TheFlowHorse

Coinbase is about the become the first regulated Perp exchange in the US, is now in the SPX, and is already the prime broker for the ETF.

The chart also looks like this. Probably wouldn't overthink this one.

Coin is up 50% over the last 2 weeks.

I think people are going to miss out by not having pure-play crypto exposure in the stock market moving forward, more than ever.

Good Phileppe Laffont interview on CNBC, not a trader per se but manager a 55B tech fund.

A few things to hang on:

"Be a lifecycle investor. Get more "shots on goal." You don’t need to catch something perfectly early, as long as you're in it eventually."

Market leaders come and go—FANG became Mag 7, and maybe next it’s a group that includes SpaceX, OpenAI… maybe even Bitcoin. He said to think of Bitcoin like a company with a $2T market cap. And while it’s not technically one, it deserves a spot in the mental Nasdaq 100 of the future.

He doesn’t own Bitcoin yet, but wakes up at 3AM kicking himself about it and is planning a position in it.

Good Phileppe Laffont interview on CNBC, not a trader per se but manages a 55B tech fund.

A few things to hang on:

"Be a lifecycle investor. Get more "shots on goal." You don’t need to catch something perfectly early, as long as you're in it eventually."

Market leaders come and go—FANG became Mag 7, and maybe next it’s a group that includes SpaceX, OpenAI… maybe even Bitcoin. He said to think of Bitcoin like a company with a $2T market cap. And while it’s not technically one, it deserves a spot in the mental Nasdaq 100 of the future.

He doesn’t own Bitcoin yet, but wakes up at 3AM kicking himself about it and is planning a position in it.

Out of 400+ pairs on Binance, less than 10% of them are above their 20 and 50 period moving averages.

Crypto market breadth is terrible.

Implied Volatility in $CRCL is obviously very high, but if your view on it is that price is going to drop should you sell OTM calls and take a play on vega or should you just take a play on delta and buy puts or just short circle?

Snooze fest lately. Less than 1% of days over this year IV was lower for $IBIT / $BTC

ETH actually became more exciting.

From earlier today $BTC 🫡

Dip being bought.

Every cycle the same patterns play out.

Besides Bitcoin over longer time horizons, date, don’t marry.

Feels like the dumbest thing to do in the near future might be to extrapolate too much beyond this range Bitcoin is in.

Better contextual r:r at the lows to be long, better r:r at the highs to be short, until that changes nothing changes.

Summertime sadness.

Is it me or does Circle’s current valuation appear a bit disconnected from its underlying economics?

At some point this is going to be an incredible short.

What if “Sell in May and go away” / no trending over the summer means Bitcoin just trades flat until September?

Posting some shorts again. Stuff taken from the @TradingStable

https://youtube.com/shorts/DfxPXW1cRlI?si=QSNKG7ZgYexxQUxG

Is a casino that bad in crypto?

The perp exchanges serve as the exact same thing. Who are we virtue signaling to here?

BTC and the 50 day average is kind of telling you all you need to know and what to expect for the next couple of months.

It's surprising how one of the most basic trading heuristics, that when institutions are loudly promoting something, they're often selling into demand, seems forgotten.

Right now, anything crypto-related gets treated as a reason to chase longs in the short term.

With all the treasury companies set to but Bitcoin, every possible bullish catalyst, one should ask why we are not much higher above all time highs yet?

With all the company treasury plays set to buy Bitcoin, every possible bullish catalyst, one should ask why we are not much higher above all time highs yet?

With all the company treasury plays set to buy Bitcoin, and every possible bullish catalyst, one should ask why we are not much higher above all time highs yet?