Thread by @dkcrypto13

Still scared of the open interest, but realistically, this is no longer a super dangerous set up. Highly theoretical of course, but given supports around $58k & $4k that we'd all like to see held on weekly I guess it's as good a time as any to look at these favorably. Not advice.

I dipped more than a toe this time. Keeping a pretty tight stop of course.

Still in these by a hair. Hopeful.

Very pleased so far 🤞

Closing half of what I got in here. Not because I think we fade much, but bla bla risk management and also I kinda felt I got into too much levered stuff so I am happy it turned out this way.

Taken a bit of a weird position. I am hedged now, but overhedged BTC and high funding alts to be long some alts that have low funding. I am just weird.

Still in the hedges, wondering if 58-60k can really push price back another time or if we actually just need to get rid of all the open interest with a dump to 53k. It's Fed week coming up with the taper announcement too. So plenty of things to worry about. We'll see.

For reference, I am just wondering if we need one of these days (see open interest and liquidation moves).

$BTC $ETH

I am a bit on the fence, given funding is not terrible (but not great either). I do miss a new "narrative" though. We've done DeFi, NFTs, ETF & Dogtoken and we have also seen new ATHs.

But the follow-through has been weak. It feels heavy.

I am just going to watch.

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