Avocado Toast
@avotoast
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Sitting comfy as a bank owner $avici
@Houseofyogi you're looking for @AviciMoney •Standard checking and savings with insured deposits -(working on it) •ACH, wires, global FX, and optional stablecoin transfers in one place (done, will launch for everyone in 2weeks) •Traditional savings rates alongside crypto enabled
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Likely that many cex alts won't recover anywhere near pre-10/10 levels as their existing MM liquidity is permanently impaired and there is no other source of interest; only structural sell from unlocks and large holders Prob means a wave of delistings in the future Every cycle
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if this whole crypto thing dries up, will just pivot to yapping on substacks $100/month x 1000 members not too shabby
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So recent BTC price action has pretty much killed the digital gold narrative (you can't underperform analog gold) and it's obviously not been a store of value/safe haven asset (the Blackrock/Fink pitch) The performance, correlation to equity downside, and poor sharpe ratio
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also tiresome to see same Saylor/MSTR talking points over and over am i happy there's one entity like MSTR out there who is gobbling up so much BTC and concentrating systemic risk into a single entity? obv no that said, nothing happens if BTC falls below MSTR's avg cost basis
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all the macro explanations individually seem silly to me ai bubble unwind bc capex/asset depreciation > corp profits or bc energy is bigger bottleneck than expected (not a new story) fed policy more hawkish than expected although was abundantly clear last fomc dec was prob off
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don't need an ftx this bear mkt boomers pulling billions from the ETFs + retarded perp degens longing every dip are doing the job just fine no DATs have sold anything even (yet)
3 2 1 until perps long here, no spot bids in sight and we revisit bottom of the wicks in 3 days
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3 2 1 until perps long here, no spot bids in sight and we revisit bottom of the wicks in 3 days
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missing the days of btc not being the absolute dog of macro assets
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update https://t.co/cB65psMVmu
JUST IN: Another $210,000,000 liquidated from the crypto market in the past 60 minutes.
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how many hundreds of mil liquidated from crypto market this morning?
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