Overtrading can be harmful.
2024.5.10 Daily Update:
According to HODL15Capital data, the US Bitcoin spot ETF had a net outflow of $11 million yesterday, of which BlackRock IBIT had a net inflow of $14 million yesterday and Grayscale GBTC had a net outflow of $43 million.
According to Greeks.live data, 18,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $62,000, and a notional value of $1.2 billion. 280,000 ETH options are about to expire, with a Put Call Ratio of 0.74, a maximum pain point of $3,050, and a notional value of $800 million.
The crypto market was relatively weak this week, with trading volume continuing to fall and weakness continuing. The outflow of BTC ETF in US stocks has eased, but from the perspective of block trading and market trading structure, the weakness of the currency price has led to a continuous weakening of market confidence, and the IV of major maturities has continued to decline. The current IV level is slightly lower than the average water level, which has certain support. There is not much room for further decline. From experience, the market conditions in May were not satisfactory. It is cost-effective to buy some monthly put options now.
Account situation: total capital of 490,000 (including dividends), principal of 150,000, and yield of 200+%. The total equity of the contract account is 425,000, the total position is 485,000, 40+ varieties, and 170+ pending orders.
Risk warning: Leverage is not a devil, but a tool to improve the utilization rate of funds. Leverage itself has no risk, and the real risk comes from human nature.
