hansolar21

this is why the kimchi premium moves markets

daily vol 2025-06-17

Positioning : Short basket of alts

- Multiple rejections off 110k. Need to find demand zone lower. Maybe near 100k?
- CB, Bitfinex and Kimchi premiums all falling
- Low vol and droopy price action for the summer. Expansion in Q4?

points = free call options on the next unicorn

But some of yall are out here self-sabotaging like you're playing airdrop squid games

If you’re farming, maybe don’t piss on the soil?

back at the desk tmrw! 😘

CB, bitfinex and kimchi premiums all falling after this pump

Bid-ask deltas also getting pretty heavy on the ask side

might be time for a breather
TPing some longs and sprinkling some bids down below

still no froth on hl funding rates.
higher.

I GOT INTO PLASMA
IM GONNA BE RICH

i like eth, but not sure if im suffering from stockholm syndrome 🤔

Not-so-daily Vol 2025-06-09

Gm brothers. Feels like it's gonna be a big week.

Positives
- Good reaction from dip on Fri through weekend
- Plenty of instis running mstr playbook
- Nice technical liquidity grab > consolidation > take-off? pattern forming
- OI looks like it has bottomed, while late shorters pushing funding negative

Negatives : Crypto-Native Capital Markets
- Plasma farm kicks off today(50m indiv cap means liq gets scarce; bad for non-institutional alts)
- Potential pumpfun token(liquidity blackhole when it starts; bad for non-institutional alts)

Negatives : Institutional-Crypto Capital Markets
- Bond auctions this week and next(May 20y auction caused derisking)
- CPI risk
- Potential retaliation from Russia due to Ukraine drone attack

I think one has to be careful regarding which pools of capital are increasing and which are being dispersed.

There's been a clear dichotomy between "Crypto-Native Capital Markets" vs "Institutional-Crypto Capital Markets" this cycle.

This is one of the reasons idiosyncratic price action has been so common place between BTC and alts this cycle.

It's helpful to compartmentalize which events impact which market.

The "Institutional-Crypto Capital Markets" basket is BTC ETH XRP.
Then there are some good contenders with transparent teams and solid cashflows such as HYPE AAVE PENDLE MKR ENA SYRUP etc.

Most of everything else is likely in the "Crypto-Native Capital Markets" bucket.

Positioning : Leaning bullish with hedges
Long BTC, ETH and small HYPE
Short SOL and "Crypto-Native Capital Markets" coins(anon founders, memes etc)

Stay lit🕯️

Boop
Enjoy your weeken friends

- strong CB premiums on BTC
- bitfinex twapping spot
- large liquidation target around 107k

and you're not james-wynning the dip?

gotta be buyin blood
thats how the game works

Lighter AMA in 2 hours
Be there or be square 😉

It's time for ETH/SOL to shine

people move goalposts when they're winning.

they do the same with opportunities—
always finding something new to FUD.

ask yourself:
Do you want to be right, or do you want to make money?
🕯️

What happens to OI in a couple of months?
🕯️

fool me once, shame on you
fool me three hundred and sixty nine times, you must be ethereum

Still holding ETH longs due to some funny bizness in the options data

short-term skews are very negative indicating some heavy call buying on the 1week and 1month tenors

Somebody knows something...

prepare for vertical ascent 🚀

eth looking very demure lately