Del

just your friendly neighborhood degenerate

[Del @degendel]

Time Capitulation => Reaccumulation

Expect ATH by EOY

[Del @degendel]

@gumsays Loooooool

[Del @degendel]

@gumsays lol

[Del @degendel]

@PunterJeff The bull is measuring the system at one point in time and the bear is measuring its second derivative

[jords @jords]

ive known many guys who made it but very few who kept it

'making it' is not a permanent state, greed constantly tests you regardless of how much money you have

often what happens is people make it by taking on extreme risk and their brain is not wired to immediately cease that risk tolerance

or someone makes a lot of money by trading in favourable conditions, they believe they are a genius and when conditions change they lose it all

stopping trading after making it is far rarer than continuing

because accepting what you have as enough rather than thirsting for more is the final boss

[Del @degendel]

@hidden_whale @Pentosh1 @cuntycakes123 Costco pizza best

[Del @degendel]

@beniduboss Dm

[Del @degendel]

im more scared here than aug '24

[Del @degendel]

bybit hack marks the local bottom for BTC unless default actually happens

[Del @degendel]

@hidden_whale @MustStopMurad lmao

[Del @degendel]

@Tiza4ThePeople Seems like a haircut would have to hit both bad outcomes: (1) unrealized gains in excess of reserve fund and (2) bybit not plugging the hole, which I assume they are incentivized to do given their market share

[Del @degendel]

Appreciate you following the Ethena situation closely. Interesting to see how inefficiently the market was priced.

Bybit USDE holders dumped first while liq usdeusdt was fine (few bps off). then susdeusdt dumped as aave lev'd loopers panicked. Nice buying opportunity if you knew from their docs they were using Copper.

[Del @degendel]

same negative news having less of an effect during this bottoming process

[Del @degendel]

repeating tariff talk with price action that slowly inures reminds me of ME fears in '24. after a huge OI cleanse, participants need to lick their wounds before going risk on again. expecting to wait a bit.

still believe we are in a honeymoon period with midterms quite far out. pace of trump admin gives the market hopium. but how many more positive catalysts can we get at this pt?

still think at least 1 major leg to go, maybe 2

[Del @degendel]

Markets will try to condition you to take more risk as the bull market progresses. Train your mind to do the opposite or you will lose it to someone who did

[Del @degendel]

@Pentosh1 good post, very true, we will look back on these days with nostalgia one day

[Del @degendel]

whenever people start comparing a drawdown to Covid and write posts urging ppl not to suicide, it’s a long 9 times out of 10

Is what it is

[Del @degendel]

30% chance it's over
we likely continue, good spot to bid

[Del @degendel]

art of the deal

[Del @degendel]

HYPE holding strong while memes puking, a good sign

[Del @degendel]

HYPE setup nicely: memes reminding everyone of their downside potential = speculative shift towards value & fundamentals. HYPE emerges as a natural schelling point that has a wide surface for narrative potential, not even contemplating HyperEVM.

+ PMF and best in-class product execution, just try the product (fundamentals)
+ Rapidly growing volume and market share capture, see their rapid listing of perps in every meta (fundamentals)
+ shades of SOL (owning the casino) AF buyback
+ memecoin like origin with its 0 VC immaculate conception & generous airdrop

Only needed to consolidate to shake out short term profit takers.
I will sell HYPE when its brand is as globally recognizable to normies as SOL

[Del @degendel]

oops