What is Nostr?
NBS /
npub1ydm…5tav
2024-01-13 17:33:00
in reply to nevent1q…sm4p

NBS on Nostr: Kudos to one of the quant guys at work for getting me into this trade. I wanted a way ...

Kudos to one of the quant guys at work for getting me into this trade.

I wanted a way to play the BTC event, but I didn't want too much short exposure to the event itself.

We decided to long ETH vs BTC, aka long the ETH/BTC pair. ETH tends to correlate well with BTC, so it's a decent hedge, and ETH had just not moved all that much like BTC had. So ETH was cheap relative to BTC.

The ETH/BTC chart shows exactly that. Put on the trade last Sunday, ate shit for a couple of days, now it's up ~18%.

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npub1ydmg5ndgr9px5ekcxnxaf9ktrcd2scnkx7cf9xrnaxxnea90aevsgf5tav