lowstrife Profile picture
I shitpost ideas where it can go either up or down so I can look back in hindsight and say I was right. My content is not financial advice.
May 17, 2021 9 tweets 3 min read
Someone has been Twapping' shorts on Bitfinex for the past few hours.

+4000 coins added margin short so far.

~100 btc\minute This person has single handedly moved bitfinex -100bp, currently trading ~$180 discount to spot
May 17, 2021 5 tweets 2 min read
Whoever wrote these options got obliterated today. This is a portfolio margin liquidation.

Open interest on these weekly futures went up +150%.

Perps had a 50-150 basis point discount and max -0.5% funding after getting nuked with a $90m marketsell $1000 below index. At least $180m was liquidated because of this event. Probably more because this is the net gain in OI, more was traded.

Portfolio margin tl;dr = you have one global risk level. All positions across all futures and options are grouped together.
May 17, 2021 7 tweets 3 min read
I think something broke

dbit perpetual futures trading at massive discount, no other perps are out of whack

USDT trading at 1.0002, yet bfx spot has $200 premium over the rest of the exchanges. I think they lost a mm

perhaps related to those massive puts that were written a few days ago

May 5, 2021 4 tweets 2 min read
Each of Doge's major rallies this year has been smaller and less aggressive. What took 18 hours at first has been ongoing for 2 days now.

I suspect this is the final push before it's all over for good. May 8th is the day to watch. 130-150 sats has been resistance for like 482 years for every bubble, every cycle.

We're now 10x that so uhh watch out
Mar 14, 2020 16 tweets 4 min read
With the insurance fund having lost 0btc from this crash, I feel like I need to post my thoughts about the events of March 13th. The following thread is my opinion on what happened on Bitmex during the crash, an opinion that has been refuted by Bitmex



/1
Considering they have not released a post-mortem, these conclusions are mine alone.

Bitmex ceased to be a fully functioning exchange for about 18 hours, and got completely fucked for a couple hours at the bottom. Completely disconnected from the rest of the market.

/2
Mar 13, 2020 7 tweets 4 min read
Flash crashes & insane days that I've personally partaken in. The days that stand out in my memory. Random pics added

2013: Silk Road flash crash
2013: China bubble top, +80%, -57% in two days
2013: Overall market dump to $380
2014: Gox death
2014: Breaking of the bear trendline ImageImageImageImage 2014: Bearwhale on Bitstamp (this fucked me real good)
2014: First futures mini-bubble to $475
2015: Capitulation to $166
2015: Coinbase lunar
2015: Mousegroup DDOS
2015: Finex flash crash
2015: okcoin quarterlies broke $400 support
2016: Ethereum DAO flash crash
2016: Finex hack ImageImageImageImage
May 17, 2019 5 tweets 2 min read
Bitstamp just got completely destroyed by the algo.

Really can't wait to see if they release a post-mortem on this. Looks like a 3600 btc sell algo was just wiping the book all the way down sitting on the ask side the whole time. I've never seen anything quite like this before. I've seen similar things, but nothign that moved the market nearly 20%.