bithedge 🌐

@CryptoEthan @stoicsavage hahahaha yw

@saliencexbt 😉

exchanges are really pivoting hard - out of the last 15 binance listings, 12 are tradfi

@0xAphelion couldn't have done it without you mate

Immensely proud of this. The boys killed it on this. Personally put my soul into this, best thing I've ever designed and built. So many UI things and easter eggs in there too Really hope you like it. oh, and: Hyperliquid. <v>

Trading on Velo is now live. Data, news, and trading at velo.xyz

@cryptobyrde @fuckyourputs

@fuckyourputs Priced in.

Korea to Singapore on economy one-way is $14-17k usd now.

great example of the problem is solana releasing a brand new token specifically for their mobile phone for some reason

nothing new or secret, but actually visualizing altcoin count is pretty incredible supply fatigue (particularly for high fdv coins) really started as a theme in early 2024, but these things of course operate on a lag. total number of listings aside, the *rate* of new listings keeps setting new highs so we have an increasing level of supply and an increasing rate of supply, neither of which are at all tethered to current demand. most analysis on this topic has been about fdv and unlocks (very important), but also important is the raw number of assets as an example: early in the AI cycle there was some coordination in the market around the existing liquid options of FET, AGIX, OCEAN, RNDR. today, the idea of buying a basket of AI coins to actually get exposure to that narrative is almost laughable because the chance that your coin becomes the agreed upon right coin is 1 in 35 and not 1 in 4. most people would resolve in this case to not buy any coin at all we're pretty much 2 years into a buyer's strike on altcoins as a category, and at some point (maybe we're halfway?) the calculus on the additional profit to exchanges a new dime-a-dozen listing brings will turn. we may see *delistings* pick up, and the market can reasonably see periods where broad uptrends exist again simply because we're able to shrink the definition of broad

Everyone's sharing that "Long Degeneracy" article and nominating it for article of the year with 20m views. I just got around to reading it…overall, I get it. It's well written, emotionally resonant, and captures something real about generational anxiety. I like the author, I subscribe to their stuff… talented Quant. But nobody's pushing back, so let me while I watch my kids at the pool. My main pushback is this: the article is a suicide note dressed up as investment advice. I REFUSE to hand my agency to "the house." The moment you accept "the game is rigged so I might as well gamble," you've surrendered. You've quit on the process that actually works because someone convinced you it doesn't. There are no easy buttons. No shortcuts. No magic money options. There is only learning, sacrifice, and continual grit. It tells a generation they're prisoners. Then it sells them a lottery ticket and calls it freedom. Then it tells YOU to invest in the prison. That's not analysis. That's despair with a ticker symbol. The author spends 2000 words empathizing with young people as "prisoners" trapped by a broken economy… then tells you to invest in the platforms extracting fees from their desperation. "Long Coinbase, long DraftKings, long the casinos." Read that again. The thesis is: a generation is so economically desperate they're turning to gambling, most will lose, and YOU should profit by owning the house. You can't weep for the prisoners and then sell shares in the prison. Pick one. 4 points I want to make.... Pushback 1: "Closed" is doing a lot of work The claim that traditional wealth building is "closed, not difficult" is asserted, not proven. The boomer vs millennial wealth stat is misleading… it compares 65 year olds to 35 year olds. Of course boomers hold more wealth. They've been alive longer. Housing is brutal in coastal cities. But median home prices in most US metros are still accessible to dual income households. "Wages up 8% while housing doubled" has no timeframe and cherry picks the comparison. Real wages post 2020 have actually grown. Is it harder than it was? Yes. Is the game "fundamentally broken"? That's a much bigger claim requiring a much longer discussion. Pushback 2: Negative EV doesn't become rational just because you feel stuck The core logical move is: "if you're trapped anyway, a 5% chance of escape beats 100% certainty of stagnation." But gambling doesn't leave you "still stuck." It makes most participants actively worse off. That 5% moonshot comes paired with a 95% chance of losing your savings, your rent money, your runway. The author admits "most people lose" then hand waves it because gamblers "understand the odds." But understanding bad odds while taking them isn't rationality. It's emotional capitulation wearing economic language as a costume. This isn't a generation finding a path out. It's a wealth transfer mechanism moving money FROM desperate young people TO platform operators. Pushback 3: The article accidentally reveals the real problem The author admits social media has "repositioned the zeroth line" so people earning $150k feel poor. Admits the algorithm ensures "you never feel like you've arrived." Admits basic needs are met and there's "cognitive bandwidth" for existential questions. But wait. If the problem is FEELING trapped due to infinite upward comparison rather than BEING trapped… gambling doesn't fix that. You could 10x your net worth and the algorithm will still show you someone richer. The "Maslow trap" section accidentally confesses: this generation isn't imprisoned. They're dissatisfied. These are different problems. Pushback 4: I don’t have enough FAITH to live in a world without God This is the part nobody wants to hear. The entire thesis rests on a materialist assumption: your life's meaning is determined by your net worth, your house, your access to experiences. If you can't get those things, you're "imprisoned." If you can, you're "free." That's spiritual poverty masquerading as economic analysis. Jesus said it plain: "What does it profit a man to gain the whole world and forfeit his soul?" The author's answer is apparently "at least you beat the algorithm." My BIGGEST problem with the article isn't economic. It's theological. It assumes the highest human need is "self actualization" through financial success. That Maslow's hierarchy is the truth about human nature. That if you can't afford the vacation and the house, you're missing what makes life worth living. That's not wisdom. That's the prosperity gospel without the gospel. No thanks. The reason this generation feels trapped isn't because housing costs went up. It's because they've been handed a worldview where meaning comes from consumption, identity comes from status, and hope is a betting slip. When you build your life on that foundation, of course you feel imprisoned. The cell is interior. Real freedom isn't financial. It never was. The peace that passes understanding doesn't require a Polymarket account. Eternity is a LONG time. So what's the alternative? First: Exit the comparison machine. The author correctly identifies social media as manufacturing infinite dissatisfaction. The answer isn't to gamble your way to a moving target. It's to stop letting an algorithm define your "zeroth line." Your reference class should be your actual life, not curated highlights from 8 billion people. Delete the apps. Touch grass. Go to church. Give yourself to something BIGGER than your net worth. Second: Skill acquisition still compounds. The article mocks "getting better at your job" as boomer advice. But the same young people pouring hours into memecoin research could pour those hours into skills that compound. The difference is skills don't have a house edge. Coding, sales, writing, trades… these translate into income whether the market is up or down. AI is changing which skills matter but it's not eliminating the returns to expertise. It's concentrating them. Third: Asymmetric bets exist outside casinos. If you want convexity, build something. Start a business. Create content. Ship a product. The difference between entrepreneurship and gambling is you're building equity in something that can compound, not burning capital on negative EV. Fourth: Anchor your identity somewhere the market can't touch. If your sense of self rises and falls with your portfolio, you're a slave. If your hope depends on a moonshot, you have no hope. The man who knows who he is in Christ doesn't need a 100x to feel like his life matters. He's already free. That's not copium. That's the only foundation that doesn't move. The real trap The article's framing is seductive because it offers absolution. You're not making bad decisions. You're rationally responding to a broken system. The house always wins but at least you're playing. The framing IS the trap. The economy is harder than it was. Housing costs are real. AI anxiety is real. But "harder" isn't "impossible," and the author's solution… becoming a customer of fee extracting platforms or an investor in them… doesn't help the people he claims to sympathize with. It helps the house. Here's what actually works. -Wake up early. Get after it. Be Relentless. -Spend less than you earn. No excuses. -Acquire skills that compound. Every single day. Stack them. -Build things you own. Equity, not lottery tickets. -Get your body right. Discipline starts physical. -Get your soul right with the Lord. My closeness with the Lord has grown MORE in trials and tribulations than any fancy car. -Exit the comparison machine. The algorithm is not your friend. It's your enemy. -Find your people. Real ones. In person. Build a family. Build a group you trust. -Serve something bigger than yourself. -Pray. Not as a last resort. As a first principle. Daily. -The path is painful. The path is boring. The path requires years of work that nobody will clap for. But it's the path that works. The casinos will keep taking their vig. The gurus will keep selling hope. The algorithms will keep showing you what you don't have. Let them. You are not a prisoner. You are not a degenerate. You are not a customer. You are a free human being with a soul that matters and a life to build. So build it through active faith, aggressive patience, and a mindset geared towards eternity and not your bank account.

@joeljohn note you can scroll with arrow keys now, but the mouse needs to have last clicked in the table for it to capture the presses

@bit_hedge you know the cool thing is it loads as fast when i have 16 charts open - in same view only thing i hate is there's no way to change charts directly from keyboard without moving mouse in multi-view

after months of optimizing our 2.3 billion row db, we shipped an upgrade last night instantly bringing average server response time down to 11 milliseconds key spamming through:

@giyuthesword this is just the 'aggregated open interest' and 'aggregated funding rate' indicators here, table columns as shown are default, let me know if you need any help

@maruushae my fav trading book

@bit_hedge Get out of my wall

Ngl i never doing matrice search again without using atlest 4 core, 7k combinaisons over 180 asset is evil

@beniduboss @0xMerp merp's link works i got third generation mini

@0xMerp @bit_hedge @bit_hedge send ref link

These things are insane

@0xAphelion @maruushae

@maruushae always

blablabla we support ecosystem blablabla

@S0vereignBear there's been attempts to explain it over the years, I've never seen a satisfactory one either, although i probably favor a psychological one

@bit_hedge Is there a technical explanation for why the CVD is structurally downward? It's a question I haven't found a satisfactory answer to yet. In my hypothetical answers, I've already included hedges, spread trading, zero-delta funding rates, and option hedging.

@0xMerridew Are you planning to renounce citizenship?

@velo_xyz @exitpumpBTC @LinXBT ^

@exitpumpBTC Sell the lows, then buy the highs.

$BTC Classic move, seen this many times, as I said yday, shorts were aggressive and got absorbed at the low 109ks, after that we had slow grind up with shorts closing and then fresh longs started to ape adding more fuel to the pump.

(note: bottom pic should say 30 week rolling chg rather than 30 day)