Derivative Market Bulls Have Vanished The bitcoin perpetual swap, the most liquid and traded futures instrument, is a contract that allows traders to speculate on the bitcoin price with leverage. While there is always an equal amount of long and shorts, the positioning of those contracts relative to the spot bitcoin price shows the bullish/bearish bias in the derivatives market.
i dig it....out with the speculative bulls; in with the speculative bears.
at this point im dying to see retailers double down on the apocalypse. every retailer and their grandmother, being fully qualified macro analysts by now, have concluded with mathematical certainty that, A) our beloved "jpow" has turned into a monstrous bird of prey and that B) this means that everything must be sold NOW and C) all proceeds, including today's lunch money, must be dropped into put options or short contracts
now if only markets followed the horde consensus said horde would be rich all the time instead of wrong most of the time -- and so the current crash is just too obvious to be the one imo...ive been wrong since early December though so who the hell knows at this point. all i know is that im feeling pretty "price agnostic" myself these days...
i dig it....out with the speculative bulls; in with the speculative bears.
at this point im dying to see retailers double down on the apocalypse. every retailer and their grandmother, being fully qualified macro analysts by now, have concluded with mathematical certainty that, A) our beloved "jpow" has turned into a monstrous bird of prey and that B) this means that everything must be sold NOW and C) all proceeds, including today's lunch money, must be dropped into put options or short contracts
now if only markets followed the horde consensus said horde would be rich all the time instead of wrong most of the time -- and so the current crash is just too obvious to be the one imo...ive been wrong since early December though so who the hell knows at this point. all i know is that im feeling pretty "price agnostic" myself these days...
and so we beat on...boats against the current