Byzantine General Profile picture
Cartoon tiger pressing buttons. Ambassador @vertex_protocol Investor/advisor @VeloData
Chris Payan Profile picture Arthur Pernot Profile picture tulip Profile picture 🇪🇹🔊🦇 - 🏴 - 👨‍🌾 - 🧙‍♂️ - 🪖 - ⚔️ Ωie Profile picture Andy_CryptoBot Profile picture 16 subscribed
Feb 9 20 tweets 7 min read
Heatmaps

Educational 🧵

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1/20Image Definition

A visual record of limit order history within the orderbook of a specific market.

It also shows, on the right hand side, the real time updated state of the orderbook.

2/20
Feb 5 21 tweets 5 min read
Orderbooks

Educational 🧵

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1/21Image Definition

An orderbook is a list with all of the passive buy and sell orders for a specific market.

2/21
May 14, 2023 23 tweets 7 min read
Since it's another boring day, here's a random educational thread.

Let’s talk funding rates.

Oh I’m a threadooor 🧵👇🤪 (long) An example of real time fun... First let’s go over the absolute basics.

The funding rate is a perpetual swap contract mechanism that exists to make sure that the price of the perp doesn’t deviate too much from the underlying: a spot index of the coin that you’re trading.

It works like this...
Mar 12, 2023 4 tweets 2 min read
People have resorted to the oldschool way of creating a "stablecoin" which is buying $BTC and shorting cross 1x inverse to achieve a synthetic USD.

This has resulted in extreme negative funding because everyone is doing it.

Which means... There's incentive to pump. Lots of arguments against this.

Thassa fine lads, I'm only a left on the bell curve cartoon tiger.

But I'll just leave this here. Basis is pretty fcking negative + insane liquidations + insane leverage shakeout + insane volume.
Jan 2, 2023 42 tweets 11 min read
I thought it would be fun to look back on some monumental CT tweets from 2022.

Screenshots because some of these are deleted.

(long thread) The year started of strong with the president of El Salvador joking about having to go work at McDonalds because bitcoin was crashing hard.