9:13longdirectional thesisBTC BTC has no marginal bidder outside Saylor; uninspiring here despite holding a big spot position.
There's no bidder outside of Saylor right now. There's just not. Long BTC, it could have just got an entry on literally anything else, didn't do it.
-15.24%$76,958 -> $65,232
11:57shortdirectional thesisETH Buying high-beta just because it's cheap relative to the leader (ETH, Lighter) is a losing strategy.
ETH market cap is way too low in relation to Bitcoin. But it's like, what does that even mean?... it doesn't make it attractive.
+22.39%$2,290.2 -> $1,777.49