3x and continuing to fly

A symbol of the left,

That ends up being embraced by the right even more?

Something $PNUT-ish about that…

(Reminder- for these things I always decide within the first few minutes, all in at the start or never.)

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Markets in sharp disagreement over whether that ~$221 was the local bottom

Markets trying to make up their mind

Who knows, we’ll see

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FYI seeing sustained, very high MVRVs on this one,

Much like early BARSIK and many others that turned out to be absolute senders, for at least for some days or weeks

(Though a continued majors crash, if that happened, could attenuate this quite a bit, which is one big question here)

Something so funny about taking a left-wing icon that the lefties had been worshiping for days and flipping it right-wing overnight

Almost funny enough that who cares about the gainz

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Nerd Heat — Yup, subset of the right-wing who were onboard from the start were the nerd heat thought leaders of the pack, while the those on the right who were feining offense at the situation were the follower retards who couldn’t think from first principles for themselves to save their lives

Despite Test — Yup, 1/4th of right wing been feining offense

T-shirt Test — Yup, the lefties were already selling merch based on the dude and

Eyebrow Test — Hoes melting for dudes eyebrows

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Possible double bottom but pretty unclear

Markets still deciding

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About to be winning so hard the commie big pharma CEOs will start shooting themselves

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Andrew Witty, CEO of UnitedHealth Group, if UHG planned to scale back on DEI initiatives, he says no “we remain as committed as we ever have been to the whole DEI agenda" and doubles down on a commitment to Medical Lysenkoist “health equity.”

Screw these commie-run, useless administrator-filled, huge lefty organizations

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Only shocking to the laggard influencer retards who can’t think for themselves from first principles

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🚨🚨🚨 MASSIVE CRYPTO FLASH CRASH

So massive that many of the perp exchanges couldn’t even liquidate positions went way below liquidation price…

Very strange. Investigating.

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Yes, confirmations of that observation coming in

Those who had stop-losses seem to have all gotten automatically wiped out during this flash crash

While those WITHOUT stop losses — were NOT wiped out, despite price going WAY below their liquidation prices

— Because the perp exchanges just couldn’t dump fast enough during that flash crash to even liquidate those positions

Bizarre.

Saved by failed order executions.

Always wondered about this scenario — Behavior of these exchanges is extremely poorly documented.

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Markets in sharp disagreement about which way to go indeed

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What a flash-crash that was

$SOL hit $203

$ETH hit $3.5k

$BTC hit $94k

Yeah the perp exchange’s behavior makes sense

In a small flash crash — liquidations are the traders’ problem

But, in a sufficiently deep flash crash, which immediately bounces back, with some traders buying at the rock bottom — liquidations suddenly become the platforms problem

Sufficiently big flash crashes could bankrupt the whole platform, if handled wrong

— at best forcing the the platforms to take huge haircuts even from winning traders,

— and at worst, making the entire platforms insolvent and bankrupting the platforms themselves

Happened e.g. in ~2012 Bitcoin flash-crashes IIRC

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Traders may call this a bull flag but man do those dips look scary

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From recent highs, that was a:

-10% drop for $BTC
-14% drop for $ETH
-23% drop for $SOL

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Luigi Mangione arrives at court for a preliminary arraignment hearing

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