A whale has been very good at shorting $BTC during recent price drops, with an unrealized profit of over $7.5M!
On Feb 22, he shorted $BTC at ~$96,500, and within a week, $BTC plummeted below $80,000.
He closed his short position near the bottom at ~$78,900 with perfect timing.
Due to Trump's executive order, $BTC soared past $94,000, and he precisely re-entered a short position at the peak of ~$94,424.
What’s his next move?
He has now set additional short positions at $92,449 - $92,636 and placed limit orders to take profit between $70,475 - $74,192.
Address: https://t.co/meH4eFtD8I
1000x
> Avi and Jonah affiliated. Credible leaders with reputations to lose
> So far so good product. Improving
> Bloomberg terminal for crypto could achieve real PMF.
Institutional capital needs institutional type tools. Analyst ready products.
Might buy some more
FWOG
“More than a meme”
> big community
> lots of IP (and growing) - USP?
> If Solana/morale reverses, it could be a winner if we move out of cesspit trenches into higher conviction plays
Solana
> A high throughout chain with sufficient liquidity and user activity to launch mass market products
> DePIN, AI, DeFi all achieved some traction.
> I had high conviction, but now wavering, mostly BTC. Awaiting more fallout.
> FTX PTSD - how deep is the rot?
Things I still believe in:
BTC super cycle, alts cycle.
Institution flows, hedge against debasement, globally recognised SoV.
> should at least stop the bottom falling out of this cycle (although getting pretty close)
> this grind up may yet break the 4-year cycle
Plan was to use this account as a place to crystallise a thesis, put it somewhere visible (to me at least), and then iterate / journal. In reality I’ve gone defensive and broken from wtv I thought was the plan