Yes $IBIT had an absolutely monster day of $1.3 billion in volume. But the entire #Bitcoin ETF category had its 2nd most traded day ever at $3.2 billion. Only day larger was launch day when they traded $4.6 billion.
This is viewable on the terminal at {G #BI 124517<GO>}
The crypto market is best understood as purely a casino, with the added feature of not only being able to play individual games of chance and skill; but also being able to bet on where the flow of foot traffic is most likely to go.
⚠️ Are Ledger wallets compromised?? ⚠️
@Ledger is under fire for a new account recovery feature that critics are calling a "backdoor" into its hardware wallets.
What's happening? 🧵👇
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I'll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind.
This was a crime plain and simple and I'll put no more wind in this criminals sails:
FTX: Meltdown.
The definitive and chronological thread.
You don’t need to spend $150k plus to learn blockchain development.
Here's a list of 7 Youtube videos that will teach you all you need to know about blockchain development —completely free: 🧵
BOTTOM SIGNAL ROLL CALL:
Pre 3AC-blowup, I asked a bunch of cryptocurrency OGs about how to detect market bottoms.
They came up with 14 bottom signals—and at that point, we had only seen 4.
Where are we today?
There are currently 2 perspectives on #bitcoin:
1. (left) BTC is a bubble, a ponzi that will go to zero
2. (right) BTC is rising exponentially with great volatility
Note that the 2 charts use the exact same data. Perspective matters. #logscale
can't believe I actually looked this up as I'm now realizing that I could have put any numbers up here and no one would have even thought twice about it
Decentralization is not about ruthless self-interest.
It’s about collaboration.
And if we want this industry to continue to thrive, then we’ll need to collaborate with the off-chain world too.
That includes honoring legal agreements with investors
Now on to $GEL and $SPICE..
Running the numbers on Gelato’s $GEL lockdrop to get the $SPICE token (the governance token of @ArrakisFinance), it seems like people are sleeping on some alpha, my best guess is because they don’t understand it.
So, let’s step through this… 🧵
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Outsmart Whales 🐋 & Evade Dumps w/ Alerts 🚨
In this thread 🧵:
- How to set alerts to track any movement of your wallet of interest
- Understanding when to exit your position because a whale might dump on you
With a specific case study
Usually when someone says “ETH is going to $10k!” its driven by:
- Hopes and dreams
- Clickbait
- Or weak logic (“if 1% of the world uses it..”)
But @ryanallis (crypto quant investor) came out w/ a discounted cashflow model that values ETH at $10k TODAY (trading at ~$2.6k)
Ever get tired of seeing sub par quality content on your timeline?
Me too.
The thread below is a list of people I believe to be the best accounts on CT to follow to clean up your TL.
Each post includes a brief intro of them, what they’re known for, & a link to their best tweet
We have a lot in store and even more that we have yet to discover hand-in-hand with our wonderful community.
Here, we’re giving everyone a glimpse behind the curtain, a little sneak peak as we share our challenges and main focus for the year ahead.
🧵
https://t.co/GswRXeIh53