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Crypto Whistlers
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Bull Market = Parabola phase = Go over production cost level 2017 (250 days): +1600% 2019 (90 days): +200% 2020 (160 days): +400%
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Not many activities at weekend in Binance/Bybit/others.. Just Hyperliq Whale is playing flip-flop game. His size now is 500M$ short Btc When he did big long, funding is huge positive When he went big short, funding is huge negative 😅 He is just playing against the exchange - The game that he will not win.
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Top Crypto Morning News & Beyond 🔝 1️⃣ Trump: Recommends imposing a 50% tariff on the EU starting June 2️⃣ EU Trade Commissioner: The EU aims to reach a mutually beneficial agreement with the U.S. 3️⃣ ZachXBT: It’s unacceptable that Cetus is only offering a $5M bounty to track down hackers. 4️⃣ CZ: Rumors suggest a certain VC is lobbying against Binance, pouring huge funds into FUD. 5️⃣ Fed’s Goolsbee: Interest rate cuts are possible within the next 10-16 months. 6️⃣ Binance announced zero processing fees for $1 withdrawals via the BNB network. 7️⃣ U.S. Treasury Secretary Yellen: The sovereign wealth fund plan has been paused. 8️⃣ James Wynn reduced his long positions on ETH and SUI while continuing to accumulate BTC. 9️⃣ U.S. Market Close: All three major stock indices closed lower, while U.S. Steel surged over 21%. 🔟 Polygon Co-Founder Mihailo Bjelic has stepped down, becoming the third co-founder to leave.
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Story of a Whale In the summer of 2019 (DeFi summer for those who was around back then). I was taking all my money every month from my online business (income varied as was a seasonal product I was selling so anywhere from £4k-£10k per month on avg) and dumping it into BTC, ETH and altcoins. Then the March 2020 covid crash came. The government in the UK was offering businesses to claim up to x amount (interest free!) depending on your yearly revenue. I managed to claim £50k and put every penny into crypto. That cycle I round tripped being a millionaire at least 3x. I found multiple huge runners that I held at a low cap and fumbled on dips. Ended up making a tonne of mistakes and lessons. Came out a winner in the end. Somewhere in the region of $900k profit. And when the bear market came I non-stop studied. Multiple books, trading courses, YouTube videos. Taking screenshots of trading patterns and putting them on my wall behind my desk. Learning how to use trading indicators effectively. I was obsessed. I wanted to get rich so badly. I don't know why, just always been money driven. And here we are. I can finally look back and say it paid off. But I'm still learning, never ever will I get complacent and think I know enough.
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Peter Brandt @@PeterLBrandt • 16 May Trading and whoredom are among the two oldest professions of humanity Chasing money for the sake of money is an unworthy pursuit Futures markets - I am referring here to the real futures markets with real contracts - provide no redeeming value to mankind Trading futures is just a means to personal ends - like providing for one's family and being a puzzle to crack for the sake of adventure Trading futures - even real futures - is a make believe endeavor The stock market used to have some redeeming value - to raise money for businesses to grow But the derivativization of equities markets has ruined that Public markets are all about redistributing wealth from the many to the few Have you not yet figured that out And it is amazing that some trades with a year or two of profitability have already placed themselves in the category of the "few" I am not even a member of the "few." I am just hanging around while they leave scraps on the table So, aspiring Noobs, understand the game before you put your money on the table Real worthiness in life is not found in wealth or power or fame. Store up your wealth in Heaven where it will last
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