> buy 107
> set TP @ 108.3
> manually remove 108.3 later
> cut manually at B/E
> round tripped >100% uPnL in 2 hours
lol, lmao even
anyways dunking on my execution aside, analysis:
- ES up and we don't see degen bids
- BTC/ES is -2.6% (i don't have data but feel like i usually this is <2% premium)
- BTC.D > 64 so alts mostly scared
- MASSIVE long liq flush (highest since the 4th, and before that, Feb 2025). Meaning, bulls over eager
- SPX closed above 6033
- We've been seeing increasing "blackrock buys infinite ETH" which has caused some people to overlev on ETH (increasing long liqs into decreasing price). Data-less guess: some paired port problems there
- GCP outage has sweeping implications for many (presumably MM's, AI trading bots, etc). In which case people may just exit positions manually to avoid being offsides
- highly doubt that all of tradfi knows *less* than our corner of the internet. Feels like the recent rebound to 110 was just mostly perp driven (7D spot inflows were negative)
- coincides with green line (idk why it's there but i trust vertical lines cuz i rarely draw them and this one has been there for weeks)
- oh also was wrong earlier in tweet, expected net flows to be positive (sub +100M) but still red on the day, comparable to the 10th
My assumptions: If ur spot/low-lev and bid 105.9 think , ur fine to just sit on hands. if ur overleveraged, keep head on a swivel until 106.8 is re-established as support *and* SPX stays > 2033.