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🤑Survive Until October and Enjoy $100K BTC? Let's See...

🤑Survive Until October and Enjoy $100K BTC? Let's See...

PLUS Gamma Swap might be the most bullish (but underappreciated) product ever

September 03, 2024

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GM, is it just me, or is everyone going psychotic?

All the while, the market barely moved past checks notes: six months. Except for the altcoins, some of those are currently hanging on for dear life.

There’s a slow but undeniable shift happening in charts like AAVE’s—almost as if the prelude to a new chapter is unfolding...

Looking at charts like these and, at the same time, thinking about how everything that happened up till now was a prelude to what’s yet to happen… kind of makes sense?

If this is the case, we’ve been through a drawn-out echo bubble, designed to make everyone abandon ship on crypto. And judging by the current sentiment, it’s working like a charm.

But then again, tell us why one of the most legit products ever created in this industry seems like it’s about to start the most massive bull leg ever.

Something to think about… I wouldn’t be giving up just yet, frens.

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This is what a liquidity hunt looks like. See how the bright yellow lines get taken out, and then the price reverses to find another one? When spot buyers have taken a back seat, ETF flows are negative, and trading conditions are sub-optimal, to put it politely, what you find is market makers just hunt liquidity to keep the shekels coming in.

It’s their job to find levels where the most buys and sells will be executed, and by any means necessary in these conditions - taking stops and liquidating over leveraged apes.

I guess the point is, take it easy with the leverage. Once it’s all been cleansed with fire, better times will come around.

Learn more on today’s TA stream with Luke!

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Gamma Swap

Once upon a time, there’s an opportunity shining bright, but currently overlooked due to the abysmal market conditions.

Gamma Swap is bringing a class act product, bringing options onchain in a very good package (yes, I’m obviously biased but hear me out). Here’s and excerpt from our Gamma Swap LBP breakdown:

“In tradfi, the derivatives market is more than 10x the value of the equity market. The majority of this is options volume. In crypto, when perps came to market as the go-to derivatives product, it completely took over and now dominates volume.

Now, think about how small the options industry is in crypto. If the gigabrains at GammaSwap have actually hit on something big, we could be in for a wild ride.”

If you wish to trade GS at this moment, there’s a GS/WETH pool open pool on DeltaSwap seeded from the LBP with 297.2 $ETH and 47,169,811.32 GS tokens (~1.5M in total).