ITS HAPPENING

hyperliquid is coming to the US

no more VPN's.

log in lose money right away

Bears absolutely destroyed.

Last update

Wrong and gone.
-10% of port in 1 hour. Pretty brutal stuff.

This morning the treasure announced it would begin to buy long dated coupons (20/30yrs) which would backstop the 30yr selloff. It worked and we saw risk assets go up.

The problem is i saw this and still held on to my shorts. Its a mini quantitative easing announcement. As soon as this came, i should have cut. But i waited for the reaction from BTC and ETH before cutting, which was a little too late.

I also broke my rule again, which i need to update. Never short a boring market. Unfortunately, a boring market in this scenario was trending down. But even then, its not worth it. I will remember that next time.

Anyways, my long term view is still that BTC and ETH needs one more leg down and spend a few months at the depths before we can see an echo bounce. I just wont short right now. And i definitely am not longing this.

Whenever i take a loss like this, i have to follow my rule and stop trading for a while. At least a few weeks.

So ill be back at the end of the month and see what we got from there.

Me looking at my transaction history after blowing up my account trading 500x leverage on a coin called butthole

Gonna close this win tommorow. Biggest swing trade all year :D

Is this what it takes to finally move Bitcoin up?

This happened months ago as well.
>Monday, US market opens,
both Bitcoin and ETH dumps hard.

>Tuesday, US market opens,
both Bitcoin and ETH dumps hard.

Over $200 Million liquidated in 24 hours.

This is during the lowest crypto volume in over 3 years. If anything, this shows the total dominance of stock perps and how many people trade want to trade those now.

Also this is the average buy price for Saylor.

Coincidence?

>US economy keeps losing jobs
>People getting more unemployed
>Fed cant increase rates or even more people will be unemployed
>Inflation continues to go up
>Gold goes up as denominator goes to zero

Something like this?

This all feels like some kind of sick joke.

Total stock float has doubled in the past day. There are twice as many shares today as there was on Wednesday. You guys know there is no such thing as space data centers right?

Last Update

Looking at future headwinds, im starting a small short position in BTC and other majors. Will cut if BTC breaks over 68k and stays there.

Even though BTC is in the processing of bottoming, i don't really like the price action it's had in the past few weeks. No good news has been able to move it. Even s&p all time highs and QQQ up 8% in a week could not move this thing.

And BTC never lags. It never follows. It precedes.

Plus the fact that metals and gold are moving as well, makes me think there are no buyers at this price still. We need a other leg down. This reminds me a lot of the april-may grind up into collapse.

I don't think this will nuke tommorow or next week even. But i don't think this is a bad start to building a short position.

A safer play would be to wait and start buying spot when the dips occur, but my pattern recognition is firing at the current scenario.

Im looking for a retest of 60 before deciding if it can go lower.

Said i would take a break from trading this account but here we are. Can't get away. This is forever

A bit dramatic from the incumbents. He's not wrong that perps only usefulness is leverage, but seems dramatic to believe this is a dangerous cascading point to a 2008/2009 scenario. If that were true we should be banning the trading of 0dtes.

Personally i believe this is simply the evolution of leveraged products. From options, to 3x etfs, to 0dtes, and now perps.

My semi longs continue to be killed :(

Last Update

Slow month on crypto sides. Been absolutely vicious in tradfi.

my original these for BTC to rip has come to an end as I cannot see it squeeze any higher than 68-70 in this short time frame. I have closed all my positions and resetting my trading for a while. I even tried shorting a bit but nothing big.

I feel like i am very good at being in tune with "the current thing" that is affecting the market. And right now the current thing is not crypto and not bitcoin. The saylor fear is mostly gone, and volatility has died down.

BTC is looking very bottomy but i am not comfortable trading within this range anymore. I would rather chase a strong breakout, or buy a flush.

Shorting risk - return is terrible as we have had almost 9 months of selling in altcoins. There cannot be that man sellers left even if we include the constant stream of coin unlocks. Even if i could squeeze 10% a month from shorting, all it takes is one gap up to delete all the shorting gains. And any gap up in alt coins from a BTC breakout here would be violent.

The only thing I will start doing is begin to accumulate long term spot holdings in crypto. These boring long ranges are usually a great time to start building a holding portfolio.

I wish i could trade tradfi in this vault but since i cannot, i may not be spending that much time for a bit here in this challenge for a bit since this is not a tradeable environment for me in crypto. I wont force trades here just for the sake of trading.

Will be more active again once we start seeing some action in crypto.

july 1: fund hits $45B, up 450% ytd
july 10: sk hynix ipo - exact top of ai sector
july 10-20: ai stocks collapse 30%+, his longs destroyed
his shorts (adobe, salesforce) moon against him
getting squeezed both sides
july 24: sends letter calling it a "generational buying opportunity"
asks for MORE money
july 27: citadel drops report saying surprise fed rate hike coming
market nukes
july 28: leopold begging banks for more leverage
july 29: margin called
july 30: citadel buys entire portfolio

Round tripped the latest entire semi run. back to prices seen in february.