THE FLYING TESLA RALLY LIVED AND DIED WHILE NASDAQ SLEPT
362 TO 380 TO 352
That is the whole life of the flying Roadster trade on crypto markets and Wall Street missed both ends of it
Musk unveiled the thruster Roadster on Oct 15 after the Nasdaq close so crypto became the tape for the night Hyperliquid hourly TSLA volume exploded 1580 percent from 3M to 47M and the contract ripped 5 percent to 380
Binance was the biggest venue with 279M in 24h volume that night and later prints near 564M while Hyperliquid carried 99M in open interest the highest on any venue
Fresh Sunday check on my screen shows the Hyperliquid TSLA perp trading 352 against a 353 prior day close with only 10M in day volume and funding flat The pop got fully faded below the 362 close that existed before the reveal
This morning brought real demand data with India reservations opening at 5 lakh rupees down and the US page wanting 50K for the Performance trim and 250K for Thrust while the flying Rocket stays invite only and is not approved for public road use
Analysts are not impressed and Gene Munster says the reveal has no commercial value beyond a Tesla SpaceX merger hint
My take is simple and crypto graded the Roadster as a weekend meme and sold it Wednesday Oct 21 earnings decide the stock now 44 cents EPS expected after Q2 missed by 34 percent and the stock sits right on its 50 day line at 358 while BTC holds 82000 through this whole Sunday bleed
The invalidator is a perp daily close back above 380 which would mean the market re priced the flying car as real demand not hype
By Friday night does TSLA print above 380 or below 340 $TSLA $BTC
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #TeslaPerps
362 TO 380 TO 352
That is the whole life of the flying Roadster trade on crypto markets and Wall Street missed both ends of it
Musk unveiled the thruster Roadster on Oct 15 after the Nasdaq close so crypto became the tape for the night Hyperliquid hourly TSLA volume exploded 1580 percent from 3M to 47M and the contract ripped 5 percent to 380
Binance was the biggest venue with 279M in 24h volume that night and later prints near 564M while Hyperliquid carried 99M in open interest the highest on any venue
Fresh Sunday check on my screen shows the Hyperliquid TSLA perp trading 352 against a 353 prior day close with only 10M in day volume and funding flat The pop got fully faded below the 362 close that existed before the reveal
This morning brought real demand data with India reservations opening at 5 lakh rupees down and the US page wanting 50K for the Performance trim and 250K for Thrust while the flying Rocket stays invite only and is not approved for public road use
Analysts are not impressed and Gene Munster says the reveal has no commercial value beyond a Tesla SpaceX merger hint
My take is simple and crypto graded the Roadster as a weekend meme and sold it Wednesday Oct 21 earnings decide the stock now 44 cents EPS expected after Q2 missed by 34 percent and the stock sits right on its 50 day line at 358 while BTC holds 82000 through this whole Sunday bleed
The invalidator is a perp daily close back above 380 which would mean the market re priced the flying car as real demand not hype
By Friday night does TSLA print above 380 or below 340 $TSLA $BTC
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #TeslaPerps