@DefiSquared Expected more from someone I would say is a sophisticated trader. The fees orderly is charging is directed in the maker and taker fees on woofi and logx which are INSANE. Orderly is definitely not the future and HL will stay superior even after their tge
If you haven’t closed your short yet. This is a good time to close it. Roughly $250M worth of BTC has been bought. We probably see a bit more buying and BTC dipping one last time and that is when you want to long.
The perp premium completely gone and leverage so low that hasn't been seen in months.
And the risk of liquidation is only to the upside.
If someone had told me that these would be the pre-announcement conditions, I wouldn't have believed it.
It seems healthy to me.
Bet more.
@chiefingza@ThinkingBitmex Ehm ser blackrock didn’t fill for a ETH spot etf yet they just set up the company for it. It would be good to look in to how long it took Blackrock from setting up the btc spot etf company to filling the btc spot etf.
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Low Timeframe:
Coinbase bidding this like mad atm, Binance spot flat/down, meanwhile perp CVD bleeding down while funding is decreasing.
Translation: Looks like perps shorting into a relentless Coinbase spot bid- may be setting up for a low timeframe squeeze and swipe at the local highs again.