Heading to NYC next week to meet with LPs/MMs and continue growing the liquidity base on the world's most liquid prediction market exchange (Kalshi) If you're a team that wants to trade short duration binaries on crypto/commodities/financials (or perps) and we haven't spoken before, get in touch - I'll make it worth your time. The 15 minute commodities launch last week was a massive success and I have a TON more coming...the flows will increase rapidly :)

You do not liquidate $4,000,000,000 in $BTC shorts during a simple bear market rally. Study. MMs build short delta to eventually take it once the bear market is over. We just printed a 25% weekly candle and broke above essentially every significant level that mattered. If we were truly still in a bear market, we shouldn't have had this move. Bear market retests are typically shallow, controlled, and designed to protect short exposure. Instead, we completely obliterated shorts. That is exactly why the probability of trending back down to a new low in Q4 looks extremely unlikely, incentive-wise, structurally, and fundamentally. A lot of people will probably revenge short after getting blown out. It happens every cycle. They’ll convince themselves the move is "just another bear market rally" because accepting the structural shift is harder than fighting it. Ignore anyone telling you that you shouldn’t be bullish. Structure has already confirmed the shift. The positioning has been reset. Shorts have been blasted out of the market. You don’t do that in a sustained bear market. In a real bear market, you protect the shorts, encourage increasingly aggressive short positioning, and let the market grind lower. Instead, we just saw the opposite. Shorts were encouraged. Short delta became enormous. The market broke higher. And then the entire positioning structure was squeezed into oblivion. That is not how a bear market behaves. That is how a trend transition begins.

if i had to guess, i'd say we trap the $BTC bears next, esp w US equities (NQ pushing aths) unless US equities are gonna scam to the downside too some market shenanigans being played here to liquidate altcoin positioning before continuing higher imo setup was gud for the MMs

tFGI liquidity issue We are aware of a liquidity issue on tFGI today. It is the first penny stock on ST0x, and the market makers' systems produced pricing differences on it ST0x does not make markets. The MMs are correcting their systems, with the fix in place before the US market opens tomorrow Liquidity is thin this close to the bell. We recommend waiting for the open to continue Thank you for your patience

bitcoin:native has 2.98B short liquidations at 82.9K. It has 20B long liquidations if price reaches 61K. MMs are positioned from below. Not retail & it shows. So I think you know what area comes next on the HTF.