Daily Vol ed. 2025-04-19 ⚖️🐻
BTC makes another attempt at 88k and having trouble breaking through.
Some pretty sizable spot CVDs trying to get it through atm.
This is an important trigger for risk on/off i reckon(the previous attempt was during Liberation day)
Alts also dumping very hard into this resistance showing some bearish signals;
- Lack of demand on alts other than for a short squeeze and
- still plenty of supply overhang left over.
Current thinking
Staying neutral and airing towards bearish as we’re at the top of the range.
Positioning : Delta-neutral.
- Long BTC(Bidding below 80k), HYPE
- Short ETH, SOL, ENA, XRP, APT, SUI, TRUMP, FARTCOIN…
Positives
- Macro bottom call from Felix based on extreme pessimism
Negatives
- Hawkish Powell
- Bonds market is fine - Joseph Wang
- Retail still buying dips - Julian Brigden
- Debt refinancing wall in summer - Michael Howell
Stay safe frens
🕹️Currently trading mostly on @Lighter_xyz
Closed beta. Early. Points. ZK-tech. 200% apy LP-Vaults. Backed by big names. Use link to join the party. DM for access as I'm running short on codes. Only serious players apply.
