FinTwit can be a great source of information and idea, but also a place where nonsense abounds.
If you run $1 billion notional long Dec2023 Eurodollar futures and $1 billion notional short Dec2023 Eurodollar futures, are you running “2 biLLiOn in dErivaTIves RisK”?
No.
You can see, it's really during the downturns where Bitcoin stands out and proves its unique value vs. other crypto currencies.
Ethereum is down 63% from its highs, but Bitcoin is only down 56%
It is hard to explain how touching today was when I turned on the tv and saw all the red shirts. To every golfer and every fan, you are truly helping me get through this tough time.
When LTCM was in trouble professional sharks appeared on the other side of trades: "smelling the blood in the water” they pressed trades against LTCM. When the forensics are done on GME, professional shark bites will be found. This isn't all retail. https://t.co/Db3CmCf3aK