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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (164937)	11/8/2020 10:12:17 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217571

The day Berkshire buys into bitcoins, am guessing, shall make news ... I may not be long enough u.today JPMorgan Says Institutions Ditching Gold ETFs for BitcoinThe decentralized finance (DeFi) market is rapidly rebounding after two months of capitulation. Major DeFi tokens dropped anywhere between 40% to 80% from the September peak. Due to the sheer intensity of the marketwide plunge of DeFi from September to October, DeFi tokens are swiftly recovering. Yearn.finance (YFI), as an example, rose by 117% within two days from November 6 to 7. Such a large short squeeze in the DeFi market was expected after months of underwhelming performance. From September 1 to November 5, YFI dropped by over 82%. Hence, even with the massive upsurge during the weekend, it is still down by 65% since its peak. The price of Yearn.finance (YFI) on Binance. Source: YFIUSDT on TradingView.comFunds Might Be Re-entering the DeFi MarketAccording to Spencer Noon, the head of DTCCapital, said funds are re-buying DeFi bluechips or promising projects. He wrote: “The game of chicken has officially ended. From what I’ve seen, funds are re-buying #DeFi blue chips. All on the back of $BTC price action and likely ATH incoming.” The timing for a DeFi market recovery is fitting because it comes after a massive Bitcoin rally. Historically, as seen in 2017, the alternative cryptocurrency (altcoin) market surged after a Bitcoin uptrend. The narrative is similar to 2017 because of the post-halving cycle. In 2017, Bitcoin hit a new peak a year after the block reward halving in 2016. The 2020 to 2021 cycle is the same in that Bitcoin saw a block reward halving in May of this year. Andrew Kang, who runs Mechanism Capital, suggested the DeFi market saw a clear trend reversal. After such a major capitulation phase, Kang noted that the market would likely see fewer sellers. “People looking for a dip in DeFi after this clear trend reversal are going to be stuck buying higher Too much capital waiting to buy and now not enough sellers The weekly candles are going to be mental,” he said. The strategist also noted that shorting the DeFi market has become less compelling. There is less upside for shorts and a high-risk of large losses. Based on the risk-to-reward ratio, there could be a lower demand to aggressively short the market. A Positive Metric is the TVLThe total value locked (TVL) across DeFi protocols is at $12.23 billion, which is near to its all-time high. Despite the steep plunge of major tokens, the market itself has remained relatively resilient. The TVL metric measures the total amount of capital deployed across DeFi platforms and protocols. With over $12 billion locked in, there is still a clear demand for DeFi services within the cryptocurrency market. The total value locked in DeFi. Source: Defipulse.comIn the near term, however, DeFi tokens could still be reflective of the performance of Ethereum. For now, ETH is recovering against Bitcoin and the U.S. dollar, showing strength in momentum. Sent from my iPhone

To: Julius Wong who wrote (164937)	11/8/2020 10:14:07 PM
From: TobagoJack	Respond to of 217571

Possibly must buy much more. Sure wish there be a de-risking correction:0/ More Michael Saylor ... good stuff - BTC porn :0) podcasts.apple.com

To: Julius Wong who wrote (164937)	11/9/2020 2:04:10 AM
From: TobagoJack	Respond to of 217571

Fresh upload

To: Julius Wong who wrote (164937)	11/9/2020 4:12:13 AM
From: TobagoJack	Respond to of 217571

Very good to know how Softbank is positioned, standard bull call spread seems chittorgarh.com bloomberg.com SoftBank Reveals Details of Controversial Derivatives Trading Pavel Alpeyev 9 November 2020, 16:05 GMT+8 SoftBank Group Corp. provided new details about its stock and options trading program, a controversial effort that roiled markets and raised concerns about the Japanese company’s financial stability. SoftBank said the fair value of its futures and options positions came to $2.7 billion at the end of September, suggesting its positions are more conservative than originally feared. That included long call options on listed stocks worth $4.69 billion and short call options on listed stock with negative $1.26 billion of value, the company said in an earnings statement on Monday. The long call options carried a notional principal of $72.1 billion as of Sept. 30, while the short call options had a negative notional principal of $47.6 billion. It also detailed $16.8 billion in stock investments, including $6.3 billion in Amazon.com Inc., $2.2 billion in Facebook Inc. and $1.8 billion in Zoom Video Communications Inc. SoftBank’s foray into derivatives trading proved costly when it was first disclosed in September. The Financial Times described SoftBank as the “Nasdaq whale” that “stoked the fevered rally in big tech stocks,” and the company’s market capitalization slid by as much as $17 billion. Rajeev Misra, head of the company’s Vision Fund, disputed that characterization and said its trading wasn’t nearly large enough to move trillion-dollar companies. “We’re not even a dolphin, forget being a whale,” he said in October. ‘Not Even A Dolphin, Forget Being a Whale,’ SoftBank Exec Says SoftBank founder Masayoshi Son and Misra have said their investments in stocks and derivatives is simply part of the company’s transformation into a financial holding company. Son in March unveiled plans to sell off 4.5 trillion yen ($43 billion) of assets to reduce debt and fund buybacks. SoftBank has invested beyond cash to improve its returns. Despite shareholder skepticism, SoftBank has charged ahead with its new public-stock trading arm. The strategy was built around expectations of a volatile third-quarter earnings season, people familiar with the matter said last month. SoftBank has been buying out-of-the-money call options, which deliver returns when share prices rise, and selling calls at even higher prices, one of the people said. Call spreads, as they’re known, cap gains but reduce the initial cost. — With assistance by Joanna Ossinger Before it's here, it's on the Bloomberg Terminal. LEARN MORE