congee

@RunnerXBT all this bs and we're only down 2 .5% from ATH? this thing wants to rip

> "ceasefire" > tradfi rallies +6% in span of 48 hrs > ceasefire broken, very obviously just posturing and yapping > tradfi +0.5% oke

Iran to accept BTC as toll payment -> mid news -> big pump Ceasefire breached -> bad news -> market doesn't care Feels like we're entering a regime where bad news is shrugged off, and any mildly positive news leads to a pump. If I'm wrong, I'll eat shit.

@abetrade @Gravity5ucks doesn't this strategy have a turkey distribution?

@Gravity5ucks sell atm straddle at friday close with sunday morning expiration?

So you finally learned trading is just taking the risks the others don't want. Here you go a strategy. You're welcome.

If you long oil on HL for the funding, price has moved 80 bps less than underlying over 12 hours. In the meantime, you got paid 6.4bps per hour in funding. 6.4*12 = 76.8. @CL207 is right, funding is basically zero. You're just long oil.

@tmnxeq @veH0rny it also cooked on 10/10 and the jan wick so win some lose some

HLP is a $440m honeypot that in normal times has like $100k margin utilization. once a great way to bootstrap liquidity, it long has become obsolete. it's time to sunset it, and with that, to stop internalizing liquidation.

@CL207 why does cat prefer mag7 over qqq for this trade?

cat has tweeted about mag7 hold thesis a lot it does feel like the current conglomerates are better and more diversely invested than past conglomerates, more global, etc anthropic, spacex, are at tremendous valuations now, and guess who their biggest shareholders are

Well if they start dropping bombs again, we'd have to bail.

$ETH I'm ready to be hurt again. 2 week period to run it up to 2.8k

@lazyvillager1 @grok translate this to chumbacore

What I continue to not understand about the bearish discourse around "Iran's leverage" RE: Iran will not play ball, they will continue to amp up & escalate... It seems to me it is much more GTO for Iran to extract a positive interim outcome (lift sanctions, extract tolls) and i) clandestinely re-mine the Strait + ii) build up economic strength (via new empowered tools above) + iii) enrich uranium, once the US leaves? And then just re-visit this again (the Hormuz bottleneck, now proven out as a sample size) in the future when they want a new shiny toy later? The shock to oil supply chain has already been consummated. Every incremental week Iran persists is marginally worse from a EV POV than the week before. Why not make a deal at the final table? Iran has multiple shots on goal here - optically, Iran/Israel twice has had an instance 1x/yr from 2024-26

@btc_charlie i want to lifemax in japan too

Life maxxing around Japan while the market does nothing has never felt so good. What are you all doing atm?

@lBattleRhino ETH is looking horny imo

I just don’t think btc is going to 50k or smth and crypto odds favour the upside rn and we’ve seen some of that strength lately partially due to how raped it has already been Call me crazy but that’s my bet

@ThinkingUSD @WhiteWhaleLabs holy shit

@WhiteWhaleLabs Update?

A Difficult Personal Decision I’ve made the personal decision to step away from trading on HyperLiquid. And I want to stress that word - personal (and difficult). I’m not asking anyone to follow me. I’m simply acting in alignment with where my values have moved. Most of you have watched my thinking evolve over time. That’s what we’re supposed to do as human beings: evolve, refine, shed old frameworks, and build better ones. And look - I know you’re not supposed to develop an emotional attachment to a protocol, but HyperLiquid was different for me. Jeff built something the market desperately needed. He dragged structural fairness into the spotlight and paved the way for a better conversation. He and the HL team deserve their chapter in crypto’s history books. I personally hope they continue to write new ones. But if you’ve followed me for any length of time, you also know I’m an idealist - maybe to a fault - and I can’t turn off the portion of my brain that not only can see things as they currently are but continues to believe in what they should be. 10/10 ripped the mask off the industry for the new folks. Or for those who’ve been around long enough, it simply reminded us how fragile and easily manipulated this ecosystem still is. The fact that one centralized exchange can trigger a global liquidation cascade and force temporary price dislocations across every protocol? That’s not a “black swan.” That’s a design flaw. Here’s a short recap: Binance relied on its own oracle - which depegged a stablecoin. That started a smaller, but manageable, liquidation chain. The real chaos began when their API mysteriously went offline. Market makers, who operate largely delta-neutral, suddenly couldn’t hedge on their primary venue. With hedging impossible, they pulled quotes across CEXs and DEXs. With no liquidity present, price falls off a cliff. And across the industry? Victory laps. “Zero bad debt!” “Liquidations processed flawlessly!” Great. The protocol didn’t die. But users did. Protecting the protocol IS important - obviously. But it is not the same thing as protecting traders. If we want broader adoption, if we want legitimacy, if we want crypto to grow without getting handcuffed by regulators, we have to start building real consumer protection into our systems. TradFi has circuit breakers, obligations for MMs, structural guardrails. Crypto has...hope. And an instruction manual that says, “Good luck out there!” So why am I leaving HyperLiquid? Because I choose to back teams who are actively trying to solve these design flaws, not merely observe them. I’ve spoken with Jeff and another member of the Core 11. They don’t appear to see this as part of the roadmap right now. That’s their choice and I respect it. And to be clear - nobody has a perfect fix. There is no silver bullet. What matters to me is who’s walking toward solutions rather than ignoring the problem. We lost people on 10/10. Real lives were ended. Real families were destroyed. Over...a design flaw allowing one entity to control the world? Crypto doesn’t get to just sweep that under the rug. So the question becomes: Who’s actually building protections that might prevent the next Binance-induced disaster? On Solana, I’ve only found one. Drift’s liquidation protection isn’t magic. It’s not flawless. But it exists - and more importantly, it worked. It checks: “Is the oracle price diverging by more than 50% from the 5-minute TWAP?” If yes it simply puts a temporary halt on liquidations. That single line of logic saved a lot of people. Scam wicks get filtered. The insurance fund catches the edge cases. It’s not some grand philosophical overhaul - it’s simply a meaningful step toward sanity. I’m not as brilliant as Jeff. I don’t pretend to know the best way to solve this at scale. But I am a customer - and customers vote with their dollars. The industry keeps repeating, “Protecting the protocol is protecting the trader.” But that’s not the full picture. A car isn’t complete without a driver. Both are equally important to the beautiful symbiosis that exists. This is a heartbreaking post to write. This isn’t a Drift advertisement. It feels more like a gut-wrenching breakup with a first love - not because the love disappeared, but because you finally recognize that you’re growing in different directions. HL will always be a part of my story. It’ll stay on my shortlist whenever people ask where to trade. But it’s time for me to move forward - toward my values, toward my ideals - and to say to Jeff and the team, with real appreciation: we’ll always have Paris. 🫡 From the depths — The White Whale 🐋

@CL207 cat likes to play with mms

during early days of hyperliquid, there were clearly already multiple market makers but offering a little size cat realized am 1 of the earlier participants to reap lot of rewards so i started market taking deep into the book multiple times everyday and using my old but outdated scalping to avoid losing too much (around -400k in fees and slippage but a positive pnl netted my loss to much smaller) 2 or so weeks go by, market makers books thickened by a lot, and way more participants came sometimes, you need become part of the financial incentive that attracts more market makers to pull up to start the fly wheel

Begs the question: if we can nuke people to control the oil price, why can't we just generate infinite energy from nuclear so we don't need oil?

If you're long oil, your counterparty is.. the full force of the US military? Have you heard of Hiroshima? What about Nagasaki? Boom. 100 more years of American supremacy.

@gumsays historical buybacks are not equal to forecasted buybacks

i don't fucking understand how pump does the same buybacks as hype yet this is the chart they already bought 30% of the supply man wtf

@0x8483 why would you stack at 25% instead of 50 or 75?

my quant says we’re roughly 25% of the way through the bitcoin bear market and it’s time to start stacking sats

@raymowst Let's hope.

@CKongee Only time will tell. Now BTC needs to disappoint all the bull and when all hopes are lost, then it will go up 😅

What if the four year cycle isn't broken because BTC goes up only but because BTC never goes up again?