Saw a tradfi ETF paying out $0.31 per share
@MalleableGold will pay out in $BTC, $ETH and $SOL
All on-chain, driven by market volatility, with none of the lending risks
There will be no second best (thats the vision)
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Interesting to see that while Bitcoin is down 15% since 10/10, there has been no real capitulation in derivatives since.
This is what kept me from buying the dips, as there is just not enough pain to do so.
While im absolutely not rushing to buy this since the indicators are not showing the capitulation yet, I dont think shorting has good R:R anymore as the price trend is getting quite extended and we also had some strong volumes during the selloff which often signal bit of a mean-reversion.
I would look for either one more aggressive stab under 91k with hopefully some liquidations coming in and basis turning negative, or if shit really hits the fan I would probably bid around 84k since that has good R:R from purely price action pov.
Loaded or unloaded, never point a gun at another person unless it’s an emergency self defense situation.
Every gun store I know would throw you out immediately if you did this at the counter.