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interesting pop in Korean volume on XRP
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Daily Vol ed. 2025-03-05 Took a stab at SOL longs@138 yesterday and closed some shorts here. I like the positioning and sizing for now. Positioning : Neutral/Weak bull towards Fri Trade Considerations - Fri crypto summit r:r looking good - Thick SOL spot bids on multiple exchanges https://t.co/XJ5cYKmhQF - Sentiment and technicals looks very oversold Trump possibly rolling back tariffs on Mexico catalyzed the bounce, and now I want to hold towards Fri. A surprise 0% capital gains tax on Friday could spur some optimism, but I doubt it gets past the 96k(the Sunday news pump). Layering in shorts towards/around 95k. Options Markets For +1 month expiries puts are being bought over calls on this bounce. The ābelief in continued momentumā is basically the life-blood of BTC and crypto and itās waning. Not a good sign for mid-term price action. (And the skew data is even worse for ETH) The One Thread to Read Today Giver is much more bullish than I am. Considers tariff fears mostly priced in and technicals oversold as the main reason to be long. Worth thinking over. https://t.co/qatsPZD3Hg General Shorting upside volatility on majors and farming OTM calls on early projects like @Lighter_xyz. Time is best spent preserving capital and focusing on where there is little downside and good potential upside.
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Shorting upside volatility is the play now - Short calls - LP in pools(HLP, JLP, amms, etc) - Selling top of the range
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everyone that was long the Friday news tapped out. time to long?
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Now : populist president pandering to crypto when its popular. What happens when crypto isn't popular?
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