Im feeling about 300k underexposed to this rally... 🥲

Needed an ego boost 😅

Looks like a lot of small accounts got wiped on deribit on that wick
Options selling is a risky endeavour
When leverage runs wild, so do the wicks

the wealth effects will be glorious

One hundred thousand dollar BITCOIN

I keep coming back to this fractal...
Lots of similarities to 2023 Oct-Dec
Think the once big take away, is patience.

Fully slept through korea's first martial law since 1980 😅

pretty crazy how over-powered some people are...

Some of the more successful narratives this season:

Solana memecoins(no vcs)
Ai agent memecoins(no vcs)
Hyperliquid(no vcs)
Dinos(long gone vcs)

Think there may be a pattern here...

2 year postponement of crypto taxes in korea.
God bless korea 🇰🇷
https://v.daum.net/v/20241201123608985

Spot is buying while perps are shorting
buyers : coinbase premium
shorts : decreasing funding rates(with increasing OI)

Great recipe for a squueeeeze

Feels like the first time in a very very long time that ETH is pumping without perps funding getting super aggressive

Think this indicates that people are still shorting ETH
With 1. heightened interest on CME open interest and
2. SOL narrative rotating to other chains
3. high signal traders longing ETH,
I think it could lead to some explosive moves for ETH soon...

Met a friend from the internets today in seoul
Chad on the internet chad in real life

heard eth was making a comback on the timeline today

In case we get a nasty rejection on 100k, i think these puts are pretty cheap for insurance
BTC-6DEC24-80000-P

small size, but proud of this one nonetheless

Soon there will be two types on people in the world.
Those that bought under 100k and those that bought above it.

Im seeing a lot of first cyclers trade out-trade multicyclers
Interesting phenomenon
Out with the old, in with the new i guess

in north korea, if you buy eth you get executed
(but you get medals for stealing it)

feel like SOL can flip ETH this cycle