I’m watching the $PENGU chart right now, and if you aren't paying attention to this dip, you need to hear this first.
PENGU just slid down 2.14% to $0.00602. But why are they selling?
It’s driven entirely by macro fear. The whole market is sweating over the upcoming U.S. Senate vote on the Clarity Act, so traders are aggressively de-risking. Even with the bullish LBank partnership news, the buyers couldn't step up.
Trading volume actually spiked by 33.9%, which tells me sellers were just wai...
That 85% short signal on $BEAT /USDT isn't fear—it's the quiet before the dump.
$BEAT - SHORT
Trade Plan:
Entry: 2.0375019 – 2.0964981
SL: 2.6916386
TP1: 1.5985210
TP2: 1.2862017
TP3: 0.8177228
Why this setup?
- 4h bias is SHORT with 85.14 confidence, yet the 1D trend is *range*—meaning the squeeze is building, not breaking.
- RSI on 15m sits at 41, already weak, while ATR (1h) is 0.1735—volatility is primed to snap downward.
- Entry ref at 2.067, with TP1 at 1.598 (-22%) before we even t...
Decoding the GEX behind $BTC :
The market has short-run brakes. It doesn’t past tomorrow morning. That’s a term structure split, and it’s much more helpful than either number alone.
0DTE book (brakes, and they are heavy):
Spot at $64,553 is above the flip at $63,770 so the cumulative curve at spot is positive. All call heavy chain, green wall stacking from $63,700 and up (+$7.0M, +$6.5M, +$3.0M, +$5.0M, +$3.4M)
Size: $22.30M per 1% is ~345 BTC of hedging flow per percent, the biggest reading...
I went back to the whitepaper's liquidation section today, past what I'd already covered in this series.
Worth being precise here. Babylon's own paper says liquidations run through a whitelisted set of liquidators watching price and vault state, not a fully open set.
My first read of "trustless" assumed it applied evenly across the whole system, liquidation included.
Not quite. The vault's own spending logic, unstake, liquidate, slash, is enforced cryptographically. But the liquidator set wat...
Institutional investors are increasingly taking positions against the yen, approaching record levels
As of July 28, asset managers and leveraged funds had their second-biggest net short positions ever, just under the 2024 low, according to CFTC data.
Hedge funds are really betting on a downturn, almost as much as they did back in 2007.
Terra Classic’s $LUNC continues to see steady burn activity, with 208 million tokens removed on August 6 alone. Total burns have now surpassed 454 billion, bringing the circulating supply down to approximately 6.45 trillion.
On-chain activity has also shown signs of improvement, as Total Value Locked rose 7% to $732,000, supported by protocols such as Terraport and GarudaDeFi. Juris Protocol is expected to introduce cross-chain liquidity in the near term. The network still operates with a 1.5...
🎙️ The August edition of the DeFi Roundtable is this Friday.
A quant from a perps exchange, an options protocol co-founder, BNB Chain BD, and an institutional on-chain fund, all at one table.
🕐 Friday, August 7 at 1 PM ET
📍 https://x.com/i/spaces/1qKVmmjEVqdxB?s=20
Set a reminder.
At the table this month:
→ Justin Alick (@justinalick), quant at @perpsdotfun
→ Dan Rysk (@DanDeFiEd), co-founder of @ryskfinance
→ Ben (@0xbenito_), BD at @BNBCHAIN
→ Frank² (@HWxFrank), growth and ops at @D2_...
📊 $BTC USDT Perpetual
Signal: 🟡 BUY ON DIP (Cautiously Bullish)
Entry: 64,300 – 64,450
Take Profit 1: 64,800
Take Profit 2: 65,050
Take Profit 3: 65,400
Stop Loss: 63,980
Technical View:
Price is trading around $64,455.
Strong support is holding near 64,100–64,300.
Immediate resistance sits around 64,800–65,000.
A confirmed breakout above 65,000 could open the way for a stronger bullish move, while losing 64,100 may increase bearish pressure. Recent market analysis also points to B...