tenacious ∞ liquidity
global
Joined August 2020
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Black Code Group retweeted
added futures/perps open interest denominated in bitcoin to the bot
this plays an important role when estimating cascading liquidation risk due to long saturation
Black Code Group retweeted
For those curious, this is what market making can look like
(yes some of that is from holding inventory)
Total return: 135.16%
Vol: 26.48%
Sharpe: 5.09319997
Win/Lose ratio: 67.90%
Days: 162
Average Loss: -1.41%
Average Gain: 1.48%
Avrg Monthly Return: 16.54%
@BlackCodeGroup
Black Code Group retweeted
It's becoming necessary for Bitcoin to go back to being developed largely by pseudonyms.
This is a trillion dollar asset now. The code and developers will be a target: whether by malicious private entities, or nation states.
Time to anonymize, and decentralize.
Black Code Group retweeted
MicroStrategy Completes $1.05 Billion Offering of Convertible Notes at 0% Coupon and 50% Conversion Premium with #Bitcoin Use of Funds
microstrategy.com/en//invest…
Black Code Group retweeted
System transitions are volatile, buying bitcoin and expecting it to behave short vol is missing the point. Change has always been long vol. Stay short vol if you want to bet on the status quo, but historically this has been a losing position.
Black Code Group retweeted
Recent #tether history
29/01/21: 26 billion (2 days)
02/02/21: 27 billion (4 days)
05/02:21: 28 billion (3 days)
08/02/21: 29 billion ( 3 days)
Black Code Group retweeted
Bitfinex announces loan repayment to Tether ⬇️
bitfinex.com/posts/600
Black Code Group retweeted
Value of transfers sent in 2020, by network.
Zelle: $307 billion
PayPal: $963 billion
Stablecoins (on-chain): $1.04 trillion
Fedwire: $840.4 trillion
Sources: 1) zellepay.com/press-releases/… 2) s1.q4cdn.com/633035571/files… 3) theblockcrypto.com/linked/88… 4) frbservices.org/resources/fi…
Black Code Group retweeted
The current average for Ethereum transaction fees is now near $17.48.
With many DeFi projects requiring the execution of complex smart contracts, there are reports fees associated with using protocols requiring these transactions now exceed $1,000.
Black Code Group retweeted
Low-information investors gift money to high-information investors. It's always been like that.
Black Code Group retweeted
A more detailed explanation of the whole
"A double-spend broke Bitcoin" FUD that was circulated by an irresponsible publication.
1/
Black Code Group retweeted
President Joe Biden has frozen Steve Mnuchin's proposed FinCEN rule that targets “unhosted” cryptocurrency wallets.
whitehouse.gov/briefing-room…
Black Code Group retweeted
Tether transactions on Tron outnumber Ethereum for the third consecutive week as lower fees continue attracting smaller transactions.
Report by @zackvoell
trib.al/wFHFFCX
