What a difference a few weeks can make... When I wrote the post, my personal view was that we'll be in the doldrums of crypto winter for a while, not moving up a lot, but not moving down a lot, either I put defensive positions like going into a bunker awaiting an onslaught attack to bring down btc to $10k give or take Bitcoin has nicely gone up. My crypto portfolio has gone up about 50%, yield farms have gone up significantly in value, thus producing a higher yield in fiat terms The value of collateral went up, so borrowed a little more and expanded the farms a little From defensive to offensive, but comes with higher risks If this turns out to be a bear market rally and bitcoin price goes down, below $20k, I'll cut down the farms to payoff the defi debt in proportion Hope everyone invested in crypto assets are doing well. Stay safe and good luck
Long 10 btc perp futures @ $22,755 day-trading for now, bitcoin trades wildly on low volume for this weekend Gambling on the down and up movement
Closed the long 10 btc perp futures position @ $22,650 (5 btc perps), $22,800 (2.6 btc perps) and $22,735 (2.4 btc perps) = loss of about 350 USDT I think tomorrow will be a very good day for bitcoin price to go up Weekend consolidation and chopping around above $22k means Bitcoin can support this massive run up to this level I'll put a 5 btc perp futures position tonight before going to sleep
Bitcoin price has gone up quite a bit for the past 2 weeks and the other crypto assets are performing quite nicely My other crypto assets, Fantom (FTM), SpookySwap (boo) and Equal have outperformed Bitcoin and the other ones have kept in line I believe this is true for many other altcoins like Solana, and Ethereum What does it mean? The value is not going out of the cryptos ecosystem. This is creating a circular economy growth and I would not want to jinx it but this is a behavior of a bull market in cryptos Are we in a bull market now? Nope. Not yet. In my view, bitcoin needs to go above $50k before I can say it's a bull market The signs are good, though
Long additional 5 btc perp futures @ $22,888 Some news of possible DCG fraud. Ark sells some GBTC. Not positive news
Closed whole position long 10 btc perp futures total + ~800 USDT (different price points) Going to read up more on news and stuff
DCG and Genesis and Gemini entanglement re: GBTC It seems TradFi is not done f*cking the Bitcoin and crypto assets markets, yet...