Eth is at a level where I am seriously considering selling most of my alts and just buying eth with it.

looks like i’m not the only one

3k should be defended well

any sustained move lower than 2.8k gonna be a bit concerning

reached my buy zone

started buying SPOT in small clips and will probably buy down to hold

also added a small low lev long to supplement

shouldn’t get liquidated but if i do this market is over

i am supporting the calvary w my $200 in addition to their 30m positions 😁

Last time fear was 29? January 2023

“Overall, it would seem that the idea of the overhang has spooked markets more than the actual selling will.”

https://blog.coinshares.com/estimating-the-market-impact-of-mt-gox-repayments-ec4a4927e50d

if we remain around current levels despite repayment news, then i'll note it as a sign of strength

or simply that the fear selling is mostly done

watch the market

guess who fumbled 6 figs

yours truly

had to play it safe given overall market conditions 🥲

> U.S. nonfarm payrolls 206K, Exp. 190K

> Unemployment rate 4.1%, Exp. 4.0%

this eth trade is doing decent

i dont think this rally sustains, so will probably tp if it goes higher

esp for my lev position

QCP: Spot prices have stabilised suggesting decent support around 54k. Today’s US jobs data shows a downward revisions for both the April and May numbers. This confirms Powell's disinflationary path and potentially earlier rate cuts with both September and December starting to price a higher probability. — link

life alpha, but also applicable to crypto in some sense

worth a listen

your attention is so precious

https://open.spotify.com/episode/05Ve8pMS5bKRnuYS7Pq2Z6?si=So7Tz4cuQL6wE_yS29n1pw

very strong bounce on these sol memes

i derisked more on this bounce, because as mentioned i think the bounce is not sustainable

will bid with more confidence once overall market stabilises