Not-so-daily Vol 2025-07-16
Very good month with a sharpe of 8.5 hahaha
Not that it means much during environments like this, but happy im on the right side of the momentum.
Longing mainly ETH but changing stance on BTC from Long to Short.
Reasons for defensiveness
- The 80k btc move. Although it looks like it's been acquired already, I'm
- Narrative seems to be shifting to Altcoin treasury companies, especially towards ETH. A bit of a net negative to BTC.
- Funding indicating froth in the markets. Might be time for a small reset.
- Technically closely watching the 118k resistance to see if we can climb above it and hold.
Happy to get long again above 118k.
- Also I really like the ETH/BTC chart
Still think most are under-positioned on ETH as it's been hated for so long
Initial Targets đŻ
ETH targets : 3350, 3980
It was also quite interesting to see ETH CB premiums pop up 3 hours before BTC
Positioning : Basically Longing ETH/BTC on ~3x leverage
- Long : ETH (small HYPE and XRP)
GL out there! And remember to stay safe!
đčïžCurrently trading mostly on @Lighter_xyz
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