slurp 〽️ @slurpxbt Twitter profile

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slurp 〽️

5 months

@Bybit_Official gave me special ref so you can get 10% discount on fees and 30k deposit bonus I suggest you use it with my cli for the optimal execution all for free ofc

GitHub - slurpxbt/Bybit_execution_cli: SPOT and Futures CLI

SPOT and Futures CLI. Contribute to slurpxbt/Bybit_execution_cli development by creating an account on GitHub.

github.com

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slurp 〽️

@slurpxbt

1 year

don't think I've been this bearish for very long time now millions reasons to go up, positive news, narratives, stocks ripping and yet the best it can do is retrace every single move every rip up makes marginal new high, no momentum etc, it's dead 20k soon imo

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slurp 〽️

@slurpxbt

11 months

whatever market gods there are pls just don't do this again

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slurp 〽️

@slurpxbt

1 year

I think if you give any probability of next big run happening you should just buy some pepe and hold until it really goes balistic thesis is simple: shiba top 40bil doge top 70bil pepe rn 680mil

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slurp 〽️

@slurpxbt

10 months

max pain imo

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slurp 〽️

@slurpxbt

1 month

i think sol onchain meme grift cycle was probably worse for the crypto than FTX collapse itself really don’t see where we are headed if things continue at current pace

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slurp 〽️

@slurpxbt

1 month

hats off to anyone that can still be positive about this market I am generally optimist but finding it really hard to get any conviction for upside maybe next year ?

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slurp 〽️

@slurpxbt

2 years

SBF clearly didn't use FTX interface single time in his life shit is uselless gave them a chance again a month ago...back to binance we go

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slurp 〽️

@slurpxbt

6 months

Larry, Barry, Gary the good, bad and the ugly 2024 in a nutshell

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slurp 〽️

@slurpxbt

1 year

imagine the smell nothing else but playing with idea a bit

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slurp 〽️

@slurpxbt

1 year

very sad day here half of country literally underwater

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slurp 〽️

@slurpxbt

4 months

I think we get alts down 20-25% in next 2 weeks

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slurp 〽️

@slurpxbt

5 months

aye the shit i got for being bearish at 74k

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slurp 〽️

@slurpxbt

1 year

quant sent me this

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slurp 〽️

@slurpxbt

1 year

I really don't get it why so many ppl want binance to go down u mentally disabled or what ? bro but CZ...yes he is a businessman not a charity worker

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slurp 〽️

@slurpxbt

1 year

stables at start of the year vs today around 15bil decrease, roughly 2bil per month, so it nets around 66mil of outflow per day btc has around 800mil of notinal inflation per month(26mil per day) so rough math we're short around 90mil per day of inflows just to stay flat

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slurp 〽️

@slurpxbt

2 years

highest beta, funding increasing while price going down and btc on a cliff you know what to do here

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slurp 〽️

@slurpxbt

4 months

I wonder why everyone is losing it's mind oh here we are the longest range in pretty long history

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slurp 〽️

@slurpxbt

7 months

I think we are very close to that multi week pullback spot in bullrun not sure about price wise where it does it but defo think time wise music is stopping for a bit very soon

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slurp 〽️

@slurpxbt

1 year

wana see something funny ? here is me eating shit past 2 weeks

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slurp 〽️

@slurpxbt

2 years

hear me out...let's all just buy btc instead of going 100% into worthless shitcoins maybe ?

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slurp 〽️

@slurpxbt

2 years

@trader1sz this s what alameda had as of this morning

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slurp 〽️

@slurpxbt

5 months

I think you just need to really focus on 2 things to make money here and that's basically 1) asset selection 2) trading conditions the bad part is that you get one of those wrong and you get obliterated or have basically zero to no returns

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slurp 〽️

@slurpxbt

2 years

kind reminder to every trader that this is only the game against urself and nobody else this was pretty much just result of overtrading after extended move and trying to chase market because I was not positioned on the big move

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slurp 〽️

@slurpxbt

2 years

lol ppl really cry about 100 ETH supply increase per day maybe check what was number before

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slurp 〽️

@slurpxbt

2 years

thread on options selling - this is not another generic thread on selling but focused more on capturing as much yield as fast as possible - you really should have some felling where market could move(but I guess if ur selling options you already have that)

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slurp 〽️

@slurpxbt

2 years

I think this will take time to settle in what it means for this market atm their is clear dislocation between ppl affected and not affected not affected: forced seller done, sidelined capital gonna fomo affected: this space is fucked, trust gone etc

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slurp 〽️

@slurpxbt

8 months

so on rolling year basis the biggest pullbacks were all in the 20-23% range we just had 21.5% one if you add some recency bias betting on more down from here is not in your favour imo

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slurp 〽️

@slurpxbt

2 years

imo liquiidity drain from alts will be absolutelly horrific from here on it was bad until now but imo it accelerates

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slurp 〽️

@slurpxbt

7 months

man btc is 4% from highs and 20% of all etf flows are already underwater

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slurp 〽️

@slurpxbt

1 year

lol btc sneezes 200$ and alts puke 5-10%

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slurp 〽️

@slurpxbt

2 years

is it that hard to understant that CZ selling all their FTT on open market shouldn't really impact any withdrawals from ftx did luna going to 0 impact your eth withdrawal ??? no it didnt' why would ftt this was not caused by token going to 0 but fucking around with users capital

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slurp 〽️

@slurpxbt

7 months

i did start this etf holders underwater as a joke but for real it can become a bit of a problem if we go to 60 or under, believe me tradfi people cut trades faster than avg crypto degen

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slurp 〽️

@slurpxbt

1 year

first time in a while that those stats are not negative across every tf seems like bulk of money leaving the system is now over

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slurp 〽️

@slurpxbt

7 months

soon 4.2bil etf flows gonna be underwater yes that's 40% of all etf flows u rebalancing yet ?

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slurp 〽️

@slurpxbt

7 months

man I am all for pushing it hard and all but have this feeling that it's time to get on a brakes for a bit feels like we are 1 bad btc day away from giga flush im still buying dips but very uncomfy holding any positions for more than a day atm

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slurp 〽️

@slurpxbt

4 months

hm pretty violent move today usually trend forming or sign of massive condition change combined with to many ppl discounting of bear market probabilty I think it’s actuall very close to atleast 50% prob we don’t see above 70k next 12 month or something

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slurp 〽️

@slurpxbt

2 years

it's been a year already

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slurp 〽️

@slurpxbt

2 years

I think fold is one of the coins that pretty much nobody own and will eventually pile in it's critical eth infra, has product market fit and unique(which is kinda rare to find nowadays) the best thing...literally none of ppl I track hold this and will eventually have to

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slurp 〽️

@slurpxbt

1 month

and that being said I think we have like 2 months to do something price wise on btc or else we gonna see the biggest bleed out u can imagine I do see eth below 1k, sol below 40 etc

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slurp 〽️

@slurpxbt

4 months

continous btc spot etf inflows not able to support price and resulting lower each day oi back to froth levels and now most of oi is on eth, overall stable mcap not increasing, memes flying again I don't want to be a bear but I am a bear

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slurp 〽️

@slurpxbt

1 year

random thoughts what's the posibility that crypto enters like a multiyear slump period where we are trading in iliquid conditions and just nothing moves not really a bear market but just current conditions and extended for cpl more years

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slurp 〽️

@slurpxbt

2 years

im a sucker for snow and powder skiing so here are couple pics from on one the best powder days i ever had

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slurp 〽️

@slurpxbt

1 year

we give it reasonable 2.5x lev and it's a milly from 10k in 25 trades lol need to check for errors but defo deploying this also very unsensitive for leverage change which is big bonus

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slurp 〽️

@slurpxbt

8 days

I want to be bull but can't unsee this

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slurp 〽️

@slurpxbt

1 month

at this point if eth ever goes up it will probably be 2 week run up to 10k and everyone will miss it 🤣

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slurp 〽️

@slurpxbt

4 months

like this is first time in a while where I am actually giga bearish and think more that just some retracement is going to come btc and eth probably not as violent as we used to but 50% bear mkt would around where im looking at alts 70-80% from here

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slurp 〽️

@slurpxbt

1 year

imagine if this market could sustain being strong for 12h straight

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slurp 〽️

@slurpxbt

2 years

not really to flex just showing the results of hard work all data automation in discord feeds and obssesing about execution yielded amazing results this year pretty much already achieved pnl plan for this year and more now just chilling in some spot and lots of cash

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slurp 〽️

@slurpxbt

1 year

kinda think 30mil EF sell got way to much attention and it's essentially nothingburger

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slurp 〽️

@slurpxbt

2 years

I think 4h 200ema is relativelly good trend play here, also offers good r/r if it fails here you can prrobably leave the market for another 6 months and not miss anything

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slurp 〽️

@slurpxbt

7 months

lmao closed the btc and eth longs here and will look again when funding cools off a bit keeping some alt longs open since all they have are pushing ath's

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slurp 〽️

@slurpxbt

2 months

I think you get like 6 months of downonly from here on stuff that was strong latelly sol and similar and then maybe we look to buy

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slurp 〽️

@slurpxbt

1 year

touching grass

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slurp 〽️

@slurpxbt

2 years

looking at binance balances there is no notable inflows of any coin which further support my up more thesis for everything similar on kraken

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slurp 〽️

@slurpxbt

3 months

crypto is really only market when price can make weekly lower low on closing basis and ppl still we like yeah it’s still mid bull and not pricing in new POTUS I’m not saying it can’t be true but my friend odds are not in your favour

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slurp 〽️

@slurpxbt

2 years

I think u wait atleast for 2 legs down here most who were sidelined will be eager to lever up on the first dip just to be taken out on the 2nd patience will be key here

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slurp 〽️

@slurpxbt

3 months

pretty happy with first half of the year on portfolio up like 180% usd and 90% and 95% against btc and eth not sure how big opp we get into end of year but atleast coins are getting cheaper 🤷‍♂️

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slurp 〽️

@slurpxbt

7 months

jesus

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slurp 〽️

@slurpxbt

2 years

imo caroline was thrown into this not knowing anything

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slurp 〽️

@slurpxbt

1 year

almost 4 months of trend now kinda over I think it's range market until proven otherwise, would not bet on excessive downside or upside

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slurp 〽️

@slurpxbt

9 months

why do I think this is pretty much giga froth ? global oi around 31bil and avg funding around 0.07% that's like 35mil in funding per day to sustain...we need 1 saylor per week to sustain being long without price appreciation

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slurp 〽️

@slurpxbt

10 months

thesis saylor using only 1 chair for support

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slurp 〽️

@slurpxbt

7 months

study close to the longest uptrend since 2019, oi ramping up into infinity zoomed out charts basically verticall with around 6-8 consecutive weekly greens oi flush and put back on cycles now beeing shorter and shorter ppl saying it just started will there be lessons ? maybe

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slurp 〽️

@slurpxbt

2 years

I think one of the best time investment I ever made was putting together this discord for constant and consitent informantion flow it's so much easier when info is already digested and it's actually what you want to see everyday especially now that market is exciting again

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slurp 〽️

@slurpxbt

2 years

@MoonOverlord @icebergy_ am user withdrawals should never be compromised with some token going to 0 it's the fucking around with users funds that is problem here..not selling ftt

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slurp 〽️

@slurpxbt

2 years

I'm fucking sad fucking vegan frauded away the most beautiful free market on eath

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slurp 〽️

@slurpxbt

2 years

crypto traders really are different breed tbh crypto: lost 80% on ftx and martingale short on other venue so overall up 10% the week(it is what it is) tardfi: we hitting our var limits this month being down 20bps(bear market hitting hard)

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slurp 〽️

@slurpxbt

2 years

anyone else think alts get absolutely drained in next month or 2 ?

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slurp 〽️

@slurpxbt

2 years

US Gov selling ther btc before mt gox unlock, kinda smart ngl

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slurp 〽️

@slurpxbt

1 month

it's been a long range

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slurp 〽️

@slurpxbt

2 years

justin alone nuked 75mil lol

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slurp 〽️

@slurpxbt

1 year

starting to get worse than 2014 from time perspective

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slurp 〽️

@slurpxbt

2 years

Personally I moved all my stables into onramp usd I do think chances are relativelly high usdc gets tagged by SEC and in that case I would assume tether also depegs will arb out that tether depeg, or eat the loss on the fee but as always, better to panic first

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slurp 〽️

@slurpxbt

10 days

ethbtc up, tons of oi added and btc kinda just stalling is this time different ?

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slurp 〽️

@slurpxbt

3 months

I think you wait for shape like this and start longing 200D ema prolly very good inval spot from here on

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slurp 〽️

@slurpxbt

2 years

I think there is 1 really great trade to be made out of this mess and it's long binance..up to you how you structure the trade but imo no brainer trade that most will overlook because it's already boring trade

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slurp 〽️

@slurpxbt

10 months

we are at that part of the cycle where you get mocked for tping and ofc funding is not a concern in this cycle and this time is different

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slurp 〽️

@slurpxbt

6 months

man as soon as su and kyle started sharing pnl cards and telling risks are to the upside market turned into dogshit

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slurp 〽️

@slurpxbt

2 years

decided to stop buying dips and derisked a lot had great month and don't want to give back seems like buying dips doesn't work as good anymore, also this binance entity started moving big asks down

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slurp 〽️

@slurpxbt

2 months

saw guy benching 8 plates in the gym asked him how he does it and said he’s been holding big eth bag for around 7 months now

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slurp 〽️

@slurpxbt

3 months

oh you heard tungsten is heavy ? let me introduce you to ethereum

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slurp 〽️

@slurpxbt

3 months

so how de we price germnay basically being done selling this week ?🤔

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slurp 〽️

@slurpxbt

6 months

I really do think initiall etf run up was one off and not something it's just going to continue time to really get picky with entries or you gonna chop urself big imo some of that cb edge already decaying not saying is bearish or anything but I can see this just starting to

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slurp 〽️

@slurpxbt

2 years

past 2 weeks btc pa really been uderwhemling...literally 0 interest from buyers not to say past 8 months was anything different but this 2 weeks are really something else

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slurp 〽️

@slurpxbt

16 days

gm gamblers

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slurp 〽️

@slurpxbt

1 month

jusging by the responses on the sol tweet it’s going to 40

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slurp 〽️

@slurpxbt

2 years

justin yeeting 320 mil into steth makes me think downside very limited on eth and also makes a good thesis to be long ldo

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slurp 〽️

@slurpxbt

6 months

same thing added on binance cli basically you can have grid like this up in 30seconds

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slurp 〽️

@slurpxbt

1 year

this time was not different

slurp 〽️

@slurpxbt

1 year

do we range for 2 weeks again or this time is different ?

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slurp 〽️

@slurpxbt

1 year

this is starting to look real good imo 28k level to hold and if it does I expect 37 and 46 probably somewhere in next 2-4months

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slurp 〽️

@slurpxbt

3 months

I think I can stop bearttarding here and now just wait for a setup to start buying again will be picky with entries and most likely still wait for decent amount of time but I don't think this is place to spread bear propaganda anymore

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slurp 〽️

@slurpxbt

2 years

recent cpi events both times selloff into it and then really good shortterm buy personally I am looking to buy daily open of the day of cpi if we sell off on monday

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slurp 〽️

@slurpxbt

10 months

stable mcap finally going up

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slurp 〽️

@slurpxbt

2 years

this is what I track from justin imo he can't even plug 5% of ftx hole...but ofc tweeting like everything will be fine

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slurp 〽️

@slurpxbt

4 months

sorta though we would have lot more momentum to the downside funding also ticking neg on every push I think just the longer this persist the less probable my bear thesis is, expected it to really pick up momentum after fomc

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slurp 〽️

@slurpxbt

2 years

imo time to start paying attention to where money is going if btc rips hard I think it's smart to allocate some money into chains with most inflow, alts probably run after btc stops or atleast I expect them to for now KAVA seems to be the outlier

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slurp 〽️

@slurpxbt

5 months

I think you set alerts at 68k and 56k and just leave for the summer... come back if any of alerts triggers

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slurp 〽️

@slurpxbt

4 months

again posts about memes not being local tops social celebrity tokens being seens as good u guys really don't learn anything, we deserve 30% down tbh

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slurp 〽️

@slurpxbt

7 months

hm we back at the same spot basically as couple days age pre flush a tiny bit lower funding atm but picture relativelly the same don't think ther is much opp to capture on perp side of things at the same time not really sure if's time to hedge given we are teasing ath's

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slurp 〽️

@slurpxbt

2 years

spot market completely dead

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