William Purdy

Last few times SPY made a new high while on-balance-volume did not

@centrifuge very cool

Centrifuge v3.2 introduces the Onchain Portfolio Manager. An onchain execution engine for managers running multi-asset portfolio vaults across real-world assets and DeFi. Multi-step operations like swaps, bridging, deposits, and leveraged looping, all executed as single transactions. Unified NAV accounting across every position, including assets in transit between chains. v3.1 gave builders onchain automated accounting, modular infrastructure, and multichain distribution across 10 chains. v3.2 completes the stack with active portfolio management. Centrifuge now covers the full lifecycle of institutional assets: issuance, pricing, distribution, and operations across any of 10 supported chains. One set of audited rails, already securing over $1.9B in onchain capital.

“RWAs are a natural expansion for us because that’s where both the liquidity and institutional capital are moving,” said William Purdy, director of business development at Monarq Asset Management. - via @Bloomberg bloomberg.com/news/articles/…

@MichaelPBento Accurate

March 2022 vs April 2026 Notice anything familiar? In 2022 after the initial breakdown of the 200DMA, the retest that cracked above it terminated the day after the 10DMA crossed back above the 200DMA. As long as we don't drop below 670 tomorrow, we will get the 10DMA crossing back above the 200DMA In 2022 that 11% rally was just as swift and steep as this one, everyone thought it was over and new ATH are coming, then we spent the next month going down -17.50%. Tomorrow we get a DeMark 9 Count Sell on the daily, and a 13 count sell on the 4H. RSI on every time frame below the daily is firmly in overbought territory. The call gamma magnet rolled off today. The downtrend is not invalidated unless we go above 693. Oil Shortages are starting to bite. All of these factors are why I still have a bearish outlook, however much I may have "missed" on the way up will be made 4 fold on the next leg down. Recency bias is a killer and everyone these days has the memory of a goldfish. Bottom line is unless we break above 693 I have no reason to be bullish in my 2 month time horizon.

This might be the most important chart nobody is paying attention to right now. S&P 500 on top, yield curve in the middle, Fed Funds rate on the bottom. Nearly 30 years of data. Before every major decline over the last three decades, the same pattern played out. New all-time highs. The yield curve inverts and then un-inverts. The Fed starts cutting rates. The Dot Com bubble. The Great Financial Crisis. The Pandemic. Currently, S&P 500 is near all-time highs. Yield curve recently came out of an incredibly long and deep inversion. Fed cutting rates from the highest level since 2007. I don't pretend to know what's going to happen. I just find interesting patterns in the market. As Mark Twain once said, history doesn't always repeat, but it often rhymes. But if something bigger does play out, we're all going to look back at this chart and wonder how it was so obvious. Then again… I know, I know. "This time is different." It always is, right?

@elenardushenka Us 👋

looking for - on chain vault operators that needs to scale their TVL - systemic funds - tokenized fund managers - otc desks - payment providers ready to deploy this agent/ non agent guardrails for defi

@TradeNeutral Best is ahead for neutral - great transparency. Just a minor setback.

To be blunt, this is a setback for Neutral Trade. But we won't let this stop us from achieving our vision. We’ll continue to push forward to complete our mission in democratizing access to quantitative strategies. While doing so, to further bolster security, we're exploring joining STRIDE. Once finalized, we will update the community! In addition, as further updates are released from Drift, we'll keep our users up-to-date. To all our users, especially those who've been with us the longest and were most affected, thank you for your patience.

It’s been a tough week for Neutral Trade, our users, as well as for us as a team, who personally use our products. While we wait for further updates from Drift to get a complete picture, we’ll provide updates along the way🧵

@gizmothegizzer DeFi didn't suck, v1 sucked. v2 is boring, compliant, and generates lower net on stables than the wild west days. The institutional stack isn't "code is law," it's quant trading strategy risk management on decentralized rails. Different vibes~~~

@Ginzacrypto Bottoms not in till something bigger breaks.

If this is already the crypto bottom, consider what that would imply: - Shortest bear market in history at just over a quarter (~120 days) - The worst-executed DAT in the space (Nakamoto) bought near the absolute top with a ~118k average cost basis, sold only 5% at a 40% loss to stay afloat, and still retains 95% of its Bitcoin holdings - Barely any full wind-downs or complete capitulation across the hundreds of digital asset treasuries that entered in 2025 People want to believe the worst is behind us because price is low but in reality the market has not yet seen meaningful cleansing.

@gizmothegizzer good stuff!

USD* family, working as intended, with a beautiful new user interface We're absorbing $2,947.71 in losses due to the Drift exploit, which was socialized across Project 0, one of the venues we integrate. The impact falls on USD*-J APY, currently showing 0%. This is exactly how the system is designed. Junior tranche absorbs losses first. APY will climb back as yield accumulates over the next week.

@andyyy 💯💯💯

The vault curator and risk manager landscape in DeFi is about to undergo a massive change in terms of players, markets, asset types, credit origination & underwriting, and yields. Vaults are one of the most innovative and exciting parts of the industry rn

Crypto Equities & Volatility Update from Monarq’s Equity Derivatives Desk. A few things stand out right now across $SPX, $BTC, and $IBIT: weekend risk is still being priced aggressively, realized vol is leaking outside traditional market hours, and ETF-related flows are increasingly shaping the surface.

@TradeNeutral @derekneutral Good stuff 👏

You asked, we listened. Cross-Exchange Arb just got another cap raise! We've integrated with an additional trading venue so that the capacity could be increased to $15M 🔥 If you haven't deposited already, this is your chance!

Today, S&P 500 $SPX is set to close negative in first quarter of 2026, a midterm year. Negative Q1s in midterm years have been tough for the rest of the year. Full year was positive 3 of 11 times, and average return was -8.7%. Average price path shows a bottom around day 200.

SPX rallied 2.9% today. This marks the first time in 90 trading days that SPX finished at least 2.85% above the prior close. Historically, these outsized upside shocks have tended to precede higher volatility rather than sustained momentum. Looking back to 2006, similar occurrences have generally been followed by choppier price action and weaker risk‑adjusted returns over the subsequent one to two weeks. What stands out in the data: 1) Near term returns skew negative. Average performance is negative across every horizon from 1 to 10 days, indicating poor follow through after the initial surge. 2) Weakness tends to deepen with time. Drawdowns are modest early but deteriorate meaningfully after Day 4, with the Days 6-8 window showing the worst combination of win rate and average return. 3) Volatility increases with a lag. The largest downside outcomes do not occur immediately; historical worst‑cases widen from single digit declines early on to roughly ‑20% or more within two weeks. 4) Upside tails are narrow. Strong positive follow through beyond one week is rare and largely driven by a single historical episode. 5) Even at horizons where outcomes are positive roughly 50% of the time, average returns remain firmly negative, implying losses have historically outweighed gains. Bottom line: Large upside shock days have tended to mark inflection points within downtrends rather than new trend accelerations. Price action becomes choppier and risk skews to the downside. History argues for expecting higher volatility and poorer risk-adjusted returns, not a smooth continuation higher.

@MacroMate8 @TradeNeutral @EmberProtocol @upshift_fi

who are the best vault providers for trading strategies in the space? wanna channel a bunch of aum into solana vaults for tier 1 trading firms need the best vault guys out there

@MacroMate8 #facts

met one of the largest trading firms in nyc after this tweet general feedback is trading firms believe vaults will be the largest aum funnel once bull market is back let me help you

Crypto spent years knocking on TradFi’s door. The door is open now. Day 1 of @blockworksDAS with Leo from @MLTech. Let’s go.

@svershbow Always see him in Central Park 😂 🐚

Today, I met a dog who carries around an emotional support seashell. Apparently he has a box of them at home.