We've just put in a significant daily SFP on high volume. 4H shows it's the highest vol since the crash.
Footprints show heavy absorption at the lows, I imagine a lot of stops were hunted.
CT bearish at support calling for H&S breakdown.
i'll take my odds.
$BTC
Seems this was a ByBit liq event:
-1/3 of the mrkts 3.6B in liq's came solely from ByBit's BTC, ETH, XRP contracts
- Other venues BTC,ETH,XRP made up another 1/3
-The rest was scattered throughout the alt complex w/ around 50-70MM liq'd in each
The alt unwind narrative is wrong
It just struck me: in crypto, you can't be an expert on everything. Defi/MEV/Layer 2s/NFTs/core client dev. It's absolutely ridiculous how quickly all of these are evolving.
My small piece of advice: focus on your niche and do your job 😎 Mine is L2s and DX. What's yours?
According to DefiLlama, the total TVL of DeFi has exceeded $200 billion, which has doubled since the end of June. Ethereum TVL has dropped from 98% in January to 68.5%. The next rankings are BSC, Solana, Terra, Avalanche and Fantom.
Introducing Range, an optimistic stablecoin swap protocol.
(Note: Range is unaudited. Use at your own risk with money you can afford to lose.)
Let's run through what it does 👇🧵