Del

Time Capitulation => Reaccumulation Expect ATH by EOY

@PunterJeff The bull is measuring the system at one point in time and the bear is measuring its second derivative

Strategy sold 32 Bitcoin last week (~$2.5M) 99.9% of people also missed that they also increased their USD cash reserve by $29 million. (+3.3%) If they increase their cash reserve 3.3% every week, it’d be back at $2.25B by December. In the four trading days last week, $MSTR traded 59.2 million shares. Strategy sold 801,994 (1.35%) These ATM proceeds ATM paid the $STRC dividend + raised the USD cash reserve by 3.3% in a shortened holiday week. Strategy is going to pay the dividends. The balance sheet is arguably more healthy today than in July 2025, when $STRC was launched with a 9% rate. Bunch of koala bears on the feed. Cute, but no real skin in the game. Also bot activity seems incredibly elevated fwiw. Saylor and the Strategy team are preparing to run the largest company on the planet, and Strive is preparing to run alongside them. Digital Credit is the biggest idea in finance. Cheerio.

ive known many guys who made it but very few who kept it 'making it' is not a permanent state, greed constantly tests you regardless of how much money you have often what happens is people make it by taking on extreme risk and their brain is not wired to immediately cease that risk tolerance or someone makes a lot of money by trading in favourable conditions, they believe they are a genius and when conditions change they lose it all stopping trading after making it is far rarer than continuing because accepting what you have as enough rather than thirsting for more is the final boss

@hidden_whale @Pentosh1 @cuntycakes123 Costco pizza best

Blasphemy. 😈 Lived majority of my life in NYC. The 🍕 there is 🔥 very good. Very iconic. ✅ can’t say same for pizza in rest of the mainland, tho… But, I’ve also been to Napoli 🇮🇹 and Roma, and all over the boot in the motherland. 👢 Neapolitan pizza is the original. D.O.C. Margherita - or the sweet pepperoni if you adventurous. 🧡 👍🏼 💯 can’t go wrong with them. As good or better than any NYC slice. But you gotta be IN Naples to taste what 👁️ mean. Roman pizza is pretty interesting too, with the square slices. I’m a fan of the generally thin crust and wide assortment of fresh Italian soul food toppings. Sicilian pizza - and Chicago deep dish pizza, for that matter… are….. 😅 sorry gang, NOT PIZZA!! Those are like tomato & dough pies. 🥧 🤡 And the best Indian food I’ve had is NOT in 🇺🇸 it is in fact in London 🇬🇧 (but I haven’t been to actual 🇮🇳 yet to compare the originals) Best Thai food has been in 🇹🇭 itself - after that, best was in Australia that I’ve found. And only THEN I would rank NYC… Best Japanese I’ve had (again not yet to 🇯🇵 but outside the nation) was in 🇧🇷 São Paulo is best omakase outside of Japan. Not USA. 😢

being in italy makes me realize how much worse italian pizza is vs. traditional new york style. most the top places are supe basic and floppy.

@beniduboss Dm

*URGENT* Offering a 50k USD finders fee in the crypto of your choice to anybody who: Can put me in contact with liquidity providers or entities that would be able to have access to 20M$ of USDT The Swiss SEC has stupid rules on different asset classes and apparently a commodities trading firm can’t move money on chain to show a simple proof of fund without breaking the law We have access to a massive arbitrage opportunity but we can’t take advantage of it unless we partner with some other entity Important: USDT will remain in the custody of whoever’s it is, we do not need to access it or anything of the sort. The money will stay right where it is and do exactly nothing until the arb is done. There is no risk for them other than the opportunity cost of having to move 20M$ in USDT on a wallet for a few hours and I promise I will make it worthwhile for them We’re in a hurry, because if we don’t grab it soon someone else will, hence willing to give a very generous profit split for whoever will partner with us, believe me they won’t regret it Will share more details to serious enquirers only

im more scared here than aug '24

bybit hack marks the local bottom for BTC unless default actually happens

@hidden_whale @MustStopMurad lmao

@MustStopMurad …. Unless they held LP stakes in a certain fund that you blew up… 😅 Too soon? 😇👉🏼👈🏼 @degendel 👀 🤡

Only Holders Win.

@Tiza4ThePeople Seems like a haircut would have to hit both bad outcomes: (1) unrealized gains in excess of reserve fund and (2) bybit not plugging the hole, which I assume they are incentivized to do given their market share

@degendel The non-transparent thing is how much unrealized PnL is in bybit. Even if they use copper, if they hold unrealized gains in excess of the reserve fund, that would mean a haircut for USDe

By grace of god, Resolv has $0 exposure to ByBit right now. Ethena has $1.33B, which is 22% of total backing. A lot more than than the $60M currently in the reserve fund. ByBit already said they are solvent. We'll have to wait and see.

Appreciate you following the Ethena situation closely. Interesting to see how inefficiently the market was priced. Bybit USDE holders dumped first while liq usdeusdt was fine (few bps off). then susdeusdt dumped as aave lev'd loopers panicked. Nice buying opportunity if you knew from their docs they were using Copper.

@degendel Yeah, they tweeted 2 min before mine Update: Ethena has assets with Copper custody which protects them from insolvency. Only $30m of unrealized PnL is at risk, 50% of reserve fund x.com/Tiza4ThePeople…

same negative news having less of an effect during this bottoming process

repeating tariff talk with price action that slowly inures reminds me of ME fears in '24. after a huge OI cleanse, participants need to lick their wounds before going risk on again. expecting to wait a bit. still believe we are in a honeymoon period with midterms quite far out. pace of trump admin gives the market hopium. but how many more positive catalysts can we get at this pt? still think at least 1 major leg to go, maybe 2

Markets will try to condition you to take more risk as the bull market progresses. Train your mind to do the opposite or you will lose it to someone who did

@Pentosh1 good post, very true, we will look back on these days with nostalgia one day

whenever people start comparing a drawdown to Covid and write posts urging ppl not to suicide, it’s a long 9 times out of 10 Is what it is

art of the deal

30% chance it's over we likely continue, good spot to bid

HYPE holding strong while memes puking, a good sign

oops

HYPE setup nicely: memes reminding everyone of their downside potential = speculative shift towards value & fundamentals. HYPE emerges as a natural schelling point that has a wide surface for narrative potential, not even contemplating HyperEVM. + PMF and best in-class product execution, just try the product (fundamentals) + Rapidly growing volume and market share capture, see their rapid listing of perps in every meta (fundamentals) + shades of SOL (owning the casino) AF buyback + memecoin like origin with its 0 VC immaculate conception & generous airdrop Only needed to consolidate to shake out short term profit takers. I will sell HYPE when its brand is as globally recognizable to normies as SOL

@HighCoinviction no its not, covid dump -60% down on BTC, not even comparable

That was as insane as March 2020 COVID dump with $2bn liquidated. Meanwhile, tariff scares either get resolved or QE happens soon. Many alts at bear market lows and select alts at the precipice of new highs. We know what happens next.

@dgt10011 good take and ty for the share

This is the only thing you need to read about tariffs to understand Bitcoin for 2025. This is undoubtedly my highest conviction macro trade for the year: Plaza Accord 2.0 is coming. Bookmark this and revisit as the financial war unravels sending Bitcoin violently higher.