MULTI/DEX — the world's most advanced DeFi — will be released in game mode later this week, together with source code for ICP community eval. Players to get $100k dummy assets to compete. Will be offered to the NNS for autonomous/ownerless execution. *True* DeFi that mimics CEXs.
You can pump a $50M coin to $1B with $1.5M of real buying.
Scott Phillips (@ScottPh77711570) on how new token listings actually work:
"There's a huge industry of market makers operating out of Dubai. Their business model is: we're gonna pump your coin, and we want 30% of the profit when we dump it on exit liquidity day."
"They run the ball up. Buy, sell, buy. Create momentum ignition. Retail finally buys in the middle of a bull run — and then it dumps."
"Buying 20-day highs works best on the top decile. By the fourth decile, you get negative momentum effects."
"Anything in the bottom 20% of market cap on Binance perps that makes a 20-day high — short it. That is a very strong edge."
"The market maker contract runs 90 days. It's priced as a call option on the 7-day VWAP after launch."
"Once the strike kicks in, delta hedging from market makers drives these coins down."
"Wait 7 days. Short it for 90 days. I kid you not."
"That's not an edge big enough for institutional. That's an edge for retail guys with a small account."
October and November are usually the best months for crypto.
The US and China are cutting rates hard.
Trump’s team is backing crypto big.
Retail traders are slowly coming back.
Uptober is here, and the setup looks perfect for a strong Q4.
$apt #Aptos seems unbothered by this week's market sentiment and remains among the most resilient cryptos. Let's also remember what it loves to do at the start of each year 🟩
$sei @SeiNetwork beautiful weekly wick to take the stops outs. The more aggressive market makers are at hunting your stops, the wilder reversal usually gets.
$sei (aka new #Solana) back at 2023 levels even after year of development & proven network reliability. It seems that a very serious catalyst would be needed for further downside @SeiNetwork
$wld @worldnetwork reversing nicely indicating that a potential bottom is already in. Always remember that market makers will invalidate prior support levels.
$WLD has been in a sustained downtrend, with lower highs and lower lows forming consistently on daily charts. Support near $0.80–$0.85 (where buyers have historically stepped in). Resistance around $1.00 (previous short-term floor that turned into resistance).
The "ETH 50x Big Guy" has $BTC short position with 40x leverage, valued at $333.9M. Currently, there's a floating loss of over $1M.
Entry Price: $84,040.8
$BTC Amount: 3,960.83
Liquidation Price: $85,126
https://t.co/R98Q7pQPjr
Bear trap went lower than expected, but the local bottom should be in or very close.
A strong relief bounce is likely over the next few days, with altcoins expected to outperform Bitcoin.
$sei (aka new #Solana) back at 2023 levels even after year of development & proven network reliability. It seems that a very serious catalyst would be needed for further downside @SeiNetwork
$aleo @AleoHQ one of the most fascinating charts I've seen in my 10 years of crypto (of a proper project). Something that reminds me of $icp. Could be an interesting #YOLO
$SPX6900 looks hopeless on a longer time frame, although hourly chart shows early indications of "three dives" reversal pattern. Could materialise only with broader tech recovery.
$apt #Aptos seems unbothered by this week's market sentiment and remains among the most resilient cryptos. Let's also remember what it loves to do at the start of each year 🟩