The cost to be long is now neutral across the board and our coins are still looking good, Before the liq run, funding was starting to overheat. Coins are going from the weak, to the strong. Risk on.

The gold pump is about to bring in the most absurd amount of money into crypto Gold is dumping in sync with BTC, so where are they going to go? Eth Goldbugs will pump Eth going forward

The best part about crypto is how often we get events in beautiful locations where everyone shows up. I'm in Lugano with Thalex for the Plan B conference, if you're here and want to meet up, DM me

Had a great time in Lugano meeting a bunch of you guys and making some new friends. ETH and BTC in a multi week dalai lama, ES gapping up, FOMC on Wednesday. Position accordingly.

In Bali through November. Always down to talk markets, market making or just crypto. DMs open

Gm from Bali We're nuking hard but remember the number one rule: No crying in the casino

For anyone keeping track, market has been down only since i arrived in Bali. You best believe that we're gonna bounce the moment my plane lands in Europe next week

Long and scared

This liq chart needs a breakout. It's time everyone to larp about FOMC, same here. Imo we seeing hedging on empty orderbooks before, any result that isn’t worse case scenario and we moon. Watch out for the classic fakeout, but remember, fakeouts give the best entries innit.

BTC 3 month basis sitting at 4%. This is the premium traders pay to be long via futures vs spot. High basis = everyone wants leverage long. Low basis = no one's paying up. We spiked to 30%+ pre-ETF approval, 15-20% during the Trump pump. Now? Quietest since the 2022 bear.

Pretty sure we’re close to a bottom and sentiment hasn’t caught up. People talking like we just nuked 10% over the weekend when BTC only dropped around -3%. Skew is drifting up, making me think the options market is positioning to go higher since skew has been the best

So basis at 4%, OI been grinded to death and funding is flat. Everyone's scared of BoJ and more Fed hawkishness IMO this is what macro accumulation looks like. Not saying we can't go lower, but the setup is cleaner than it's been in months

Lesson in there guys

Look guys, we bounced against NQ and ES and macro support, while the narrative you hear is the exact opposite everyday on this app. We pump on news of Trump stealing world leaders, just like pre 2020 BTC. I’m not gonna overcomplicate this. Long your longs, no deadcat.

Oh no we nuked to 93k! How about grab your nuts and buy the dip?