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Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
@noshitcoins
Apr 28, 2020 • 5 tweets • 2 min read • Read on X
Took 2y longer than expected, but #Bitfinex cold wallet is finally being drained. 57k BTC outflow in 70 days. Will it hold or finally spiralling out of control? #Bitcoin Image
bitinfocharts.com/bitcoin/wallet…
Another 12k gone... let's start a countdown? 113.5k left
bitinfocharts.com/bitcoin/wallet…
Bitfinex down to 90k 🥴 Image
@paoloardoino u alive?

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More from @noshitcoins

Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
May 22, 2021
1/n To understand if $35k #Bitcoin makes any sense, you need to 'zoom out' first. First of all, we've never had $500 million+ buy orders executed in a couple of days. Not to mention an S&P500 company using it as reserves. Grayscale GBTC captured huge inflows, while gold ETF bled
2/n Keep in mind, USD fiat had bottomed vs global currencies (DXY) to a 3y low. However, as vaccination grew and companies such as $NFLX reported subpar numbers as life returned to normal, there was less reason to bet on some catastrophic event
3/n By April S&P had fully recovered, breaking 4.000 and real estate prices boomed as well. Just as BTC reached $60k, Janet Yellen and Chistine Lagarde both started citing the need for crypto regulation due to illegal activities. Kraken CEO alerted the "crackdown" on April 12
Read 17 tweets
Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
Oct 1, 2020
Bob McAdoo, 5 time NBA All-Star, 1975 MVP, 2 rings
Michael Jordan, 10 time NBA All-Star, 5 MVP, 6 rings
Do you know what else they have in common?
👇👇 Keep reading, cause this story is amazing Image
The year was 1972, and Portland Trailblazers had the 1st draft pick. Their choice? LaRue Martin, a 6'11'' center from Loyola (Illinois). His team did 4W-20L in 1970-71, and 8W-14L on his senior year, scoring 19.6 points per game & 16 rebounds. Maybe not a bad pick, but....
... what was left behind was Bob McAdoo, #2 pick in 1972 draft by Buffalo Braves. The 6'9'' forward-center from U.North Carolina (26W-5L) did 19.5 points per game & 10 rebounds. Prior to that, McAdoo played at Vincennes, doing 25 points per game, and 11 rebounds. What followed?
Read 10 tweets
Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
Aug 2, 2020
1/ July 26 and 27 pumps caused same liquidation of today's 12% dump. Aggregate open interest remains above $5 billion, so no side is even close to 'defeated'. Quite the opposite, buyers remain very optimist as 3-month basis (contango) remains at healthy 12% annualized... Image
2/ Perpetual funding rate holding below 5% monthly fee also show no sign of buyers giving up. They've built such position below $10,400, so why worry? Options market remains rather calm as well... Image
3/ There are 33% more call options open interest than put (protection) ones. Delta (implied odds) for $12K on Aug 28th sits at 42%, a reasonable figure considering Black & Scholes is conservative. The $10.5K put (protection) has 31% odds, so market makers are bullish... Image
Read 4 tweets
Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
Jun 5, 2020
1/ I have a theory why @grayscaleinvest is buying so many #Bitcoins yet price doesn't budge. Spare 3 mins and I'll take you down the rabbit hole. First of all you need to understand GBTC trades at a premium to the held. Each share holds 0.00096112 BTCs, as shown below Image
2/ This gives us a Net Asset Value (NAV) of $9800 x 0.00096112 = $9.42, while GBTC US closed at $11.73. That' a hefty 24% premium, which used to be a lot higher as you can see @ ycharts.com/companies/GBTC… Keep in mind only accredited investors can buy directly from @grayscaleinvest Image
3/ meanwhile plebs who do not have $1 million investments gotta buy on secondary markets using their regular stock brokers. 401k vehicles, e*trade and robinhood retail traders have no other way for Bitcoin exposure. Then comes the lock up period...
Read 10 tweets
Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
May 20, 2020
This is NOT satoshi. I repeat, NOT satoshi. Image
satoshiblocks.info Image
Read 6 tweets
Marcel Pechman USD is a 🆂🅷🅸🆃🅲🅾🅸🅽 🇧🇷 Profile picture
Mar 23, 2020
Minha leitura do FED - não sou economista:
> Dar garantia pra financiamento auto, estudantil e cartao de crédito significa, obviamente, que alguns bancos grandes quebraram (1/8)
> Não dá pra saber se é o banco diretamente ou algum hedge fund que ele entubou essas picas pra desinflar o balanço, mas esse tipo de crédito é bancário (2/8)
> A sinalização do equivalente a nosso TESOURO dar garantia pra tiazinha que comprou bijuteria no POLISHOP em 12x no cartão de crédito é HORRÍVEL (3/8)
Read 8 tweets

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