"Buy when there's blood in the streets, even if the blood is your own"
At the lows, people want lower. At the highs, people want higher.
Stop being retail... $BTC
This is a cool dashboard: historical and realtime liquidity comparisons across venues. Hyperliquid is not only the most liquid venue for major crypto and RWA perps, it's more liquid by an *order of magnitude* for some of them like the S&P500.
Thanks to the ASXN team for building this!
read a great book by weijian shan. there’s a lot of randomness in life. you can’t control when history opens a door. all you can do is be ready when it does, and still be able to walk through it.
1/ Still think $BTC is sitting on somewhat shaky legs here.
Participation and demand continue to look pretty thin.
A few datapoints I’m watching, and what I’d like to see turn around for a sustainable recovery 🧵👇
What supports Zcash when the asset generates no cash flow?
Zcash’s rally has been supported by a steady decline in tradable supply. Users move ZEC into the shielded pool to hold private balances, and those coins tend to stay there.
The share of circulating ZEC in the shielded pool rose from roughly 8% in early 2024 to about 30% by May 2026. Zcash was also drawing interest from larger investors. Nasdaq-listed Cypherpunk targeted 5% of the supply while Grayscale filed for a US Zcash ETP.
That support depends on confidence in the shielded pool.
Despite being on the precipice of growing into a crypto “major”, $HYPE is still quite illiquid with very few holders relative to BTC SOL ETH.
If you’re in this thing, either bet on the multi-year vision and ride the volatility or become an expert at trading these short term swings.
Otherwise you’re going to torture yourself to death trying to micro-explain every single weekly candle.
In the coming years we are going to see this token distribute across all of wall street. I have seen nothing to suggest we are off that track.
Three-month futures basis has paid less than a 2-year Treasury since February.
Only one other stretch on record has run this long: August 2022 into January 2023. It ended at the cycle low.
This also directly impacts depth and volumes across the market.
https://t.co/sztu3uB1eh