BitHappy
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BitHappy
快乐星球主理人，探索生息、套利、空投与周期中！
Creator Awards 2024
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What a surprise! The ROI on the $SPCX LP I added yesterday is actually 18%!
BitHappy
·
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Opportunities in the crypto space regarding SpaceX launches:
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
{future}(SPCXUSDT)
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
{future}(SPCXUSDT)
Unverified content
Didn’t expect that the most profitable way in this SpaceX IPO wave is: swing trade $USDC
Everyone check the new listing amounts on each platform, some refunds have been processed.
Everyone check the new listing amounts on each platform, some refunds have been processed.
BitHappy
·
--
Opportunities in the crypto space regarding SpaceX launches:
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
{future}(SPCXUSDT)
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
{future}(SPCXUSDT)
Crypto space SpaceX IPO worst-case scenario～
1/ If the opening price is more than a 20% premium over the IPO price, we’ll initiate refunds;
2/ If it's below 20%, we’ll scoop up some spot and arrange it for us, plus take a 5% platform fee on the side.
Let’s hope it doesn’t play out like this!
Some pals have already hedged early and are walking away with losses, 🥺
1/ If the opening price is more than a 20% premium over the IPO price, we’ll initiate refunds;
2/ If it's below 20%, we’ll scoop up some spot and arrange it for us, plus take a 5% platform fee on the side.
Let’s hope it doesn’t play out like this!
Some pals have already hedged early and are walking away with losses, 🥺
Opportunities in the crypto space regarding SpaceX launches:
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
1/ Timing the short: There will definitely be hedging strategies, especially with big sell-offs expected when stocks settle before the US market opens;
2/ Leverage selling C: Major channels have absorbed a massive amount of USDC, and those who stocked up earlier have already made profits. As stocks settle, expect selling pressure on USDC;
3/ Cross-chain arbitrage: Various messages confirm SpaceX's presence across different chains, leading to fluctuations and price discrepancies in liquidity;
4/ Providing liquidity: Trades may happen on exchanges, but as long as it's tradable on-chain, LPs will see volume. The LP returns from this big truck are likely to be solid;
5/ Join various WeChat groups to grab red envelopes～
However, all of these come with risks, except grabbing red envelopes, which might just get you kicked out of the chat, 🤣
Tips: I heard that liking has some unique animation effects!
The above is just information sharing and does not constitute any investment advice!
Evolving BitHappy
Verified
Wallet homepage, Binance's SpaceX IPO is live now!
The allocation still follows the Alpha distribution. If you have the An Xiaojiang badge, you can snag an extra 50K allocation.
Points distribution rules:
1/ Alpha > 0, you get 20K allocation;
2/ Alpha > 40, you get 100K allocation;
3/ Alpha > 100, you get 200K allocation;
4/ Alpha > 200, you get 500K allocation.
Underwriting fee is 5%, and the premium cap is 30%, meaning if the IPO price jumps to 30%, it will trigger a refund.
True crypto new listing big rig. So the question is, are we swapping positions or adding to our bags?
This is just information sharing and does not constitute any investment advice.
Continuously evolving BitHappy
The allocation still follows the Alpha distribution. If you have the An Xiaojiang badge, you can snag an extra 50K allocation.
Points distribution rules:
1/ Alpha > 0, you get 20K allocation;
2/ Alpha > 40, you get 100K allocation;
3/ Alpha > 100, you get 200K allocation;
4/ Alpha > 200, you get 500K allocation.
Underwriting fee is 5%, and the premium cap is 30%, meaning if the IPO price jumps to 30%, it will trigger a refund.
True crypto new listing big rig. So the question is, are we swapping positions or adding to our bags?
This is just information sharing and does not constitute any investment advice.
Continuously evolving BitHappy
BitHappy
·
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About SpaceX's IPO:
I was initially planning to keep watching, but after Bybit shut down, the futures prices started climbing again.
Putting aside the FOMO feelings, let's break it down logically: the rise in futures prices means that as long as you hedge, you can make a profit. I’m guessing that after Kraken closes, the futures prices will keep going up.
Right now, the biggest question is how to allocate the new issuance quota.
It's already known that the 1:1 channels for funds over 1M have closed, and there are rumors that Bybit is also doing 1:1 allocation.
According to calculations from group members, the cost price is $141.75, and a 20% increase puts it at $168.75. So, if the futures price exceeds $168.75, it’s a guaranteed win.
There are two hedging strategies: one is exchange futures, and the other is the prediction market.
Most of my pals can only manage vague hedges, but this time, there’s not much to worry about regarding price manipulation, considering it’s such a well-known project. Still, be careful when choosing a hedging platform, like Binance!
Also, even if the pre-purchase on Kraken is successful, it can still be canceled.
Are you guys going to hedge? Or will you suffocate for your dreams?
This is just an information share, and it doesn't constitute any investment advice!
Continuously evolving BitHappy
{future}(SPCXUSDT)
I was initially planning to keep watching, but after Bybit shut down, the futures prices started climbing again.
Putting aside the FOMO feelings, let's break it down logically: the rise in futures prices means that as long as you hedge, you can make a profit. I’m guessing that after Kraken closes, the futures prices will keep going up.
Right now, the biggest question is how to allocate the new issuance quota.
It's already known that the 1:1 channels for funds over 1M have closed, and there are rumors that Bybit is also doing 1:1 allocation.
According to calculations from group members, the cost price is $141.75, and a 20% increase puts it at $168.75. So, if the futures price exceeds $168.75, it’s a guaranteed win.
There are two hedging strategies: one is exchange futures, and the other is the prediction market.
Most of my pals can only manage vague hedges, but this time, there’s not much to worry about regarding price manipulation, considering it’s such a well-known project. Still, be careful when choosing a hedging platform, like Binance!
Also, even if the pre-purchase on Kraken is successful, it can still be canceled.
Are you guys going to hedge? Or will you suffocate for your dreams?
This is just an information share, and it doesn't constitute any investment advice!
Continuously evolving BitHappy
{future}(SPCXUSDT)
Unverified content
About SpaceX's IPO:
I was initially planning to keep watching, but after Bybit shut down, the futures prices started climbing again.
Putting aside the FOMO feelings, let's break it down logically: the rise in futures prices means that as long as you hedge, you can make a profit. I’m guessing that after Kraken closes, the futures prices will keep going up.
Right now, the biggest question is how to allocate the new issuance quota.
It's already known that the 1:1 channels for funds over 1M have closed, and there are rumors that Bybit is also doing 1:1 allocation.
According to calculations from group members, the cost price is $141.75, and a 20% increase puts it at $168.75. So, if the futures price exceeds $168.75, it’s a guaranteed win.
There are two hedging strategies: one is exchange futures, and the other is the prediction market.
Most of my pals can only manage vague hedges, but this time, there’s not much to worry about regarding price manipulation, considering it’s such a well-known project. Still, be careful when choosing a hedging platform, like Binance!
Also, even if the pre-purchase on Kraken is successful, it can still be canceled.
Are you guys going to hedge? Or will you suffocate for your dreams?
This is just an information share, and it doesn't constitute any investment advice!
Continuously evolving BitHappy
I was initially planning to keep watching, but after Bybit shut down, the futures prices started climbing again.
Putting aside the FOMO feelings, let's break it down logically: the rise in futures prices means that as long as you hedge, you can make a profit. I’m guessing that after Kraken closes, the futures prices will keep going up.
Right now, the biggest question is how to allocate the new issuance quota.
It's already known that the 1:1 channels for funds over 1M have closed, and there are rumors that Bybit is also doing 1:1 allocation.
According to calculations from group members, the cost price is $141.75, and a 20% increase puts it at $168.75. So, if the futures price exceeds $168.75, it’s a guaranteed win.
There are two hedging strategies: one is exchange futures, and the other is the prediction market.
Most of my pals can only manage vague hedges, but this time, there’s not much to worry about regarding price manipulation, considering it’s such a well-known project. Still, be careful when choosing a hedging platform, like Binance!
Also, even if the pre-purchase on Kraken is successful, it can still be canceled.
Are you guys going to hedge? Or will you suffocate for your dreams?
This is just an information share, and it doesn't constitute any investment advice!
Continuously evolving BitHappy
Various news speculations suggest Mythos is dropping tomorrow!
For security reasons, everything that can be withdrawn on-chain has been pulled, and all authorizations have been revoked.
Since this afternoon, the de-pegging alerts have been non-stop, likely because many traders are taking a loss and bailing.
I recommend everyone at least revoke their authorizations!
For security reasons, everything that can be withdrawn on-chain has been pulled, and all authorizations have been revoked.
Since this afternoon, the de-pegging alerts have been non-stop, likely because many traders are taking a loss and bailing.
I recommend everyone at least revoke their authorizations!
Verified
Talking about stocks, my buddy says:
1/ The A-shares are like memes, just looking for bagholders;
2/ Hong Kong stocks are like knockoffs, they occasionally pump the price;
3/ US stocks are like a big pie, they keep mooning and have a cyclical nature.
Is this a solid summary?
1/ The A-shares are like memes, just looking for bagholders;
2/ Hong Kong stocks are like knockoffs, they occasionally pump the price;
3/ US stocks are like a big pie, they keep mooning and have a cyclical nature.
Is this a solid summary?
I just finished reading Lei Jun's "Thoughts on Xiaomi's Entrepreneurship" in three days, and I'm thinking about picking up some Xiaomi stocks!\n\nIs that a solid move?\n\nI haven't been a fan in a while, but the only growth points I can think of are:\n\n1/ Expanding the auto business overseas;\n\n2/ Upgrading Xiao Ai's AI capabilities.\n\nAlso, I haven't really traded stocks before. Do I really need to pay 20% capital gains tax and 20% on dividends for profits in the Hong Kong market?\n\nIs there a way to legally minimize taxes?
BitHappy
·
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In 2020, Bull thanked Xiaomi for putting the power strip industry on the fast track to upgrades.
In 2026, Bull sued Xiaomi for patent infringement.
What a ride,🤣
In 2026, Bull sued Xiaomi for patent infringement.
What a ride,🤣
In 2020, Bull thanked Xiaomi for putting the power strip industry on the fast track to upgrades.
In 2026, Bull sued Xiaomi for patent infringement.
What a ride,🤣
In 2026, Bull sued Xiaomi for patent infringement.
What a ride,🤣
Arbitrage: Small profits on low volumes can lead to big gains, while large volumes with small profits don't yield much.
For the homies stuck in apxUSD ~
If you haven't bailed yet, you're probably hoping for a rebound or just choosing to HODL.
But besides waiting for the official pump, there are a few ways to 'self-rescue':
1/ Swap to apyUSD and wait for the rebound: You'll snag an extra 8% profit compared to just waiting for apxUSD to bounce back; downside is that apyUSD might keep tanking.
2/ Convert to apyUSD for the official redemption: You'll get more apxUSD, like losing 3.5% in three days, which is about 4% more apxUSD than just holding; downside is if it rebounds within those three days, you're stuck.
3/ Switch to pt-apyUSD and wait 12 days for your apxUSD back, which would yield 8% more apxUSD than holding; downside is pt price can be volatile, but usually not by much.
All these strategies are essentially about trying to increase your coin count in a tight spot, which is a way to mitigate losses.
However, you still need to consider the exit strategy for apxUSD, with two main options:
1/ Market sell: Depends on market price;
2/ Collateralize and borrow USDC: Depends on pool availability.
From my understanding, just HODLing apxUSD isn't the best move.
Maybe there are better strategies out there, feel free to discuss.
This is just information sharing, not financial advice!
Continuously evolving BitHappy
If you haven't bailed yet, you're probably hoping for a rebound or just choosing to HODL.
But besides waiting for the official pump, there are a few ways to 'self-rescue':
1/ Swap to apyUSD and wait for the rebound: You'll snag an extra 8% profit compared to just waiting for apxUSD to bounce back; downside is that apyUSD might keep tanking.
2/ Convert to apyUSD for the official redemption: You'll get more apxUSD, like losing 3.5% in three days, which is about 4% more apxUSD than just holding; downside is if it rebounds within those three days, you're stuck.
3/ Switch to pt-apyUSD and wait 12 days for your apxUSD back, which would yield 8% more apxUSD than holding; downside is pt price can be volatile, but usually not by much.
All these strategies are essentially about trying to increase your coin count in a tight spot, which is a way to mitigate losses.
However, you still need to consider the exit strategy for apxUSD, with two main options:
1/ Market sell: Depends on market price;
2/ Collateralize and borrow USDC: Depends on pool availability.
From my understanding, just HODLing apxUSD isn't the best move.
Maybe there are better strategies out there, feel free to discuss.
This is just information sharing, not financial advice!
Continuously evolving BitHappy
BitHappy
·
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As the post mentions, Apyx is publicly tweeting:
The goal is to scoop up blood-soaked chips, giving a fancy excuse of 'boosting the collateral ratio through profitable low-price buybacks'.
Last night, they executed buybacks and burned 8.25M apxUSD, while also casually liquidating the collateral loans in Morpho.
I didn’t tally up the buyback amounts.
Currently, the two related addresses still hold 5.75M USDC:
1/ Buyback address: 0xb98cd8c868cf00cea934977dbe4ac090e808fb87
2/ Interaction address: 0xf9862efc1704ac05e687f66e5cd8c130e5663ce2
From the current situation, they have the capacity to re-peg $apxUSD and $apyUSD, likely achieving their long-term goals through this harvesting strategy.
Congrats to them for winning, but in this orchestrated harvesting victory, all I feel is malice!
The goal is to scoop up blood-soaked chips, giving a fancy excuse of 'boosting the collateral ratio through profitable low-price buybacks'.
Last night, they executed buybacks and burned 8.25M apxUSD, while also casually liquidating the collateral loans in Morpho.
I didn’t tally up the buyback amounts.
Currently, the two related addresses still hold 5.75M USDC:
1/ Buyback address: 0xb98cd8c868cf00cea934977dbe4ac090e808fb87
2/ Interaction address: 0xf9862efc1704ac05e687f66e5cd8c130e5663ce2
From the current situation, they have the capacity to re-peg $apxUSD and $apyUSD, likely achieving their long-term goals through this harvesting strategy.
Congrats to them for winning, but in this orchestrated harvesting victory, all I feel is malice!
$BTC dropped to $60,000!
This time I played it smart and set a buy limit at $60,001, and it finally filled.
On OKX's dual currency platform, I also have buy orders at $58,000 and $56,000.
On Bybit's options, I've got sell Puts at $58,000 and $56,000.
Planning to scoop up some more with every $2,000 dip!
The above is just for information sharing and personal trading records, and does not constitute any investment advice.
Faithful BitHappy
This time I played it smart and set a buy limit at $60,001, and it finally filled.
On OKX's dual currency platform, I also have buy orders at $58,000 and $56,000.
On Bybit's options, I've got sell Puts at $58,000 and $56,000.
Planning to scoop up some more with every $2,000 dip!
The above is just for information sharing and personal trading records, and does not constitute any investment advice.
Faithful BitHappy
As the post mentions, Apyx is publicly tweeting:
The goal is to scoop up blood-soaked chips, giving a fancy excuse of 'boosting the collateral ratio through profitable low-price buybacks'.
Last night, they executed buybacks and burned 8.25M apxUSD, while also casually liquidating the collateral loans in Morpho.
I didn’t tally up the buyback amounts.
Currently, the two related addresses still hold 5.75M USDC:
1/ Buyback address: 0xb98cd8c868cf00cea934977dbe4ac090e808fb87
2/ Interaction address: 0xf9862efc1704ac05e687f66e5cd8c130e5663ce2
From the current situation, they have the capacity to re-peg $apxUSD and $apyUSD, likely achieving their long-term goals through this harvesting strategy.
Congrats to them for winning, but in this orchestrated harvesting victory, all I feel is malice!
The goal is to scoop up blood-soaked chips, giving a fancy excuse of 'boosting the collateral ratio through profitable low-price buybacks'.
Last night, they executed buybacks and burned 8.25M apxUSD, while also casually liquidating the collateral loans in Morpho.
I didn’t tally up the buyback amounts.
Currently, the two related addresses still hold 5.75M USDC:
1/ Buyback address: 0xb98cd8c868cf00cea934977dbe4ac090e808fb87
2/ Interaction address: 0xf9862efc1704ac05e687f66e5cd8c130e5663ce2
From the current situation, they have the capacity to re-peg $apxUSD and $apyUSD, likely achieving their long-term goals through this harvesting strategy.
Congrats to them for winning, but in this orchestrated harvesting victory, all I feel is malice!
BitHappy
·
--
Saylor sold 100 bucks of $STRC last month, and this month he scooped up STRC at 90 bucks, that's just epic!
Our buddy in the group joked about it, crying emojis included. 😭
This arbitrage path was something Apyx could've totally played: buy back $apxUSD at 0.9 and redeem STRC, then flip it at 94.
But instead, they let apxUSD keep decoupling, which I just can't wrap my head around.
Maybe they think that 4% price difference isn’t enough? Wanting holders to keep dumping at a discount, so they can scoop up bigger profits with blood-soaked tokens?
Our buddy in the group joked about it, crying emojis included. 😭
This arbitrage path was something Apyx could've totally played: buy back $apxUSD at 0.9 and redeem STRC, then flip it at 94.
But instead, they let apxUSD keep decoupling, which I just can't wrap my head around.
Maybe they think that 4% price difference isn’t enough? Wanting holders to keep dumping at a discount, so they can scoop up bigger profits with blood-soaked tokens?
Saylor sold 100 bucks of $STRC last month, and this month he scooped up STRC at 90 bucks, that's just epic!
Our buddy in the group joked about it, crying emojis included. 😭
This arbitrage path was something Apyx could've totally played: buy back $apxUSD at 0.9 and redeem STRC, then flip it at 94.
But instead, they let apxUSD keep decoupling, which I just can't wrap my head around.
Maybe they think that 4% price difference isn’t enough? Wanting holders to keep dumping at a discount, so they can scoop up bigger profits with blood-soaked tokens?
Our buddy in the group joked about it, crying emojis included. 😭
This arbitrage path was something Apyx could've totally played: buy back $apxUSD at 0.9 and redeem STRC, then flip it at 94.
But instead, they let apxUSD keep decoupling, which I just can't wrap my head around.
Maybe they think that 4% price difference isn’t enough? Wanting holders to keep dumping at a discount, so they can scoop up bigger profits with blood-soaked tokens?
BitHappy
·
--
At this point, all I can say is:
Thank goodness when I was doing "position management," I classified $STRC-related assets as high-risk positions.
Now, this drop is basically within the expected range, but it feels like I bought the dip too soon.
Although I never really considered $apxUSD as a stablecoin from the get-go, nor did I allocate to it, I still underestimated its leverage effect on $apyUSD, which amplified the risk further.
Even so, this drop is clearly overdone.
During the massive sell-off, the Apyx team didn't maintain the asset peg proportionately, probably due to high on-chain liquidity and insufficient funds.
In contrast, the situation with Saturn in the same lane is much more stable.
$USDat is a stablecoin, no need to elaborate.
$sUSDat quickly bounced back within minutes during the two significant drops the other day.
Whether it’s the retail traders’ reactions or the official handling, they both instilled confidence in the market.
Of course, this is also closely related to the state of on-chain liquidity.
————————————
I went to bed early yesterday, and this morning I woke up to see my group mates talking about making a few thousand U in swings overnight.
It's really gone from wealth management to trading coins, from arbitrage to getting stuck, 🙃
However, based on the current comparison of the drops between apyUSD and apxUSD, if apyUSD goes for redemption, there should still be profit or at least a way to minimize losses?
Thank goodness when I was doing "position management," I classified $STRC-related assets as high-risk positions.
Now, this drop is basically within the expected range, but it feels like I bought the dip too soon.
Although I never really considered $apxUSD as a stablecoin from the get-go, nor did I allocate to it, I still underestimated its leverage effect on $apyUSD, which amplified the risk further.
Even so, this drop is clearly overdone.
During the massive sell-off, the Apyx team didn't maintain the asset peg proportionately, probably due to high on-chain liquidity and insufficient funds.
In contrast, the situation with Saturn in the same lane is much more stable.
$USDat is a stablecoin, no need to elaborate.
$sUSDat quickly bounced back within minutes during the two significant drops the other day.
Whether it’s the retail traders’ reactions or the official handling, they both instilled confidence in the market.
Of course, this is also closely related to the state of on-chain liquidity.
————————————
I went to bed early yesterday, and this morning I woke up to see my group mates talking about making a few thousand U in swings overnight.
It's really gone from wealth management to trading coins, from arbitrage to getting stuck, 🙃
However, based on the current comparison of the drops between apyUSD and apxUSD, if apyUSD goes for redemption, there should still be profit or at least a way to minimize losses?
At this point, all I can say is:
Thank goodness when I was doing "position management," I classified $STRC-related assets as high-risk positions.
Now, this drop is basically within the expected range, but it feels like I bought the dip too soon.
Although I never really considered $apxUSD as a stablecoin from the get-go, nor did I allocate to it, I still underestimated its leverage effect on $apyUSD, which amplified the risk further.
Even so, this drop is clearly overdone.
During the massive sell-off, the Apyx team didn't maintain the asset peg proportionately, probably due to high on-chain liquidity and insufficient funds.
In contrast, the situation with Saturn in the same lane is much more stable.
$USDat is a stablecoin, no need to elaborate.
$sUSDat quickly bounced back within minutes during the two significant drops the other day.
Whether it’s the retail traders’ reactions or the official handling, they both instilled confidence in the market.
Of course, this is also closely related to the state of on-chain liquidity.
————————————
I went to bed early yesterday, and this morning I woke up to see my group mates talking about making a few thousand U in swings overnight.
It's really gone from wealth management to trading coins, from arbitrage to getting stuck, 🙃
However, based on the current comparison of the drops between apyUSD and apxUSD, if apyUSD goes for redemption, there should still be profit or at least a way to minimize losses?
Thank goodness when I was doing "position management," I classified $STRC-related assets as high-risk positions.
Now, this drop is basically within the expected range, but it feels like I bought the dip too soon.
Although I never really considered $apxUSD as a stablecoin from the get-go, nor did I allocate to it, I still underestimated its leverage effect on $apyUSD, which amplified the risk further.
Even so, this drop is clearly overdone.
During the massive sell-off, the Apyx team didn't maintain the asset peg proportionately, probably due to high on-chain liquidity and insufficient funds.
In contrast, the situation with Saturn in the same lane is much more stable.
$USDat is a stablecoin, no need to elaborate.
$sUSDat quickly bounced back within minutes during the two significant drops the other day.
Whether it’s the retail traders’ reactions or the official handling, they both instilled confidence in the market.
Of course, this is also closely related to the state of on-chain liquidity.
————————————
I went to bed early yesterday, and this morning I woke up to see my group mates talking about making a few thousand U in swings overnight.
It's really gone from wealth management to trading coins, from arbitrage to getting stuck, 🙃
However, based on the current comparison of the drops between apyUSD and apxUSD, if apyUSD goes for redemption, there should still be profit or at least a way to minimize losses?
BitHappy
·
--
Opportunities/Gambles related to $STRC:
1/ $sUSDat: Last night, there were really only two significant decouplings, both of which had over 4% potential. Buying in just a few minutes later, it was basically free money.
2/ $apxUSD: Since the underlying assets also include STRC, it decoupled by a little over 1%. It hasn't fully re-pegged yet, but I didn't get in on this one.
3/ $apyUSD: This one is continuously decoupling, currently around 4%. I'm still trying to catch the bottom, but the overall experience has been very poor, feeling more like gambling rather than engaging in decoupling arbitrage.
Last night, my phone alarm went off 15 times, and the TG notifications were in the dozens.
The above is just information sharing and personal trading records, not investment advice!
Not well-rested, BitHappy.
1/ $sUSDat: Last night, there were really only two significant decouplings, both of which had over 4% potential. Buying in just a few minutes later, it was basically free money.
2/ $apxUSD: Since the underlying assets also include STRC, it decoupled by a little over 1%. It hasn't fully re-pegged yet, but I didn't get in on this one.
3/ $apyUSD: This one is continuously decoupling, currently around 4%. I'm still trying to catch the bottom, but the overall experience has been very poor, feeling more like gambling rather than engaging in decoupling arbitrage.
Last night, my phone alarm went off 15 times, and the TG notifications were in the dozens.
The above is just information sharing and personal trading records, not investment advice!
Not well-rested, BitHappy.
Opportunities/Gambles related to $STRC:
1/ $sUSDat: Last night, there were really only two significant decouplings, both of which had over 4% potential. Buying in just a few minutes later, it was basically free money.
2/ $apxUSD: Since the underlying assets also include STRC, it decoupled by a little over 1%. It hasn't fully re-pegged yet, but I didn't get in on this one.
3/ $apyUSD: This one is continuously decoupling, currently around 4%. I'm still trying to catch the bottom, but the overall experience has been very poor, feeling more like gambling rather than engaging in decoupling arbitrage.
Last night, my phone alarm went off 15 times, and the TG notifications were in the dozens.
The above is just information sharing and personal trading records, not investment advice!
Not well-rested, BitHappy.
1/ $sUSDat: Last night, there were really only two significant decouplings, both of which had over 4% potential. Buying in just a few minutes later, it was basically free money.
2/ $apxUSD: Since the underlying assets also include STRC, it decoupled by a little over 1%. It hasn't fully re-pegged yet, but I didn't get in on this one.
3/ $apyUSD: This one is continuously decoupling, currently around 4%. I'm still trying to catch the bottom, but the overall experience has been very poor, feeling more like gambling rather than engaging in decoupling arbitrage.
Last night, my phone alarm went off 15 times, and the TG notifications were in the dozens.
The above is just information sharing and personal trading records, not investment advice!
Not well-rested, BitHappy.
Last time $BTC dropped to $60K, $STRC hit a low of $93!
This time it's still at $68K, but has already dipped to $96!
Can the STRC strategies hold up this time without crashing?
Can Apyx and Saturn withstand the pressure? Will they successfully pull off their TGE? 🤔
Although logically, micro-strategies can definitely hold up to $30K, emotions always lead before logic!
The silver lining is that the arbitrage army is still holding strong～
This time it's still at $68K, but has already dipped to $96!
Can the STRC strategies hold up this time without crashing?
Can Apyx and Saturn withstand the pressure? Will they successfully pull off their TGE? 🤔
Although logically, micro-strategies can definitely hold up to $30K, emotions always lead before logic!
The silver lining is that the arbitrage army is still holding strong～
After disappearing for half a year, my DeFi buddy suddenly made a comeback today～
Right off the bat, he started throwing down some hot takes, saying that anyone still in the crypto scene is a total noob, and miners are just a dime a dozen, straight-up suggesting we should be trading US stocks instead.
His logic and strategy are:
Photon, granules, storage, CPU, architecture, GPU, server racks, energy—these sectors keep rotating.
Whenever one dips, he buys in there, rotating his buys, and after he’s done, he usually sees a nice 20-30% pump.
After each take-profit, he throws in a bit of VIX 3x volatility index to hedge against sudden market crashes.
With this strategy, he went in heavy for a month and has already racked up 30% profit.
After his output, he got everyone all hyped up!
Then I jumped in with a 10x Intel long, and in just 10 minutes, I made 5%.
Is everyone really just scooping up money in US stocks like this? Isn't trading US stocks just gambling? 😭
Even though I’m arbitraging daily in TradFi, I haven’t really been keeping an eye on the prices. Am I missing out big time?
Right off the bat, he started throwing down some hot takes, saying that anyone still in the crypto scene is a total noob, and miners are just a dime a dozen, straight-up suggesting we should be trading US stocks instead.
His logic and strategy are:
Photon, granules, storage, CPU, architecture, GPU, server racks, energy—these sectors keep rotating.
Whenever one dips, he buys in there, rotating his buys, and after he’s done, he usually sees a nice 20-30% pump.
After each take-profit, he throws in a bit of VIX 3x volatility index to hedge against sudden market crashes.
With this strategy, he went in heavy for a month and has already racked up 30% profit.
After his output, he got everyone all hyped up!
Then I jumped in with a 10x Intel long, and in just 10 minutes, I made 5%.
Is everyone really just scooping up money in US stocks like this? Isn't trading US stocks just gambling? 😭
Even though I’m arbitraging daily in TradFi, I haven’t really been keeping an eye on the prices. Am I missing out big time?
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