literally right after the close where stocks were dragging crypto down, zero chance he's not on the 15min BTCUSDT.P chart
of course, the binance hack is somehow bullish for useless
on another note, $USELESS has the largest 24h drawdown of any cryptocurrency listed on Binance futures or traded on Hyperliquid perps
so again, while it tends to outperform everything else when $BTC is trending strongly, the reverse seems to be the case during periods of extreme market stress like this
the silver lining is that this presents an opportunity: an entry for those who have been sidelined so far, and a swing/quick trade for those who enjoy that kind of trading
my core spot bags remain intact, but i like this as a swing trade here
the kind of volatility you see on $USELESS is a trader's dream!
Chiefingza retweeted
quick ones
1) Binance has enough to withstand 3-4x of current hit and still be largely intact. Very likely they will shrug this off and user funds are very likely safu (but like obviously don鈥檛 deposit until they sort out what went wrong)
2) Wintermute obv has exposure to binance, but less than 20% of net equity and I don鈥檛 see any disruption to our operations on any time horizon in whatever scenario
