Bullish(Nuanced)BTCBitcoinBitcoinHYPEHyperliquidHyperliquid

3/7/2025 on

I believe the market wants to squeeze up I shorted the news yesterday as the market was buying into an obvious event (the only surprise would’ve been announcing BTC purchases without congressional approval). The down move cleared a bunch of OI Now let’s look at the medium-term picture. We’re one of the largest perp MMs and we have been seeing a weird dynamic leaving us pretty net long over the last 2 wks: - price goes up -> people short - price goes down -> people short (An easy heuristic to track this is to follow perp permium vs spot, MMs will usually be long if premium is neg for a sufficient time. Oversimplification bc OI/spot context also matter, but u get the idea) Hyperliquid can also give some insight into positioning: global bias among largest traders has been overwhelmingly short over the last 2 wks (https://t.co/ZY5Sh97aFO) Finally, I expect price to follow narrative, adding further reflexivity. If price goes up, Trump’s actions are now bullish, and more buyers pile in.

NeutralBTCBitcoinBitcoinETHEthereumEthereum

12/10/2024 on

@ltrd_ Not necessarily. If price isn’t moving up that much in ETH (esp compared to BTC for instance), that would indicate large sells at best ask, which would still create the illusion of rising CVD

BTCBitcoinNeutralBitcoin

11/25/2024 on

@IsaacNuketon My theory is that sophisticated traders are more cautious with where they sell (so they try to sell before the whole number), whereas they’re less selective with where they bid (eg bid 49-51k and those bids get ate thru)

BTCBitcoinNeutralBitcoin

11/25/2024 on

One of my fav trades is just front running whole numbers. Historically has worked for Bitcoin (19k, 49k, 69k, 99k etc). Not necessarily macro tops/bottoms, but make for good local ones https://t.co/VO7fMLhipX

BTCBitcoinNeutralBitcoin

11/12/2024 on

@deltaxbt They calling me poor bc I took profit at 75k 😣