Lukas Rath

🌐 Entrepreneur & Investor since '18 ⚡️ Posting about #Crypto, #Investing & #Trading📈 Sharing insights, trades & strategies. Tweets - not financial advice

[Lukas Rath @lukas__rath]

The recent market rally appears to be driven by derivatives and strong spot demand following record $BTC ETF inflows. Breaking the $52K mark highlighted the market's strength, with robust volumes and genuine demand, attracting momentum traders.

Monitoring leverage through open interest and funding rates is critical, as rallies driven by leverage often lead to market corrections due to mass liquidations.

ETF inflows initially fueled the breakout to new highs, which then attracted further demand in both spot and perpetual markets.

However, the high leverage poses a risk of cascading liquidations from any negative news, where even minor events can lead to significant market adjustments due to the leverage at play.

Trade carefully!

#Bitcoin #BitcoinHalving

[owen @owen1v9]

in 2-3 weeks, you'll regret not selling everything at this very moment

in 2-3 months, you'll regret not holding onto it all

up to you what you do with this

[Lukas Rath @lukas__rath]

@cryptomanran I am holding tooker in my photon wallet. Will i get an airdrop as well?

[Lukas Rath @lukas__rath]

Coinbase clearing the way!

[MartyParty @martypartymusic]

Update on @coinbase lawsuit:

Major Breakthrough for US crypto! Court rules crypto not securities on secondary markets.

You will not see this in the MSM.

#Coinbase has attained a significant milestone amid an ongoing lawsuit.
The US Court of Appeals Second Circuit sided with Coinbase.
The court confirmed that secondary sales of crypto by Coinbase do not violate the Securities Exchange Act. 👀

The plaintiffs in the case are plaintiffs Louis Oberlander, Christopher Underwood, and Henry Rodriguez. The lawsuit centered on allegations of violations of federal and state securities laws concerning the trading of specific cryptocurrencies on Coinbase.

The plaintiffs asserted federal claims under Sections 5, 12(a)(1), and 15 of the Securities Act of 1933, as well as Sections 5, 15(a)(1), 20(a), and 29(b) of the Securities Exchange Act of 1934. Additionally, they brought forth state law claims under the securities laws of California, Florida, and New Jersey. These claims were filed on behalf of a nationwide class consisting of individuals.
The affected people include those who bought or sold the tokens on Coinbase’s platforms between October 8, 2019, and the filing of the amended complaint on March 11, 2022.

https://t.co/bLEfdxfCPD

[Lukas Rath @lukas__rath]

@martypartymusic @coinbase Great news! Thanks for your work Marty.

Always ahead of anything relevant

[Lukas Rath @lukas__rath]

Update on the solans network congestion.

Fixes will be rolled out next week

[Anza @anza_xyz]

1/ Timelines and what to expect around what @anza_xyz is doing to address the current network congestion on @Solana in our validator client implementation, Agave.

The short version is: significant progress has been made to overcome the current congestion challenges, and we expect to begin releasing fixes next week. In collaboration with other core contributors, we have analyzed the root cause, and evaluated several potential changes.

[Lukas Rath @lukas__rath]

We’ve been experiencing a period of sideways movement, or consolidation, for some time now. This essentially means we’re gathering strength for the next significant move. We’ve seen a somewhat extended correction phase, and I had thought we might dip back down to the 59-60k mark.

However, we have, SO FAR, avoided such a dip. Still, I wouldn’t rule out the possibility of us dropping back to the 60k level at some point.

I took the opportunity to buy
again at 64,600.

[Lukas Rath @lukas__rath]

@RunnerXBT 100%

[Lukas Rath @lukas__rath]

@bmunckton @cryptomanran I have the same issue using the OKX Wallet. Anyone solved this?

[Kyledoops @kyledoops]

Check out this chart showing $BTC corrections during bull markets.

On average, drawdowns hit 15%. A drop to $62,500 would be ideal.

A 30% drawdown from the peak could lead to $51,500, a perfect time to stack up on BTC.

[Lukas Rath @lukas__rath]

WIF on the Sphere, Uber drivers trading normally signal a top.

But the charts and fundamentals look just tooooo good! Totally agree with Ansem here

[Ansem 🐂🀄️ @blknoiz06]

altbtc pairs look like this and the timeline keeps telling me to watch out for froth

no, no i dont think i will

[Lukas Rath @lukas__rath]

$AVAX & $SOL look great

[Ansem 🐂🀄️ @blknoiz06]

thread on selling parabolic moves / market tops
- ppl have asked me how to sell tops so I'm making this to show some of the things that I look for

[Lukas Rath @lukas__rath]

Here are two ways the market might behave now. I've taken an old picture from the previous thesis to better illustrate the ranges for you.

Back then, I explained to a friend that at the old ATH (the upper purple box), we would see resistance and were highly likely to be rejected, then hit the lower purple box (support zone).

Option 1:

BTC consolidates in the space between the drawn boxes (between $58k - $69k). It will probably approach the old resistance 1-2 more times before making a move to $73k in one go.

Option 2:

We might see a new ATH tomorrow or by Friday at the latest. The reason I think so is that Blackrock alone bought $778 billion in $BTC yesterday.

I've analyzed yesterday's dump and noticed:

Smart money (banks & institutional investors) are buying.

Retail (small investors) are selling.

This is one of the healthiest indicators that we'll see a continuation of the upward movement.

[Lukas Rath @lukas__rath]

The unprecedented interest in the #BTC ETF stems from the fact that this ETF represents the first time an asset with a genuinely scarce and limited supply.

This allows for precise calculation of the asset percentage effectively locked up.

Credits due to @investanswers for this calculation. Visualizing the incoming supply crunch.

[Lukas Rath @lukas__rath]

The last times Coinbase ranked #1 in the App Store, it marked the BTC Top!

Funny indicator but accurate to a week every time!

[VIKTOR @thedefivillain]

A smell of retail rushing back to crypto

[Lukas Rath @lukas__rath]

We can all learn from this tweet

[Dylan LeClair @DylanLeClair]

The smartest hedge fund manager I know is getting outperformed on every timeframe that exists by my dumbest friend that just apes into bitcoin with every paycheck.

Lesson in there.

[Lukas Rath @lukas__rath]

I expect a BTC Supply Crunch (High demand, but limited supply = prices rising sharply)

If the ETF inflows continue like this, we could break the 70k mark in the next 2 months.

[Lukas Rath @lukas__rath]

@tmblvd_ Yes, it’s pretty intuitive

[Lukas Rath @lukas__rath]

I often get asked, "How do I buy cryptocurrency?"

Here's a simple guide for 2024 on buying any crypto easily and cheaply 👀

First, if you like this, please like and retweet! Let's start 👇

[Altcoin Sherpa @AltcoinSherpa]

New shiny ones like $NTRN are going to do way better than the old ones.

A few mantras for this cycle:

-Take out the words 'already pumped/too high' from your framing

-New > old

-Go where the liquidity/volatility goes, don't buy old shitcoins from 2019