bears are gay regardless

this next to the fact that since US open started, BTC is just getting nonstop hammered

I (hope) this is just a massive ETF outflow day and that the punishment ends in 3 hours when American markets close for the day

Usually Altcoins would be -20% not doing better than BTC

If its not massive ETF outflows, I didnt find some OG whales selling at least past 48 hrs, then its gg

fkn americans selling the very first second they got an opportunity

OCTOVER STATS: INFINITYHEDGE

*MORE THAN $45B LIQUIDATED IN CRYPTO POSITIONS
*INVESTORS LOST $10B+ IN DAT'S
*~$100M LOST IN CRYPTO EXPLOITS
*CRYPTO MARKET LOST $1T, DOWN 25% FROM RECORD HIGH
*MSTR DOWN 32%, CRCL DOWN 30%, COIN DOWN 20%, GLXY DOWN 40%
*DAT'S: BMNR DOWN 40%, SBET DOWN 40%, FORD DOWN 60% (SOL)
*ETF FLOWS: BTC +$0.2B; ETH -$0.5B
*ALMOST ALL DAT'S MNAV DROPPED BELOW 1, MSTR MNAV DROPPED TO ALMOST 1
*BTC DOWN 19%, ETH DOWN 29%, SOL DOWN 33%, XRP DOWN 27%, BNB DOWN 29%
*MOST OCT. U.S. LAYOFFS SINCE 2003
*LONGEST U.S. GOV SHUTDOWN
*S&P 500 +0.7%, GOLD +1.7%, DOLLAR INDEX +1.7%, NVDA +6%, GOOGL +16%, META -10%

The Week Ahead: infinityhedge

Mon:
*Longest U.S. Gov shutdown enters its 41th day
*Saylor expected announce another BTC purchase
*CBOE to launch continuous futures contracts for BTC & ETH
*Coinbase to launch some Launchpad or something

Wed:
*Fed’s Barr, Williams, Waller, Paulson speaks
*Circle earnings

Thu: Fed’s Hammack speaks

TBA/Whole Week:
*All eyes will also be on whether U.S. lawmakers can agree to end shutdown.
*US Supreme Court hears arguments on Trump’s tariffs (IEEPA) continues *U.S. Gov data expected to be delayed due to the shutdown.

BE: Even if the gov were to reopen, it’s unlikely BLS would be able to collect & process data for both the Oct. and Nov. CPI reports ahead of the Dec FOMC meeting.

ICYMI:
⊷ Borrowing to fund Al datacenter exploded in Sept & Oct; BofA data shows $75B of U.S. investment grade debt issued by AI-focused Big Tech hit the market in Sept. & Oct. alone, more than double the sector’s average annual issuance of $32B btw 2015-2024. Plus A surge in Oracle credit default swaps shows investors are worried about the U.S. tech giant’s debt levels. Also OpenAI Asks US to Expand Chips Tax Credit to AI Data Centers: infinityhedge
⊷ CFTC’s Pham Moves to Launch Spot Crypto Trading Without Congress as soon as next month. Pham has held talks with CFTC-regulated DCMs exchanges like CME, Cboe Futures, ICE Futures, Coinbase Derivatives, Kalshi and Polymarket US, about launching spot crypto trading products involving margin, leverage, and financing.
⊷ U.S. Senate on Sunday moved forward on a measure aimed at reopening gov. Senate adjourned until Monday & has not yet scheduled a vote for final passage. House also needs to approve the measure, House passage is not guaranteed. It’s not yet clear how quickly the shutdown can end. Senate will need the consent of all members to end the shutdown quickly. Any one senator can force days of procedural delays. Prediction Markets expecting shutdown will end btw 12-15th Nov with 80% odds.
⊷ The combined amount of crypto loans reached $73.6B in the 3Q, surpassing the previous record of $69.4B set in the 4Q of 2021
⊷ Microsoft's Longest Selloff Since 2011 as AI Trade Weakens; Meta Tumbles Most Since 2022 Metaverse Selloff.
⊷ China’s central bank purchased gold for its reserves for a 12th straight month

https://infinityhedge.substack.com/p/the-7-days-9c0

a lot of alpha can be found in BTC spot CVD past few weeks

generally speaking, CVDs pretty much always (on higher timeframes) trend down

but some of these past days sell-off, its just vertically down, even on LTFs, I do find it a very useful tool for daytrading BTC past few weeks

it is no surprise tho, there is this infinite amount of OG BTC holders selling and Saylor and ETFs are not buying at all.

we for sure know that Saylor is basically broke, ETFs might come back when US gov shutdown ends (vote is tomorrow afaik)

noone, let alone me, can tell you when all these OGs stop selling, but i still remain very bullish BTC, as my cope, for now is that US gov shutdown ending will be net-positive for markets

= bears are gay

this industry is cursed since 10/10 liquidation event

unable to sustain green candles even for few hours is pathetic, NFA but would recommend to stay away from leverage for a little while

pardon my french, but its just rape after rape after rape

RE: Gov shutdown

The vote is expected in roughly 3 hours (the entire process should be 10 pm to 1 a.m. Prague time), if the schedule doesn’t change.

if Shutdown does indeed end and and BTC price action doesnt materially change in the coming days, then it might be gg

okay just send it all to fucking zero

CANARY FILES S-1 FOR MOG ETF

if you are extremely bored

https://www.youtube.com/watch?v=Y2KPuX17qmE

looking good, final vote in 3,5 hrs apparently, good night sweet prince

https://x.com/JenniferShutt/status/1988749371354009716

i know im little late w/ "reporting" (because little princess needed 8hrs of sleep)

I am holding my BTC leverage long from yesterday and at this point, both
- optimistic about ability to close it higher
- ready to be hurt by burgers during US session (again)

It has come to my attention

That I am absolutely retarded, that I still bother with cryptocurrencies (and you might be too)

Mental Illness

another session of americans just relentlessly selling

honestly, fuck them

i highly encourage to stay away from (any) leverage on (any) asset on (every) centralized or decentralized exchange