19h ago
Missed the Kyan x @thinkingvols Monday Alpha this week?
TL;DR: What Happened on 10/10?
This is one of those Marty’s newsletters with more alpha and less charts.
Here's a summary thread ⤵️
1/8
@vec0zy @vxdenton @wekaaxyz The 1-month large-cap returns are nothing short of miserable. As US equities and global metals rip it into new highs, we are sitting here being laughed at. Crypto is usually the first mover; rarely do we lag.
This leaves a few questions. Should you trade something else?
2/8
Now a deeper dive into Marty's Thoughts.
2 weeks ago BTC hit $126K and ETH neared ATHs, then came the wipeout, A brutal selloff on 10.10 nuked BTC to $101K and ETH to $3.4K with exchanges facing UI and API outages, liquidating half of CT. Someone big probably blew up.
3/8
Prices rebounded quickly from those Friday wicks, but we're still trading below the initial bounce levels of $115k BTC, $4,300 ETH, as US indices continue to ATH. Gold is trading like the world is ending, and the USD had the largest decline over a 6-month period in 50 years.
4/8
We're seeing assets inflating away from the dollar as investors hunt for ways to de-risk. As we often say on the @EdenAesthetix stream, gold dipped 50% and traded sideways for a decade prior to this; now retail is lining up to buy physicals; it probably doesn't end well.
5/8
It feels late in the business cycle. Things aren't over and growth will continue, but there are major issues on the horizon we'll need to navigate.
Whenever we post negative articles, it usually marks a bottom and the perfect entry, so let's give the bulls some hope.
6/8
Shoutout to @GreeksLive for giving us a look into the largest trades of the past week.
• Various strikes for the Dec 26th expiry were scooped up.
• Some mega upside calls being bought in hopes of a Santa rally.
• Mostly sold puts, which looks good for a bottom.
7/8
Remember we always try to remain unbiased, and give a view into both sides of the coin. Stay on your toes, and don't get married to one direction.
For @thinkingvols's full thoughts and recap:
This is the last message in the thread, thank you 🫶
8/8
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