the solami retards and they are our counter-parties, everyone that bagholds down and continues to long the 9 months of dips the token has been on
hyperliquid