We’ve hit a snag... the spot market is still in the red... my bets were all on Space... but the market has other plans 😭😭😭😭
$SPCX closed the gap and is practically back to the IPO price.
Still, many keep justifying the valuation in the trillions, despite the lack of profits. Yeah, I agree profits will come, but not today... and everyone wants quick gains..
After all, no company has ever reached a market cap of $1 trillion without consistent profitability. #SpaceXPremarketFalls4.6% #
I don't know how this happened, but I currently have almost 4 open positions 😭
Out of these, 2-3 are swing trades with high leverage.
Binance wouldn’t let me put more than $100 margin on $SYN , so I just checked the candlestick chart and went short around $0.29, already with a pre-set take-profit.
$SYN moves super manipulatively, so I decided not to be greedy and take a small TP.
And it hit 💔
But there’s one thing I’ve noticed for a while…
As soon as I exit a trade, the price seems to intentionally keep moving in my direction 🤧
Open interest in Arbitrum perpetuals has reached $1.2 billion — and this is no longer just a statistic of growth, but a sign of structural change in the market.
More and more traders and capital are moving to L2 derivative platforms, where execution is faster, fees are lower, and activity is higher.
This could be an early signal of liquidity redistribution across the entire crypto market. $ARB