Swoldemort on Nostr: Yesterday added some serious fuel to the markets. BTC relatively stable, USD bid, yen ...
Yesterday added some serious fuel to the markets. BTC relatively stable, USD bid, yen bid, QQQ/Mag7 heavily shorted, paired along with volatility funds heavily short vol.
If/when the liquidity is realized, there is going to be a face ripper of a move as the short vol positions unwind. If BTC can show stability in this 54-60 range, I'll be high conviction long BTC.
Published at
2024-09-04 12:42:00Event JSON
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"content": "Yesterday added some serious fuel to the markets. BTC relatively stable, USD bid, yen bid, QQQ/Mag7 heavily shorted, paired along with volatility funds heavily short vol. \n\nIf/when the liquidity is realized, there is going to be a face ripper of a move as the short vol positions unwind. If BTC can show stability in this 54-60 range, I'll be high conviction long BTC.",
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