godin

@jedimarkus77 @VolatilityWiz sorry meant from which article ^^

@0xGodin @VolatilityWiz volatilitywiz.substack.com

@VolatilityWiz on the $CBRS IPO

britbongs are eating cthulu glizzys at the footy

@KAIZ3NS Dems winning is bullish, Trump cancelling midterms is the black swan

Hearing a few whispers that people think we’re close to the bottom without another FTX event happening. People forget that in the summer of 2022, BTC was trading at $20k even before the FTX collapse. What caused us to trade at $20k in the summer of 2022? A few things: firstly the LUNA collapse, secondly the 3AC blowup, and thirdly the Celsius collapse. I could see something similar to this playing out in the summer of 2026 with DATs. Many will have to unwind, I’m talking hundreds and it’s only getting started. Lastly, I don’t think we get another FTX-style event again. However, for this bear market, you could treat midterms as that event. BTC only dropped $4-5k when FTX collapsed. You could see something similar play out if the dems win the midterms.

@0xShual There is not robotics meta, i love you

chart is breaking my heart but it's probs the only token I don't mind holding to zero (not far from current levels) in case we see a robotics meta, in which case this can easily 20x from here

@robdogeth @deepcryptodive mfONE Midas

@deepcryptodive Wow! Which vault is that?

When a 9-figure vault’s NAV chart suddenly takes the elevator down 👀 Private credit yield is great… until it's not. A $3M haircut and the timeline hasn’t noticed yet. This is why diligence and monitoring matter

@BambouClub 😂😂😂

@ZeMariaMacedo @0xLouisT You get ADL'd by position size queue not leverage, of course you could hedge by selling the spot long leg but execution was tough during those conditions

@0xLouisT Delta neutral stablecoins are short the perp and don’t use any leverage. They will have benefitted from very negative funding by closing their perps in profit Not sure how they’d get hurt in this scenario ?

Watch out for exotic stablecoins (aka tokenized market neutral strategies) which haven't communicated yet that they were fine. Some bodies are yet to surface...

Hyperliquid

@cryptamurai wishing the best

Doggo just got out of surgery just fine.. he’s going to remain hospitalized 24-72 hours Now we pray it’s not cancer 🙏🏼 One step at a time 💙

@cryptamurai Would you hold a token which does 0$ buybacks or an analog which does 2-5m daily buy backs

People bullish cause they’re paying tons on fees? Stockholm syndrome 🥸

@0xTiino by being long?

/Anteater_was_right_all_along

@WazzCrypto @0xghostface Yeah as the other guy said, how is this hyperliquid faults?

@0xghostface some people handle the pressure better than others

There is something to be said about trading this kind of size on a public platform and having so many eyes on all your positions at all times. Why is such a successful guy who made 9 Figures on CEXs just last year, suddently trading so obviously on tilt? This is the most bearish HL case IMO. It's about the psychology of trading in the open, not the fundamentals

@cryptamurai How many tokens have the team sold this year?

offffff 500m of $hype unlocks starting in november this year and ending in october 2027. 11.3B total in unlocks... good thing everyone is willing to buy hype rrr...rrr..rrright? 😀

@0xShual short answer: no

Isn't this bearish Ethereum if all the major financial bodies just launch their own chain outside of Ethereum? Doesn't it hurt the whole "the chain for institutions and settlement" narrative?

Still comfortable sitting relatively long here. While things are getting frothier overall, coins don’t look locally/globally topped to me and actually still relatively healthy across the board: - Funding is quite tame (majors 10-15%; HL reset on the downticks this afternoon). There are, of course, a lot more DN funds in the space keeping this in line but that was also true in Dec/Jan, and we got to 40-60+% then. - We’re 11 days into the BTC ATH break, and risk-on seasons typically run at least 4-6 weeks. This is a very weak one so far as we’re consolidating ~5% above the previous ATH level; the 80k OTC whale is mostly to blame for this. - Crypto treasury companies (CTCs/TCs) are still fresh for now and able to launch at decent mNAVs (2-3x). Some older names are compressing closer to 1-1.5x, but until we see a good chunk trade below par and newer launches immediately fail out the gate, the flywheel still has room to spin. - OTHERS nowhere near the Dec/Jan highs and still 15% off from the 24Q1 top. OTHERS/BTC is still at May/April levels from this year. - OTHERS OI still ~4-5% away from flipping BTC's OI. Additionally, once the market fully digests the OTC whale's flow, I expect BTC OI to get added aggressively on a move from mid-110s to 125-130, which should extend this current regime. The typical rolling down the risk curve model is obviously broken--BTC gains don’t translate into ETH/SOL gains. However, I believe that ETH/SOL gains do translate into alt gains, based on the type of participant that holds these in lieu of BTC (whether via ETFs/MSTR). This is starting to play out with OTHERS finally clearing 290-300bn. While we bottomed ~4 weeks ago in OTHERS, we’ve only really broken out of the March - June range on the day of BTC ATH break (July 10). With that said, CTCs have very clearly changed how this breakout is working. Some core differences I have noticed/adjustments I have made: - The CTC bid is price-insensitive, which means traditional support/resistance metrics do not work--see ETH blasting through 3300 and 3550. - CTCs rely on the flywheel of three Vs: Volume, Volatility, and Very-high-mNAV. Only CTCs that can accomplish all 3 are able to make a meaningful impact on the underlying coin. For now, that means only SOL and ETH are biddable in this narrative, with DOGE and XRP plausible contenders. - While some TCs are more traditional (MSTR, 3350) in how they view execution (long-term players looking to maximize BTC/sh), other TCs are more mercenary (exit liquidity for alts, such as the TAO/FET/ENA TCs, possibly even buying locked tokens) or even actively adversarial (h/t Giver on this realization). - Similar to 24Q4, the type of participant making money on this move is in ETFs (ETHA, ETHE) or the TCs (SBET/DFDV). This cohort is not rolling their PNL down the risk curve. However, natives also hold extensive amounts of ETH and SOL. While many CT-adjacent players were late/sidelined to this leg up, as they capitulate, get long, and hopefully ride the rising tide of the CTC bid, once they profit sufficiently, that PNL will come back to alts. IMHO alts will get bid - it will just take more time than longer, which actually extends the length of the cycle. I am long, in roughly decreasing size, ETH, SOL, XRP, PEPE, DOGE, TRUMP.

@urule33 @0xTiino get a load of this guy

strengthening my reply guy status

@ThetaChungus there is no index to make when everything else but BTC is shit (long term)