DGMD.6529

Finding Signals in the Noise | Never Financial Advice |

[DGMD.6529 @DGMD22]

So coinbase and robinhood both crashed when SPCX went live?

But hyperliquid did not?

Any valuation of hl less than these two seems free.

[DGMD.6529 @DGMD22]

Can I interest anyone in 'hyperliquid protocol trading'

We sound so official don't we? 😂

[obese.potato.hl🥔 @Obesepotato_hl]

HYPERLIQUID PROTOCOL TRADING

[DGMD.6529 @DGMD22]

This is a really hypothetical post, but it's just my gut instinct. Feels like if SPCX settles in a $145-175 range after first few days of trading, it is a goldilocks area for crypto and undervalued risk assets to look even more attractive.

SPCX < $145 and it's underwhelming, people get scared the economy is just weak to not generate more hype than that after all this.

SPCX >$175 and IPO buyers become euphoric. And people start hording cash months ahead of time to participate in Anthropic, OpenAI, expecting another big payout.

SPCX $145-175 - Meh. IPO buyers did well. Valuation is high but reasonable given all the hype. Selling risk assets like Bitcoin that is down 50% to buy something that made 20% from IPO feels ok.. but not stellar and not worth the r:r if Bitcoin runs or SPCX dumps from insider sells.

[DGMD.6529 @DGMD22]

I give it about an hour of SPCX being live before the risk asset traders are like 'Ok well, that was fun.. what's next?'

[DGMD.6529 @DGMD22]

I've become conflicted on this. I generally think guardrails can provide some type of consumer protection. But I've become jaded the longer I've been around that the old system was just rigged for insiders. A complete swing towards completely open markets has pros/cons but I'm not sure its all bad.

[DGMD.6529 @DGMD22]

No way dude. If it opens at $175, hyperliquid was accurate almost to the dollar regarding opening price.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The SpaceX, $SPCX, IPO is now receiving first indications as the Nasdaq window opens.

Details include:

1. First indications are coming in at $175/share

2. This implies a ~30% jump from the $135/share offer price

3. The IPO has drawn $350 billion in total demand, $250 billion of institutional demand

4. 70% of shares sold to institutions were allocated to long-only investors

5. SpaceX is set to open as the 6th largest public company in the world

Turn on our post notifications at @KobeissiLetter for real time analysis as the SpaceX IPO launches.

[DGMD.6529 @DGMD22]

@tomsegal I mean they were. Which is why 24/7 financial markets are the future. At least gives the common person a way to have transparency and participate in the market, even though they're always manipulated.. that's just finance.

[DGMD.6529 @DGMD22]

STRC and SATA are rapidly returning to par, STRC >$97 SATA >$99. Withstanding a 20k drawdown in BTC and a massive fud wave against Saylor.

I am bullish on digital credit. If these return to par and billions start flowing again buying at these levels for Bitcoin, the bottom is 100% in.

[DGMD.6529 @DGMD22]

SATA/ASST is about to return to par. Now &gt;$99 with daily dividends starting next week. Digital credit revs back up next week. As ETF outflows decrease and institutional capitulation turns back to dip buying.

So many signals that the Bitcoin bottom is in. We'll see if it holds.

[MLM @mlmabc]

Hyperliquid (Tradexyz) traders predicted the exact opening price of SpaceX.

The Hyperliquid SpaceX perp was trading at 171 just 1 minute before they announced the starting price of $171 per share.

https://t.co/qnBciEGvHf

[DGMD.6529 @DGMD22]

Bullish for crypto that the Anthropic and OpenAI IPOs don't have a date set yet. There's gonna be several weeks/months after the SPCX volatility quiets where stocks aren't as exciting and people are looking for a place to bet risk.

[DGMD.6529 @DGMD22]

Will be fun to watch the SPCX ipo, I'm not partaking personally. My observation is 98% of CT expects a pump, then a dump in hours/days. It's so consensus that it's certainly not gonna be what happens.

[DappPunk @dapppunk]

The most valuable brand in crypto is the @goodvibesclub . The big brains at @opensea get it

[DGMD.6529 @DGMD22]

This is it. New bottom signals flash every day. DCAs on. Good times ahead.

[Killa @KillaXBT]

You literally have miners capitulating, a signal that has historically marked the perfect time to accumulate.

There isn't a clearer sign to start accumulating $BTC

[Killa @KillaXBT]

You literally have miners capitulating, a signal that has historically marked the perfect time to accumulate.

There isn't a clearer sign to start accumulating $BTC

[DGMD.6529 @DGMD22]

The world is glued to hyperliquid ahead of the largest IPO ever. Probably nothing.

[DGMD.6529 @DGMD22]

Hyperliquid is about to invalidate the H&amp;S you saw charted 986 times on your timeline yesterday and no one bought the dip

[DGMD.6529 @DGMD22]

SpaceX is IPO'ing at a higher valuation than Bitcoin. I would take the r/r of Bitcoin instead any day. If SpaceX does the crazy things that some of these hyped up long-term predictions are saying, that means the world has changed, and hard money will be extraordinarily valuable.

[DGMD.6529 @DGMD22]

I also think it is important to self-custody and own your own bitcoin. But let's be absolutely REAL here. This is Morgan Stanley talking. They are fud'ing the concepts of SATA/STRC, MSTR/ASST because they are absolutely terrified of the idea of digital credit backed by hard money stealing their business.

Very blatantly obvious. Everyone hates on these vehicles, but big banks have done far worse antics with your fiat for years.

[Alec Bakhouche ₿ @Alec_Bitcoin]

Morgan Stanley exec says to hold Real Bitcoin

"You don't have Bitcoin. You have shares of a Bitcoin ETP that offer you price exposure." - Amy Oldenburg

Price exposure is not Bitcoin. Bitcoin in self-custody is Real Bitcoin.

@natbrunell Podcast CoinStories.

[DGMD.6529 @DGMD22]

Kaleo bull posted every pullback from 125k to 60k and now at the likely bottom has turned into a full bear. These deposits from Blackrock represent the ETF flows from the prior day, it has been this way since ETF inception. We knew what the flows from yesterday were last night. And he is posting fear mongering. Cinema.