The Way of the 🐢

1/ an explainer on asset liability mismatch and why crypto firms are especially susceptible to this phenomenon due to issues around duration matching and risk management tl;dr the finänce explanation for celsius, 3AC, and many others struggling this is a balance sheet ⚖️

Agreed. Posted a similar set of TA here: twitter.com/hackneycrypto/…

Some of these indicators are tracking similar technicals (e.g. moving averages) so some confluence of signals is to be expected, nevertheless we are definitely at levels where historically it has been a good time to buy. Not trading advice.

Finally we have the Fear and Greed Index lookintobitcoin.com/charts/bitcoin… Fear is at 9 which is extreme and not seen since, again, Mar 2020, and before that Dec 2018.

Looking at a few of the top technical indicators for #Bitcoin and many are starting to get into buy territory. Price can, of course, drop further but history tells us that we will see upside from here within time... Thread below 👇

@CapitanKahir @MagUraCrypto Luna Cash and Luna Gold should be fun

Can't wait for Luna classic

@bitcoinarchive @zhusu And this is good news? Retail gets rekt ‘cause of institutional manipulation, then institutions buy the dip

💥BREAKING: Canadian #Bitcoin ETF bought 6.9K #Bitcoin yesterday. The biggest single day purchase since it listed!

@depression2019 3T total market cap

What was the most obvious top signal of this cycle

@loomdart The whole world is a lie. Built by Wall Street and Silicon Valley. Was that not the whole point of crypto and decentralised networks….to rebuild?

ok some legacy companies are either ridiculously undervalued rn or the whole world is a lie

@TheCryptoDog True, true. To live a fulfilling life you need to have purpose and drive. Money is a means to an end but not the goal.

One of the happiest times in my life I lived with a load of debt, no guarantees and nothing but a whole lot of work in front of me. Losing does suck, a lot. It gets better though, mindset adjusts. If you look you will find happiness far greater outside the money game.

If you don’t need the cash then don’t sell now. For every seller there is a buyer. Money is flowing from weak hands. Kings are being made. Don’t be the jester #BTC #BitcoinCrash #staystrong

@cryptomocho Yeah also feeling the same way. ‘Cause your belief of recovery increases

2014 2018/2019 felt way different than 2022 bear market maybe is the time here that we become mor0e an more risk tolerate fell good tbh no want to be insensible to the many losses as i also down some $ but is jsut my way to explaing how i feel gm #lfg

GM. So much negativity out there in crypto Twitter. Gonna spread a little love. One #STEPN activation code available. DM me if you need one. Will pick a random winner later today. Good luck 🙏

@santisiri Wow

twitter is still the best source for knowledge out there if you know how to use it.

@avocadopassion Wait to it drops to $30 or lower……?

What will you do? Choose wisely! #AVAX $AVAX

@crypto_seer @FatihSK87 That’s crazy but so is tech. NFLX down 75% but still up 30x from lows…

Terra Luna down 95% from the highs and still up 18x from the lows. That's crypto for you. Extremely sorry for all of you who lost their life savings on this. Stay strong fam. The sun will shine again.