Yesterday added some serious fuel to the markets. BTC relatively stable, USD bid, yen bid, QQQ/Mag7 heavily shorted, paired along with volatility funds heavily short vol.
If/when the liquidity is realized, there is going to be a face ripper of a move as the short vol positions unwind. If BTC can show stability in this 54-60 range, I'll be high conviction long BTC.
Swoldemort
npub10j…z5vrr
2024-09-04 12:42:00
in reply to nevent1q…9mtd
Author Public Key
npub10jp3zcwtd9s2jwqj3t9aamvdyzszpe58wck367vqu2z98a4xfvzquz5vrrPublished at
2024-09-04 12:42:00Event JSON
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"content": "Yesterday added some serious fuel to the markets. BTC relatively stable, USD bid, yen bid, QQQ/Mag7 heavily shorted, paired along with volatility funds heavily short vol. \n\nIf/when the liquidity is realized, there is going to be a face ripper of a move as the short vol positions unwind. If BTC can show stability in this 54-60 range, I'll be high conviction long BTC.",
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