I’ve already dumped
$LIT
completely
Now RH’s perpetual business isn’t only betting on Lighter. Earlier I bought for that reason too. But now multiple systems—Bitstamp, Arcus, and Lighter—are all diverting flow. The previous expectation of “Lighter eating the RH upside” has been knocked down quite a bit, so I don’t really dare to keep holding that anymore.
Right now there’s still $PONS worth of spot.
The pons contract has been closed. Sure enough, it’s all one profit-and-loss source—when you’re making money, you think it’s too little and add positions; you’re afraid that if the price pulls back, you won’t have bought enough spot. Now the price is down, and when you’re losing, you think it’s too much.
This drop really scares me a bit. I’m afraid they’ll keep washing the market for a long time. I’ve closed the opened contracts for now—then I’ll hold onto the spot and slowly take a look😭
$LIT
completely
Now RH’s perpetual business isn’t only betting on Lighter. Earlier I bought for that reason too. But now multiple systems—Bitstamp, Arcus, and Lighter—are all diverting flow. The previous expectation of “Lighter eating the RH upside” has been knocked down quite a bit, so I don’t really dare to keep holding that anymore.
Right now there’s still $PONS worth of spot.
The pons contract has been closed. Sure enough, it’s all one profit-and-loss source—when you’re making money, you think it’s too little and add positions; you’re afraid that if the price pulls back, you won’t have bought enough spot. Now the price is down, and when you’re losing, you think it’s too much.
This drop really scares me a bit. I’m afraid they’ll keep washing the market for a long time. I’ve closed the opened contracts for now—then I’ll hold onto the spot and slowly take a look😭
