sumit.eth

'19 UNC Chapel Hill Alum

[Magus @TraderMagus]

Market Outlook

Stop what you are doing and press like you criminal

Macro: Strong up trend; Fuck you higher end of year

Medium Term: Clear momentum loss, Summer chop/pain increasingly likely

Short Term: Focused on shorting until range low is properly tested, selling into short squeezes

Macro News: Same vibe as 2024/2023 Summer; max fud before fresh fights couple months later

Positioning: Consolidated heavy around BTC(nothing new for my boomer ass)

Seasonality: Remember when CT clowned this shit? brace yourself for the Summer Chop threads & start locking in again mid Q3

Macro:
The macro trend remains strong but we are in later stages now. One more wave to ride then who knows, prob a bear phase

Medium Term:
Building value between 102.6 & 107.8k
Shorting any large short squeezes until we test range low where I will look for deadcat bounce long

Liquidity:
Books are pretty thin above so short squeezes are def in the cards with this low vol. Good chance to fade

Bids below looking juicy for a test and bounce

TPO:
Building value between 104 & 105k

Expecting more low vol. chop until we squeeze up or test bids below

Closing Thoughts:

Very little has changed for me on the higher timeframe although I'm leaning more and more defense focused ever since ath in May

BTC is trading higher later this year and once BTC stalls out from this move we'll get the alt season CT has waited for

You just need to be around for it my friends

I wish someone made threads like this in my early days, that's why I make these for you

If you enjoyed throw a like & rt

Thanks friends

[Ebron85 @Ebron85]

Just found a legend @sumit_eth 🤞🏾 #GDTBATH

[TheBillRussell @RealBillRussell]

An announcement…

[Loopify 🧙‍♂️ @Loopify]

Epic Games allowing blockchain games on their platform and not banning them like Steam is massive for the Web3 industry.

It will make adoption much easier. Big props to them.

[GordonGoner (Wylie Aronow) 🍌 @GordonGoner]

Excited for tomorrow.

The First Trip Tech Demo is the first of many demo events we’ll share with the community as we co-develop the Otherside platform together. 🧵

[Wall Street Memes @wallstmemes]

Investors in 2022 be like

[DFarmer @OGDfarmer]

Not sure who still needs to hear it, but CeFi is NOT crypto. All of these blowups come from a bunch of morons transferring legacy structures to crypto. For a fucking 20%…
Back when I started, we called that slippage ffs 🫡

As the market is looking for narratives, I think

[Othersidemeta @OthersideMeta]

Calling all Voyagers! Are you free for the First Trip on July 16th? Head to the official Otherside discord to answer a 2-question survey to help us with the headcount. Excited for you to explore, give feedback, and help us make the Otherside everything you want it to be.

[fauxcondor.eth 🦅 @fauxcondor]

How it started // How its going

@ryder_ripps = 💩

[Domain Shane | Winterline @cultra]

Peanuts. I bought a monkey jpeg from @BoredApeYC for $1500 got a free dog that sold for $20K , a mutant that sold for $84K, airdropped $130K in coin that I sold and yield farm for 30% , a piece of land worth $20K plus and still have the ape.

[Nik Elsnik @nikelsnik]

I got bored today and decided to build https://t.co/0REz53JECc

You can now combine your BAYC/MAYC with your Koda companion!

***A wallet connection is not required!

Credits to @BalouBAYC for the idea.

[kmoney @kmoney]

pov: you want to shame people who don’t have a pfp worth $100k+

[Erick 🦦🫟 @EB7]

Today a BAYC member made a comment that if your pfp isnt worth $100k your opinion doesnt matter.

Let me make one thing clear, ive seen some of the worst takes and come from high priced pfps

a $100k+ pfp shows your money, it doesnt make you more valid or smarter. every1 is equal

[Cirrus @CirrusNFT]

mfer really tweeted this garbage at my girl and proceeded to self implode on twitter.

Im not one to celebrate people getting cancelled but Im glad this clown got exposed.

gn and good riddance

[shamdoo @TheShamdoo]

This tweet has been deleted 🫡

[Quit @0xQuit]

How to destroy your credibility in 242 characters:

[Lyfe @lyfeai]

@Eljaboom Whatever you and @steveaoki don’t buy!

[Othersidemeta @OthersideMeta]

And here’s a sneak peak of the First Trip, the tech demo from @Improbableio. Can’t wait to share the experience with you.

[Captain Trippy @CapetainTrippy]

@lior_eth Things were not perfect yesterday but scrolling through twitter it’s most of the same Apes that always complain the loudest. Cooler heads will prevail and I am confident @yugalabs will do their best to make things right. I do have confidence in @CryptoGarga @GordonGoner, etc.