Louis Sykes @haumicharts Twitter profile

Last Seen Profiles

@machipole_iwaki

@ScottieBel33826

@MBBontoi

@tsuaeri

@MinkyFreedom24

@ririsu_amano81

@gbaby901251

@manabe822

@AnthonyParkerJ5

@jordiplz

@bNtipster

@SJDCBaseball

@coogesports

@AverbachUm23948

@advice2insure

@TrumbullFB

@KattyRan

@Quinn11Kusgen

@SaferBucket

@CiriacoLas79945

@MikeRains88

@OChiemelie32013

@Honoka02883501

@shanrose69

@TomJakedefender

@Daniel81889451

@alwaleedalradhi

@cutiepieseries

@beauchapman10x

@MarcelinaS31793

@TheOnlyTacsir

@matsu_Aoki

@yon99yon

@MarianelaW51276

@Seinshunkun

@QHSBASKETBALL

Louis Sykes

@haumicharts

2 months

Seems like a classic failed breakout to me. $BTC

13

3

51

Louis Sykes

@haumicharts

4 months

Bitcoin has a tendency to cool-off after a significant traditional finance launch. Will the recent Bitcoin spot ETF be the same?

6

8

42

Louis Sykes

@haumicharts

1 month

Bitcoin hasn't been going up because of the "halving". It's been a story of equity markets and liquidity. Credit spreads are tightening and equity markets are at all-time highs. The halving is irrelevant compared to these macro flows.

1

4

39

Louis Sykes

@haumicharts

3 months

All-time highs in Bitcoin and Ethereum open interest on Binance, the largest crypto derivatives exchange in the world. Notable rises in open interest tend to proceed elevated volatility (in both directions).

4

3

37

Louis Sykes

@haumicharts

1 month

Bitcoin's Net Unrealized Profit/Loss sits in the "belief" zone. If historical trends are anything to go by, we still have some room to run before hitting the "euphoria" zone. Data: @cryptoquant_com

2

3

37

Louis Sykes

@haumicharts

2 months

Every week, we create a Power Rankings table that lists the market-cap rank of the top 20 cryptocurrencies (excluding stable coins and wrapped tokens). This allows us to observe the changes in the market-cap ladder on a weekly basis. Here are this week's Crypto Power Rankings.

3

7

31

Louis Sykes

@haumicharts

2 months

While Solana is still in a 30% drawdown from all-time highs, the market-cap of Solana hit a new all-time high. It's up from $3B at the bear market low to $80B. $SOL

3

1

26

Louis Sykes

@haumicharts

1 month

One to watch. $DXY

2

1

27

Louis Sykes

@haumicharts

2 months

Closing down 8.5%, Bitcoin had it's worst day since the bear market low when FTX blew up. $BTC

3

1

25

Louis Sykes

@haumicharts

14 days

Commercials have nailed Bitcoin since the CME overtook Binance as the largest derivatives marketplace. They were net long this entire rally and flipped net short prior to the recent sell-off. Albeit still net short, commercials have moved closer to a net long position last week.

2

5

24

Louis Sykes

@haumicharts

1 month

Get out into nature

Louis Sykes

@haumicharts

2 months

Get out into nature

2

0

21

2

0

24

Louis Sykes

@haumicharts

2 months

The next day, Bitcoin closed up +9.7% to record its second-best day since the bear market low. $BTC

Louis Sykes

@haumicharts

2 months

Closing down 8.5%, Bitcoin had it's worst day since the bear market low when FTX blew up. $BTC

3

1

25

4

1

21

Louis Sykes

@haumicharts

1 month

Get into nature

Louis Sykes

@haumicharts

1 month

Get out into nature

2

0

24

3

0

22

Louis Sykes

@haumicharts

2 months

Look at how different cryptocurrencies are trading with respect to their April, 2022 highs. Bitcoin is above. Ethereum is near. Most altcoins are still nowhere near. Is there a catch-up trade to be made here?

1

2

21

Louis Sykes

@haumicharts

2 months

Get out into nature

2

0

21

Louis Sykes

@haumicharts

2 months

The first thing a market needs to do before it goes higher is to stop going down. After trending lower, the Ethereum/Bitcoin ratio has been going sideways. Could this be indicating a consolidation phase before a potential upside expansion?

2

1

19

Louis Sykes

@haumicharts

3 months

Started using more weekly candles and it feels good.

3

1

18

Louis Sykes

@haumicharts

26 days

Apple $AAPL sits at a logical place to begin working higher again

0

2

19

Louis Sykes

@haumicharts

28 days

The US dollar index made its recent bottom the same time Bitcoin put in its high. Coincidence?

4

2

18

Louis Sykes

@haumicharts

21 days

Gold ETFs have lost over $2.5B worth of assets since the launch of the Bitcoin ETFs, which have gained an aggregate of $11.3B since their launch.

3

17

Louis Sykes

@haumicharts

10 days

Bitcoin finding resistance from the AVWAP off the all-time highs after bottoming off the AVWAP from the post-ETF launch correction. $BTCUSD

0

3

17

Louis Sykes

@haumicharts

4 months

2024 is the year of removing things. Simplification rather than accumulation. Less distractions Less technology Less noise

3

0

16

Louis Sykes

@haumicharts

3 months

We've seen the largest expansion of short-term highs in crypto markets since the new highs list peaked on the 8th December.

Louis Sykes

@haumicharts

3 months

The percentage of cryptocurrencies making new highs has been flat YTD.

1

0

7

4

3

16

Louis Sykes

@haumicharts

2 months

Both assets are making all-time highs. But while Gold has been moving higher, investors are erring that it's a time to sell out of it. Meanwhile, Bitcoin is hitting an all-time high and investors have been flocking into the ETFs.

J.C. Parets

@allstarcharts

2 months

It's almost like if Gold moves first. Then Bitcoin catches up.

19

47

305

2

1

15

Louis Sykes

@haumicharts

2 months

With all this chatter of Bitcoin, don't discount Gold which just broke to new all-time highs.

2

3

15

Louis Sykes

@haumicharts

3 months

While February is a seasonally lackluster month in an election year for equity markets, you can't say the same for Bitcoin. Bitcoin tends to see positive monthly returns in February, averaging +8.29% in the last decade, with only two negative months in the same period.

0

2

13

Louis Sykes

@haumicharts

4 months

So much emphasis placed on external edge: more data, technology, and complexity. So little emphasis placed on internal edge: cultivating healthy habits, cutting out noise, and being mindful.

0

1

12

Louis Sykes

@haumicharts

3 months

From @jaredtendler 's latest newsletter: "Clutter in your mind slowly accumulates in these periods of high performance and productivity, and, left alone, this accumulated data can cause you to slide backwards"

0

1

11

Louis Sykes

@haumicharts

1 month

Get into nature

Louis Sykes

@haumicharts

1 month

Get into nature

3

0

22

0

11

Louis Sykes

@haumicharts

14 days

"Solana is processing more transactions than the top 15 chains… combined" Source: @MilkRoadDaily

0

10

Louis Sykes

@haumicharts

2 months

Records continue to be broken. Yesterday saw net inflows over $1B across all Bitcoin spot ETFs.

0

3

9

Louis Sykes

@haumicharts

3 months

I'm using my brain less. For the longest time, I was stuck in my own head. Less overthinking. More awareness of the present moment.

1

0

9

Louis Sykes

@haumicharts

3 months

This is the real flippening you need to pay attention to in crypto. CME has overtaken Binance, the largest crypto derivatives exchange, in Bitcoin futures open interest. As talks of a spot Ethereum ETF begin, CME could begin closing the gap in the Ethereum futures market.

4

1

9

Louis Sykes

@haumicharts

3 months

Outflows from Grayscale $GBTC are slowing down, but inflows into the other products remain strong. Yesterday saw a gain of just under $500M across all products.

0

8

Louis Sykes

@haumicharts

14 days

Peru $EPU is outperforming Total World $VT but seeing net ETF outflows.

1

0

8

Louis Sykes

@haumicharts

3 months

All the new Bitcoin spot ETFs have crossed 200,000 BTC in AUM in their first month. To put that into context, these ETFs now hold over 1% of Bitcoin’s total supply. That’s more than MicroStrategy’s 190,000 BTC.

2

0

8

Louis Sykes

@haumicharts

1 month

Napoleon's definition of a military genius: "The man who can do the average thing when everyone else around him is losing his mind."

1

0

8

Louis Sykes

@haumicharts

24 days

The dollar rallied following the retest of this downtrend and the 50-day average. A strong dollar has been a headwind for risk assets and crypto markets. $DXY

Louis Sykes

@haumicharts

1 month

One to watch. $DXY

2

1

27

1

2

7

Louis Sykes

@haumicharts

3 months

The percentage of cryptocurrencies making new highs has been flat YTD.

1

0

7

Louis Sykes

@haumicharts

3 months

Reversal patterns tend to fail in bull markets.

2

0

7

Louis Sykes

@haumicharts

3 months

Crypto markets have cooled off post-ETF. Spot volumes are down. Funding rates are down. On-chain activity is down. Overbought readings are down. These consolidations provide the market with an opportunity to recalibrate before embarking on their next move.

1

7

Louis Sykes

@haumicharts

3 months

"Eating clean, walking, more rigorous exercise, avoiding alcohol, and getting good sleep. The more of these we practice consistently over time the better we bounce back."

Pearl

@ppearlman

3 months

New Post: Letting Yourself Heal

0

2

7

1

0

6

Louis Sykes

@haumicharts

12 days

@ppearlman Reminds me of this @morganhousel chapter on the casualties of perfection

1

0

5

Louis Sykes

@haumicharts

22 days

Get into nature

Louis Sykes

@haumicharts

1 month

Get into nature

0

11

1

0

6

Louis Sykes

@haumicharts

20 days

In Q1 2024, the South Korean Won (KRW) surpassed the US Dollar (USD) in terms of cumulative trade volume. Source: @KaikoData

1

5

Louis Sykes

@haumicharts

3 months

Even in this lackluster tape, there are still a few standouts.

0

1

5

Louis Sykes

@haumicharts

2 months

Comprising two thirds of the Bitcoin ETF assets just a few months ago, Grayscale is now down to just 46% of the total assets across all the various products. Continued outflows, driven by markedly higher fees, have cost Grayscale's $GBTC $11.3B worth of outflows.

2

0

5

Louis Sykes

@haumicharts

24 days

Gen Zers are as likely to own cryptocurrency as they are stocks. As much as I think having some crypto exposure is probably a good idea, this seems a little reckless. Source:

0

4

Louis Sykes

@haumicharts

3 months

Bitcoin futures markets have unwound in January. Asset managers in the COT front-ran the ETF announcement using futures as a spot proxy and are now closing off excess futures exposure, down 1,838 contracts since the ETF peak.

1

0

4

Louis Sykes

@haumicharts

3 months

Crazy stats from Coingecko's recent report - 24,000 cryptocurrencies have been listed on CoinGecko since 2014 - That’s an average of 7 new tokens, every single day - Of those, ~58% have died - More than half of the dead tokens launched during the 2021 bull run Source: @Coinigy

3

0

4

Louis Sykes

@haumicharts

25 days

Software finds students wrote 22+ million papers with AI last year. Schools can't do anything about it.

Software finds students wrote 22+ million papers with AI last year

Experts say AI detection software isn’t as reliable as services that call out plagiarism—and false positives can be detrimental to a student’s academic career.

www.morningbrew.com

1

0

4

Louis Sykes

@haumicharts

2 months

@CalebFranzen Seems like early cycle behavior to me

1

0

4

Louis Sykes

@haumicharts

3 months

Approximately 13% of all Bitcoin's supply is held at a loss, meaning the overwhelming majority of coins were acquired below current market prices. Source: @glassnode

1

0

4

Louis Sykes

@haumicharts

3 months

Here's how all the Bitcoin ETFs compare. Grayscale's $GBTC holds 75% of the total AUM, with Blackrock's $IBIT and Fidelity's $FBTC holding the most of the remaining AUM. With $GBTC's fee running 125bps higher from its nearest competitor, it's share is likely to erode over time.

3

1

3

Louis Sykes

@haumicharts

1 month

My spotlight in today's crypto note. Sign up here:

0

3

Louis Sykes

@haumicharts

14 days

BitMEX's bitcoin perpetual swap now offers 250x leverage "While the increase in leverage potentially allows traders to profit more, it also heightens the risk of substantial losses, with as little as a 0.4% move enough to cause liquidations."

BitMEX's bitcoin perpetual swap now offers 250x leverage ahead of halving

BitMEX has increased the leverage on its bitcoin perpetual swap, XBTUSD, from 100x to 250x ahead of the halving event.

www.theblock.co

Pearl

@ppearlman

6 years

Here's the thing about behavioral economics. People are crazy.

82

441

2K

0

2

Louis Sykes

@haumicharts

10 days

@BladePrisk @iamstillratio please this is all i want

1

0

2

Louis Sykes

@haumicharts

2 months

@desertman388

Louis Sykes

@haumicharts

2 months

Both assets are making all-time highs. But while Gold has been moving higher, investors are erring that it's a time to sell out of it. Meanwhile, Bitcoin is hitting an all-time high and investors have been flocking into the ETFs.

2

1

15

1

0

2

Louis Sykes

@haumicharts

2 months

@Iam_JAM80 You can get alerts sent to your inbox in our daily notes --

0

2

Louis Sykes

@haumicharts

2 months

@RachelFintwit You're right! Solana's pretty damn impressive

0

1

Louis Sykes

@haumicharts

1 month

@DisruptionHedge It pays to be an optimist

0

1

Louis Sykes

@haumicharts

8 days

@AsennaWealth Agreed. Especially when you zoom out to those former highs, this seems like a patience-first tape and you give it time to setup

1

0

1

Louis Sykes

@haumicharts

3 months

@evan_dutil @IanCulley Get better, brother.

1

0

1

Louis Sykes

@haumicharts

14 days

@MrTySmith Chart made on @Optuma

1

0

1