Musings of the Day, 11/18/2022:
Oh nice. Twitter is still here.
Oh nice. Twitter is still here.
GS on today's post-opex flushout of 0dte mofos:
"I see a market that is losing long gamma, looks vulnerable from a perspective of a lot of non-economic buyers could become non-economic sellers, shorts have been covered, and there is going to be a new concern in the market..."
"I see a market that is losing long gamma, looks vulnerable from a perspective of a lot of non-economic buyers could become non-economic sellers, shorts have been covered, and there is going to be a new concern in the market..."
Not entirely ready to write off a big Oil ramp into YE with EU Embargo on Russian Oil starting 12/5, BUT when front-month time-spreads flip from backwardation to CONTANGO, you gotta watch out.
What an altruist. Why does everyone hate him? ๐คฎ๐คก
youtube.com
youtube.com
This is rolling front-month Brent. Not gonna lie. Manipulated or not, oversold or not, this has been ugly. Let's see what happens post Dec 5.
About that Pivot turned Pause turned Step-Down narrativeโฆ
Anyone else watching this $GBTC and $ETHE implosion and wondering about next shoes to drop? ๐ซฅ
The entire $BTC / Crypto ecosystem is caught in a reflexive loop now where:
Perceptions of Business Deterioration -> Fear of Losses -> Redemptions/Withdrawals -> Real Business Stress -> Rinse and Repeat
I call it "Perception To Reality" Risk. ๐ฌ
Perceptions of Business Deterioration -> Fear of Losses -> Redemptions/Withdrawals -> Real Business Stress -> Rinse and Repeat
I call it "Perception To Reality" Risk. ๐ฌ
I'm not deep in the weeds enough to understand the implications of what happens when multiple players in this loop get taken out, which appears to be happening. Thoughts, Twitterverse?
Spoke too soon. See yโall on Facebook. ๐
Not particularly confidence inspiring. $GBTC
This you @profplum99 ? ๐
Is that bad?๐๐คทโโ๏ธ
Hereโs the thing. If there was TRUE UNDERLYING VALUE, there WOULD be rescue financing from TradFi at a price. The fact that the ONLY rescue financing came within the Crypto ecosystem and now those rescuers need rescuing tells you everything.
Would be shocked to see Apollo bite.
Duh. If a shady financier like Binance within the Crypto ecosystem bails, was there ever a real likelihood of a white-shoe TradFi financier biting?
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