I use to work in the 2nd largest bank in the world

A BTC ETF is a watershed moment:

Here’s why it’s buy the rumour, buy the news 1. ETF approval —-> ETF Trading

The ETH Futures ETF is a good example of just how quickly an ETF vehicle can begin trading.

In this case it took 5 days between an approval and formal trading

I would comfortably say I’m in the top 5% of traders for notional & percentage PnL this year

I didn’t catch all of this move, if you missed it, I have some tips for you. 1) Take your time.

Markets are slow. While it feels like you’re missing out. Higher prices are always ahead, as well as lower prices.

There’s no need to rush. Don’t let your emotions rule you.

Official predictions 2023-24 They'll realise there's no way to keep rates high without causing systemic risk.

https://twitter.com/zerohedge/status/1635040711237156864?s=20

Why you should buy $0.90 for $1

A USDC 🧵 1) Let's start with what we know for sure...

$3.3bn of Circle's $40bn reserves are at SVB, a bank that has failed.

This would mean an 8.25% shortfall assuming that SVB recovery rate is 0.

https://twitter.com/circle/status/1634391505988206592?s=20

Post-Shanghai update there's likely to be a lot of focus on ETH scaling via ZK rollups.

This is already telegraphed in Matic strength over the last few weeks

But what comes next? IMX

- ZK tech but with larger focus on Gaming
- NFT cross rollup liquidity protocol across L2's
- Good BD team (Partnership with Gamestop in '22)
- $800mm market cap (Low float vs. FDV)
- Low unit Bias

I've been notoriously bearish since December 2021.

I've bought spot Bitcoin for the first time in a year.

Here's why... 1) Max Fear

Markets are reflexive and mainly psychological. Markets generally need capitulation and fear in order to have redistribution and markups.

Simply a transfer of wealth from the panicked to the patient.

Below are a few signals I've seen of bottom indicators lately