EVP retweeted
Still a super underrated aspect of @CurveFinance's lending platform (LlamaLend).
On any other crypto lending platform, if the value of your non-stablecoin collateral drops enough because of a market dip, your position gets liquidated- and there is no coming back from that. Game over.
On LlamaLend, your position can enter a "soft liquidation" phase, which auto-converts portions of your otherwise volatile collateral into $crvUSD as price moves against you, protecting the value of your collateral and therefore your borrowed position to avoid a "hard" liquidation. As the market recovers, it converts that $crvUSD BACK into the original asset, (essentially buying back your original collateral with the accumulated $crvUSD) so that your borrowed position can literally AVOID liquidation during unexpected market dips.
Quoted tweet below is a nice demonstration of this feature in action 👇
So, my position was protected from liquidation and successfully exited the liquidation protection range. The whole experience cost me about $45 in wstETH, which went to arbitrageurs as fees for converting my collateral within the range.
Of course, it's better to avoid situations like this. I simply didn't manage to add more collateral before the price dropped.
I also repaid 100 ethereum:0xf939e0a03fb07f59a73314e73794be0e57ac1b4e of my debt yesterday to make sure my health stayed above zero throughout this period.
Everything is working as intended. DeFi will win!
EVP retweeted
Crypto twitter has collectively lost it's mind as $BTC trades *checks notes* less than 3% below the range lows that we've been watching.
Those untapped lower highs are not going to magically disappear and with this structure it makes zero sense to be positioning for downside here (unless you're already positioned from higher up or are using a very tight stop).
Was vocally bearish at high 80k's when most weren't, and now for me personally focus is on the next move higher, not whatever little downside bears are able to squeeze out of panic sellers at these levels.
EVP retweeted
Yet another indicator telling us #Bitcoin has bottomed.
EVP retweeted
🇱🇹 NE LITHUANIA PLANS TO SPLIT ITS POWER GRID INTO SEVEN AUTONOMOUS ZONES TO WITHSTAND SABOTAGE
Lithuania has unveiled plans to fundamentally restructure its electricity grid to ensure power supplies can continue even if major parts of the national network are damaged or disabled.
• Lithuania plans to divide its electricity grid into seven regional zones capable of operating independently during major disruptions.
• Ten new flexible power plants with a combined capacity of 800 MW are planned to support the system.
• The plants would be capable of generating electricity even when wind and solar power are unavailable.
• Tenders are expected to begin in 2027, with the new power plants scheduled for completion by 2033.
• The strategy draws on lessons from Ukraine's efforts to maintain electricity supplies despite repeated Russian attacks on its energy infrastructure.
Rather than relying solely on protecting existing infrastructure, Lithuania is preparing its electricity network to continue functioning even after parts of it have been damaged.
The proposal represents a significant shift towards infrastructure designed to withstand potential sabotage and wartime disruption.
The seven autonomous zones are planned, not yet operational.
EVP retweeted
People are coming around 👏
binance controls the $btc price
the btc price is not set by buyers anymore
91% of btc volume on binance is now perps..... the highest share ever recorded
the real spot buyer moved out
> long term money buys etfs in us hours
> offshore is mostly perps chasing liquidations
so the price you watch on a sunday night is set by leverage
every wick gets a headline after the fact
> jensen did it
> the etf outflows did it
but the liquidation engine is what actually did it
anyone can see where liquidations cluster on a public heatmap
thin weekend books make them cheap to reach
longs paid funding nearly every day this month
and most binance accounts still lean long
that pile of borrowed longs is the fuel for every flush
when 91% of volume is borrowed price goes wherever the most pain is
perp traders will hate this since every loss gets blamed on a headline
except headlines are fake- they are the headline
every flush hands cheap coins to spot holders
stop reading wicks as a verdict on btc
own spot and let the perps fight
the next leg up wont need a headline either
and it will hurt the same people
once these games end ath is coming
EVP retweeted
Public note @tradingview
If you don't fix that glitch, all the TOTALs charts are going to be simply unreadable, as some indicators are simply messed up right now... You charge A LOT, to a lot of people for your product, please honor the duty to right service....
EVP retweeted
🇱🇻🇧🇾 Łotewscy pogranicznicy będą mogli strzelać bez ostrzeżenia.
Ryga stawia na twarde rozwiązania. 29 października łotewski Sejm zmienił ustawę o Państwowej Straży Granicznej i kodeks postępowania karnego. Funkcjonariusze strzegący granicy z Białorusią dostali wyraźne prawo do użycia siły, chwytów obezwładniających, psów służbowych i broni palnej, gdy trzeba odeprzeć atak na ludzi lub na graniczną infrastrukturę.
Najwięcej emocji budzi jeden przepis: strażnik może otworzyć ogień bez ostrzeżenia, jeżeli w danej sytuacji ostrzeżenie nie jest możliwe. Każde zranienie lub śmierć po użyciu broni trzeba natychmiast, a najpóźniej w ciągu doby, zgłosić prokuraturze.
Łotysze nie ukrywają, skąd ta decyzja. Na początku października zamaskowani, uzbrojeni ludzie z Białorusi próbowali wepchnąć grupę migrantów na łotewską stronę i grozili przy tym żołnierzom. Do akcji przyznała się mało znana grupa „Czarna Ruś”, którą analitycy uważają za przykrywkę białoruskich i rosyjskich służb. W tym samym czasie zgłaszano niszczenie systemów monitoringu granicy, a liczba prób nielegalnego przejścia liczy się w tym roku w tysiącach.
„Na zewnętrznej granicy naszego kraju toczy się dziś wojna hybrydowa” – mówi Raimonds Bergmanis, szef sejmowej komisji obrony.
EVP retweeted
Yeah, yeah, correlation isn't causation and all that, but...
In similar setups in the past, whenever $OTHERS climbed above its macro fair value relative to global small caps, it entered a period of consolidation.
And during those consolidation phases, $NDX / $QQQ experienced severe corrections each time.
An interesting historical relationship worth keeping an eye on.
EVP retweeted
Local lows swept, range lows and "bounce zone" held, I believe that was our bottom.
Now let's finally send it to 90k+.
$BTC
In the last few days, Binance got hacked for 6B, has now fully covered all lost assets, has begun opening up withdrawals again, and $BTC still sits in its HTF demand zone while holding a higher low after dipping just 7% on the news.
I think both sides of this range will get taken sooner or later, but my primary bias is to assume that if demand held through the last few days it's unlikely to break now that everything has pretty much blown over.
I still think we need to be cautious if/when we head for the range highs at 90k+, explained in depth in the video update shared a day or two ago- recommend watching it if you haven't already (quoted post).
EVP retweeted
Send it! 🚀
Local lows swept, range lows and "bounce zone" held, I believe that was our bottom.
Now let's finally send it to 90k+.
$BTC
EVP retweeted
Lot's of questions here, so instead of replying to each one (and then repeating myself endlessly lol) I'll be making a new Youtube video to discuss this recent update to the macro idea within the next few days.
So stay tuned for that, and hold the questions until then if you can 😆
In my last macro $BTC update on Youtube, I shared two "primary" scenarios that I believed were most likely to play out.
We've been in the current correction long enough at this point to eliminate the first, which means it's now my belief that the 2nd of the two is now the most likely macro idea to play out.
Higher, for longer.
But first, you gotta make it through the current correction/chop.
