Farzad
Reading some things about $PENDLE and it’s correlation with STRC. TLDR; most of the protocol’s revenue goes back to the holders through buybacks and staking rewards and not just emissions. As STRC usage and TVL grows -> creates more buy pressure on PENDLE…
Didn’t fill all the way but it’s up +5% so far, looks good for higher. I’m gonna take some off since I sized decent and holding the rest for now 🫡
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TRUMP: US IN POSITIVE DISCUSSIONS WITH IRAN THAT COULD LEAD TO SOMETHING VERY POSITIVE
Farzad
STRC moving back towards par, trading @ $99.75 right now. If this can get back to $100 soon then we will get good Saylor flows back and push us to 80K again.
$80K finally here ✅
Positions update:
BTC spot buys up ~14% now, will update when I TP more
PENDLE long also green, didn’t fill all my bids but holding, still looks good up 6% or so
Positions update:
BTC spot buys up ~14% now, will update when I TP more
PENDLE long also green, didn’t fill all my bids but holding, still looks good up 6% or so
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gm, looks like some fud about Iran striking US ships overnight, BTC fell a little then US denied, now the dubai warning just came out
Farzad
$80K finally here ✅ Positions update: BTC spot buys up ~14% now, will update when I TP more PENDLE long also green, didn’t fill all my bids but holding, still looks good up 6% or so
PENDLE really nice move overnight, up 17% now I’m taking more profit here and I moved stop loss to B/E
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UAE'S FUJAIRAH SAYS FIRE ERUPTS IN PETROLEUM INDUSTRIAL SITE FOLLOWING DRONE ATTACK FROM IRAN
Accidentally closed all of PENDLE while on mobile 🥲
+18% so we’ll take the W
Can stay in if you’d like
+18% so we’ll take the W
Can stay in if you’d like
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(Sources close to Axios reports that Iranian ‘peace rockets’ were launched at the UAE as a way to celebrate the end of the war)
Farzad
Accidentally closed all of PENDLE while on mobile 🥲 +18% so we’ll take the W Can stay in if you’d like
Well that was an awful mistake on my end, it’s up +24% now hope some of you are still in!
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One thing I wanted to say that happens a lot during times like this is:
Price moves -> Narrative follows
in this case $80K being a big level to flip and hold for BTC imo. People will see XYZ price and think “$100K or new ATH soon?” and end up buying. Also happens a lot in alts as well, like PENDLE was good example of this recently.
On the other hand, BTC usually starts all the rallies in crypto majority of the time. If you go back to the 2022 lows, before most alts, even majors like SOL did any significant move, all eyes were on BTC first; and STRC demand this time around plays a factor in that.
h/t TaikiMaeda2
Price moves -> Narrative follows
in this case $80K being a big level to flip and hold for BTC imo. People will see XYZ price and think “$100K or new ATH soon?” and end up buying. Also happens a lot in alts as well, like PENDLE was good example of this recently.
On the other hand, BTC usually starts all the rallies in crypto majority of the time. If you go back to the 2022 lows, before most alts, even majors like SOL did any significant move, all eyes were on BTC first; and STRC demand this time around plays a factor in that.
h/t TaikiMaeda2
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SAYLOR: WE WILL PROBABLY SELL SOME BITCOIN TO PAY A DIVIDEND JUST TO INOCULATE THE MARKET JUST TO SEND THE MESSAGE THAT WE DID IT
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Farzad
PENDLE really nice move overnight, up 17% now I’m taking more profit here and I moved stop loss to B/E
PENDLE up 32% now, if anyone still in I’d hold it for sure, I’m coping for closing and it didn’t really give any dips to re-enter on for me.
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U.S. and Iran closing in on one-page memo to end war, officials say: Axios
(late, came out at 4am est)
(late, came out at 4am est)
I’m sure most of you saw the Durov <> TON fee reduction news Monday, I was at the gym and it didn’t really move initially on the post but ripped after. That was a easy news long as well that I missed 😔
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