Forwarded from Trade Watcher
Palantir: the altseason crypto never got
While crypto traders chase constantly wrecked alts, some argue the real casino has moved to traditional markets.
From the November 2022 bottom:
β’ Palantir β +1800%
β’ Meta β +735%
β’ Nvidia β +1050%
β’ Ethereum β +235%
Which begs the question:
If another recession-driven dip comes, what would you rather buy?
Nvidia at $30β50 aiming for $150β300β¦
Or ETH at $1,000 aiming for $2,500?
While crypto traders chase constantly wrecked alts, some argue the real casino has moved to traditional markets.
From the November 2022 bottom:
β’ Palantir β +1800%
β’ Meta β +735%
β’ Nvidia β +1050%
β’ Ethereum β +235%
Which begs the question:
If another recession-driven dip comes, what would you rather buy?
Nvidia at $30β50 aiming for $150β300β¦
Or ETH at $1,000 aiming for $2,500?
β€14π3
James Wynn blew $100M on perps in a single week β and got liquidated.
Hereβs what he couldβve bought instead:
β’ Private jet β $20M
β’ Luxury mansion β $20M
β’ Actual castle β $20M
β’ Hypercar collection β $10M
β’ 2 Alien CryptoPunks β $10M
β’ Still $20M left to gamble or flex
Hereβs what he couldβve bought instead:
β’ Private jet β $20M
β’ Luxury mansion β $20M
β’ Actual castle β $20M
β’ Hypercar collection β $10M
β’ 2 Alien CryptoPunks β $10M
β’ Still $20M left to gamble or flex
π43β€19π11π7
Crypto Insider
James Wynn has been fully liquidated Current balance: $16.28
Whale James Wynn opens 2 new long positions
β’ $BTC long with 30x leverage β liquidation at $94.8K
β’ $ETH long with 25x leverage β liquidation at $1,990
β’ $BTC long with 30x leverage β liquidation at $94.8K
β’ $ETH long with 25x leverage β liquidation at $1,990
π31π₯16π€ͺ15π₯΄11β€2π2π2π¦2π1
This media is not supported in your browser
VIEW IN TELEGRAM
THIS CYCLE IS βDIFFERENTβ
Bitcoin is now backed by institutions, not retail. BTC also shows less volatility.
Rosenblatt on CNBC: Buying BTC at record highs usually a bad ideaβ¦ but this time, itβs different.
Bitcoin is now backed by institutions, not retail. BTC also shows less volatility.
Rosenblatt on CNBC: Buying BTC at record highs usually a bad ideaβ¦ but this time, itβs different.
β€24π3π€―3π3π₯1π1
Crypto Watchlist for the week ahead:
$BTC - The Bitcoin Act bill to buy 1 million BTC will hit the US Senate floor next week
$KAITO - Infinex's airdrop for KAITO stakers will occur next week
$ETH - Ethereum is expected to announce a new initiative in collaboration with Base next week
$ICP - World Computer Summit starts on June 3. Some big announcements might be made during it
$AVAX - Infinex wallet will add support for Avalanche next week
$SKATE - Skate, an infrastructure layer that connects all VMs, is expected to launch its token in early June
$TAIKO - $46M worth of TAIKO (69% of its circulating supply) will be unlocked on June 5
$BTC - The Bitcoin Act bill to buy 1 million BTC will hit the US Senate floor next week
$KAITO - Infinex's airdrop for KAITO stakers will occur next week
$ETH - Ethereum is expected to announce a new initiative in collaboration with Base next week
$ICP - World Computer Summit starts on June 3. Some big announcements might be made during it
$AVAX - Infinex wallet will add support for Avalanche next week
$SKATE - Skate, an infrastructure layer that connects all VMs, is expected to launch its token in early June
$TAIKO - $46M worth of TAIKO (69% of its circulating supply) will be unlocked on June 5
β€23π2
12 years of difference in the Bitcoin conference
β€34π5π€―5π4π3
James Wynn this, James Wynn that.
$80M in profit before the liquidation.
Dozens of engagement-farming threads about his every move.
But what does this situation actually tell us?
1) No one truly knows where price goes.
2) If someone had insider edge, they wouldnβt turn their positions into a marketing campaign.
3) Big size doesnβt mean high skill.
4) He is pretty bold⦠or just a gambler?
$80M in profit before the liquidation.
Dozens of engagement-farming threads about his every move.
But what does this situation actually tell us?
1) No one truly knows where price goes.
2) If someone had insider edge, they wouldnβt turn their positions into a marketing campaign.
3) Big size doesnβt mean high skill.
4) He is pretty bold⦠or just a gambler?
β€23π10π€·ββ6π3β‘1
Crypto Insider
James Wynn deposits his last $4 million into his trading account.
James Wynn Calls for Support Amid BTC Long Struggle
He has added margin to his $BTC long, lowering his liquidation price to $103,640.
He has added margin to his $BTC long, lowering his liquidation price to $103,640.
π€£37β€13π₯7π€¨6π’2π2π€―1π€¬1