Overall from what I can see spot markets for majors are relatively fine
Liquidity is returning more as operations resume
perp markets remain pretty wide, there is more liquidity returning but spreads are still not back to normal
Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
嵐の後
To everyone out there struggling with the markets lately : You’re not alone.
Let’s be honest: trading has been brutally difficult since August. It’s not just you. Many traders I know , experienced ones, successful ones, have taken big losses.
Even I’ve had ideas that didn’t play out as planned and got stopped several times. That’s the reality of the game we’ve chosen.
Markets have seasons. Sometimes they’re smooth and forgiving. Other times they test you and right now, they’re testing all of us.
But remember: setbacks don’t define you. They forge resilience, sharpen discipline, and prepare you for the next wave of opportunity.
If you’re down right now, lift your head. You’re part of a much larger story. One where countless traders are weathering the same storm alongside you. Use this time wisely: focus on strategies outside pure trading, like farming promising projects. Personally, I’m still farming Pacifica (u can find my link to closed beta on my previous posts)
I don’t want to sound alarmist, but things are looking rough and dangerously toppy right now. It’s important to admit that, even though just a week ago everything seemed to be shaping up beautifully for new highs...
Above all, stay strong.
Every market cycle, no matter how dark, eventually gives way to light. And when it does, those who endured and refused to give up are the ones who rise the highest.
Anyway, again, take courage my brother, there is light at the end of this dark tunnel.
Big F.
$BTC
Aggregate knife catching longs margin called here
- stopped out or liquidated
however aggregate spot ask depth below $100M now, initial signs of slowing sell pressure in terms of size
~ sell dominance moving from passive to takers now
bid depth follows after & a consolidation usually, let's see
It's not always like that, but sometimes it's really simple.
Personally, would be carefull now that we've swept those highs, wouldnt hold much more than a moon bag.
$USELESS
@Crypto_Chase YTD, Gold is up 50%, NQ 20% and BTC 30%.
All of them in ATH.
Could it be that maybe BTC move already played out?
Cant deny that GOLD stole our thunder a little bit, maybe we'll be the 1st to cool down and then the 1st to start moving up again in future...
who knows.
Corrected 7% from the highs
Swept Octobers lows
Held support
This is a classic uptrend move.
They are usually your points of entries or opportunities to size up.
Send it higher.
Oh my god. My friend. Open your ear most wide. Japan yield go up very, very bad news. This piece of news mean we all soon go be only fan sIut sell picture of buthole for make money. Why? I explain
> Japan go through deflation for much long time, maybe since 1980s. This mean their price of goods keep go down. Why? Low birth rate.
>If everyone old, no one buy anything. If no one buy, price alway be low.
>Japanese government then say, “okay, we print much money try make price go up”.
>So Japan print much money, and also make interest rate be zero for long time.
> all venture capital and hedge fund borrow Japan money, use for buy America asset
> price for all asset in America go up
> now Japan say “okay nigga, no more cheap money. Pay high yield now”
> now all world hedge fund and private equity must sell asset for pay back borrowed Japan currency
> now all asset price crash. Company no money. Cannot raise capital, must fire people
> you and me must go on onlyfan sell buthole picture for not be starvation
Oh no.
@Pentosh1 Monthly RSI at 85 rn, went as high as 95 on 2021 w/o pullbacks. If that happens again, we could be looking at 1500. Agree tho, pretty overbought and should have a Monthly pullback between here and 1500.