The A side makes up the rules
Yesterday we saw Coinbase leading a large dump on the weekend. What was different this time from other times where we had a large weekend dump? This dump was led by Coinbase. Makes sense because the rally has also been led by Coinbase.
1/4
@VolatilityQ
NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO
@hedgedhog7
@egirl_capital
You really need to fucking stop. People like you are the reason the sentiment can’t get off the ground. All this shit you’re posting there’s like 100 of you on Twitter doing the same. Get a fucking job.
This rally was led by spot = spot will be used to lead price to quotes to fill positions where previous rallies were more led by derivatives = derivatives will be used to lead price to quotes to fill positions.
Coinbase chads can leverage their price impact to fill positions
4/4
@Abu9ala7
@KoroushAK
Customs officer: is there someone waiting for you outside?
Me: Yes, his name is Mohammad
Customs officer: Ah yes, like half the country
@AlgodTrading
Algod gf: wow thank u for the ring its beautiful, is it real diamonds?
Algod: no its fake diamonds, nobody else can tell the difference anyway so i bought you something fake because it would only matter if others could tell it was fake
In previous rallies the last years derivatives have played a more significant role in price. This shows in looking at Coinbase basis in yesterday’s dump where it went into significant discount vs looking at derivatives basis in prev dumps where derivatives were in discount
2/4
Coinbase is the A side in more things than just a spot exchange now, how does one that wants to ‘’manipulate’’ price towards his quotes get the job done? He buys or sells on the exchange where he has most impact.
3/4