ThatCryptoGuy

Home builder🏠, market junkie🏛️, crypto investor📈. Using market data/technical analysis to assess trends. Nothing I post is financial advice. It’s my opinion.

[ThatCryptoGuy @ProofOfMacro]

$QNT funding at -.035 now…

-0.35…

That means every day, if someone wants to stay in a QNT short, they’re paying 1.05% to stay in it.

Most of these shorts were entered between the $260-$280 range. So right now, they’re mostly fine, sitting in profit having only paid maybe a small portion of their proceeds in funding.

But mark my words. If price sits here for a while, or turns back up toward $260-$280, the shorts are in trouble. And as price climbs through that zone, if OI turns down, shorts are buying back, not because they want to, but they have to.

That’s right. Liquidation.

And that my friends, would be the sure sign of a short squeeze, with a HELL OF A LOT of fuel ⛽️ 🚀

[ThatCryptoGuy @ProofOfMacro]

Omfg…

$QNT is at -0.3 funding. That’s absolutely mind boggling…

If spot CVD turns up, and price gets back into that $260-$280 range, that could trigger an absolutely INSANE and SUPER AGGRESSIVE short squeeze.

Shorts are paying up heavily right now and it’s eating their profits… as an example, a 10x short on 8H payments has like 2-4 days until they get liquidated from funding payments alone. Unless the tide turns for them soon and they can cover in profit, a REAL God candle could be next.

[ThatCryptoGuy @ProofOfMacro]

@DonAlt

[ThatCryptoGuy @ProofOfMacro]

@Daime_CS Funding has almost doubled negative since you posted this. Absolutely wild…

[ThatCryptoGuy @ProofOfMacro]

$GEOD order books like pretty thin up past .3136 on Coinbase… all the way up to almost .32c.

Reaching what appears to be a major resistance line around that area as well on the 4H/1H chart.

Historically whales appear to have stepped in over time and cause price squeezes periodically. Is another one due?

This could get interesting 👀

[ThatCryptoGuy @ProofOfMacro]

Omfg…

$QNT is at -0.3 funding. That’s absolutely mind boggling…

If spot CVD turns up, and price gets back into that $260-$280 range, that could trigger an absolutely INSANE and SUPER AGGRESSIVE short squeeze.

Shorts are paying up heavily right now and it’s eating their profits… as an example, a 10x short on 8H payments has like 2-4 days until they get liquidated from funding payments alone. Unless the tide turns for them soon and they can cover in profit, a REAL God candle could be next.

[ThatCryptoGuy @ProofOfMacro]

$QNT looks like it wants another leg up.

This is insane. After a dip twice back down to the $230 range, QNT has held up extremely well. Spot buying aggression (below price) is basically running sideways while futures CVD (below spot CVD) is starting to aggressively sell again.

The kicker? Funding is deeply… deeply negative, and OI is holding up.

Shorts are in heavy now and paying a lot to stick around. If price breaks down from here, they made the right call. But if price starts to rocket again, another squeeze is on, and that’s a lot…

A lot…

Of fuel. QNT to $500?!

[ThatCryptoGuy @ProofOfMacro]

@GlobalMktObserv Heads up your math on the 2.01M oz doesn’t add up properly. That would make spot $298. May need to adjust. Good post though!

[ThatCryptoGuy @ProofOfMacro]

@buddy6buddy @KobeissiLetter Is it though? Or are they just changing the way we measure it 😬

[ThatCryptoGuy @ProofOfMacro]

@Barchart Yet somehow gas just dropped .20c/gal at my local station. I’m sure it’s not manipulation. Nothing to worry about…

[ThatCryptoGuy @ProofOfMacro]

@Barchart Why not just make them more expensive? We can inflate the debt away with no consequences right? … right?!

[ThatCryptoGuy @ProofOfMacro]

When corporations have super low interest while the government has to fork up more and more, rate hikes don’t matter as much. Corporations already locked in the cheap lending.

So Warsh hiking rates just means the gov is shooting themselves in the foot. May not slow the economy like they’re hoping it will.

Wild times…

[Lyn Alden @LynAldenContact]

If you want fiscal dominance in a chart, here it is.

[ThatCryptoGuy @ProofOfMacro]

@natebridges51 I mean I guess my point is… that’s why it makes sense! XRP can follow general crypto flows mostly while a brand new ETF sees institutional (and retail) inflows!

[ThatCryptoGuy @ProofOfMacro]

$QNT looks like it wants another leg up.

This is insane. After a dip twice back down to the $230 range, QNT has held up extremely well. Spot buying aggression (below price) is basically running sideways while futures CVD (below spot CVD) is starting to aggressively sell again.

The kicker? Funding is deeply… deeply negative, and OI is holding up.

Shorts are in heavy now and paying a lot to stick around. If price breaks down from here, they made the right call. But if price starts to rocket again, another squeeze is on, and that’s a lot…

A lot…

Of fuel. QNT to $500?!

[ThatCryptoGuy @ProofOfMacro]

@zerohedge Stfu no one tell him.

[ThatCryptoGuy @ProofOfMacro]

@GrantCardone The last time Bitcoin was this high was earlier this year and it crashed from there. Same thing happened at $88K, $89K, $90K, and so on.

Really insightful.

[ThatCryptoGuy @ProofOfMacro]

@saylor @Strategy What happens to financial engineering when bitcoin goes back down? Explain how that will affect volatility.

[ThatCryptoGuy @ProofOfMacro]

@coinglass_com Are you feeling nervous? Are you having fun?

[ThatCryptoGuy @ProofOfMacro]

@benjamincowen Offering free money to Americans but he can even keep the chips and salsa free. Damnit Trump.

[ThatCryptoGuy @ProofOfMacro]

@BitcoinTeacher_ Large labor news drop, repositioning for the weekend as longs are flushed from PCE/unemployment build up, then ride into a low liquidity weekend.

Makes sense to me.