Credd

Trader. @Roundupcrypto

[Cred @CryptoCred]

Stablecoin report was better than expected.

Longed USDC and USDT, first resistance at $1.50.

[Cred @CryptoCred]

Join me, as we pretend everything is fine.

1800 UTC.
https://t.co/WjpydZmZB3

[Cred @CryptoCred]

Bunch of the majors broke out, retested, and are just below all-time highs.

Some sharp buybacks on intraday dumps too.

Expecting continuation, but gonna give it this week at most.

If that’s not good enough to go up, will have to find buyers lower/God help us.

[Cred @CryptoCred]

$SHIB will continue to go up, until you buy it.

[Cred @CryptoCred]

$SHIB flips Doge, trades more volume than the majors, and crashes Coinbase (while it’s #1 app on the App Store w/ SHIB in the title).

I think being a fresh buyer in those conditions works maybe 1% of the time.

No position, just coping about dog money sucking the air out.

[Cred @CryptoCred]

Read this week's newsletter.

Wrote about the orange coin, the world supercomputer, and the Sauna blockchain.

Also looked at the current state of the futures market.

Sign-up to get it early (free, forever): https://t.co/lNms3kCbB0

Read: https://t.co/jjMfYFdoeD

[Cred @CryptoCred]

DonAlt met a nice girl in Dubai.

Going to ask him how much it cost.

Oh, and we’ll cover markets as well.

https://t.co/9IUEWgJnnp

[Cred @CryptoCred]

Lots of discussion as to whether leverage is a net positive in crypto.

Let’s be objective about this.

Leverage is good if I make money when I’m gambling.

Leverage is bad if I lose money when I’m gambling.

[Cred @CryptoCred]

Thanks for listening to me talk into my phone about futures for 50 minutes.

Full notes available below:

https://t.co/YuZ7C1Jqgc

[Cred @CryptoCred]

Thanks to everyone that reached out about a recording.

Not sure how to set that up, but instead I’ll make my set of notes (5 pages or so) freely available at the end of the session.

They’ll be a bit ragged / less refined than my usual stuff, but will have all the content.

[Cred @CryptoCred]

This evening’s session will offer an introduction to funding rates & open interest.

Aimed at beginners, but should be a decent refresher for practitioners.

I’m too intellectually decrepit to write anything, so talking into my phone will have to suffice.
https://t.co/RD3Cwqj9LZ

[Cred @CryptoCred]

Very close to entering the dystopian part of the market cycle where you open Twitter and feel bad for not making as much money as someone else, while still printing yearly salaries doing nothing

Epitome of first world problems

[Cred @CryptoCred]

On a more serious note:

Remember that your job is to do what’s +EV *now*.

Don’t let your present decision-making process be burdened by your past mistakes.

[Cred @CryptoCred]

I cant wait to make the same mistakes all over again.

[Cred @CryptoCred]

Trading the $20k breakout was annoying.

Every time we'd come close, the market was so aggressively long perps that we'd spike and drop.

Think I attended 3 all-time high watch parties that kept getting stuck in the $19000s.

Can we skip the theatre this time and just go up?

[intern @intern]

Intern notes on @CryptoCred’s “ETF & Chill” Twitter spaces with Dan Matuszewski (@cmsholdings) on:

- Bitcoin ETF 📈
- CMS risk 🪣
- Tungsten Cubes ◻️

And more!

*Skip to last screenshot for those solely interested in the cubes

[James Seyffart @JSeyff]

There it is! Bloomberg's data team in the process of adding the ProShares Bitcoin Strategy ETF to the terminal. Ticker will be $BITO. 95 bps -- less than half $GBTC's 2% fee. This thing is going live next week. Either Monday or Tuesday.

[Cred @CryptoCred]

Going to be chatting to Dan from CMS (@cmsholdings) tomorrow.

Dan is Supreme Leader of massively successful crypto fund, CMS Holdings.

He will undoubtedly be telling us what buttons to press, and in what order, to become rich.

1000 EST / 1400 UTC.

https://t.co/ID9Fk0lvNM

[Cred @CryptoCred]

Let's be frank: most of us don't know and don't care to know anything about ETFs.

We just hope smart, rich people keep bidding $BTC and the good news keeps rolling.

There, I said the quiet part out loud.

[Cred @CryptoCred]

Gensler spoke positively about a futures-based $BTC ETF.

The first decision is on ProShares' application, which is not futures-based.

Next is Valkyrie, which is futures-based.

Non-trivial chance of denial doom into approval moon.

Am I missing something?

H/t @ledgerstatus