ilqdty daily2 min readRead the latest
the biggest traders on hyperliquid are 16 short to 2 long on bitcoin, one day before the october inflation print
as of this morning bitcoin still sits above sunday's low, and i like that more than the shorts do.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 74,604 | -0.3% | -2.9% |
| $ETH | 2123.3 | -0.1% | -5.7% |
| $SOL | 86.3 | -0.2% | -6.1% |
| BTC.D | 60.2% | ||
| F&G | 29 fear |
01Crypto4 stories
- web3auth moved $5.6M out of exposed keplr wallets before the hackers could get to themThe Block
- spacex plans a $24 billion supercomputer in texas, worth 17 times its bitcoin pileCoinDesk
- vitalik says eth should be valued as a store of value first, with fee burning second@VitalikButerin
- a senate investigator gave binance, tether and the trump family's crypto firms until nov. 30 to hand over recordsCointelegraph
02Macro3 stories
- oil had its worst week since covid, down 17% on hopes of peace with iranAsharq Al-Awsat
- taiwan's economy is forecast to grow 12.34% this year on ai ordersFocus Taiwan
- china's factory prices are rising at the fastest pace since 2022, but shoppers there barely pay moreCNBC
03Trends3 stories
- polymarket's us site passed pumpswap, the main trading pool venue on solana, in weekly fees: $16.2M to $15.5M. over 30 days pumpswap is still bigger, $85.1M to $82.1MDefiLlama fees
- on hyperliquid, kinetiq's elysium chain is set to open today, with fees paid in $HYPE (-12.7% on the week)CoinDesk
- on solana, pumpfun took $1.02M in fees in a day and the ten trending coins traded $69M combined. $PUSSY (+13796%) did $11.6M of volume at a $2.6M cap, and $ANSEM (+23%) leads the list at $52.9M
04Today2 stories
- 1pm ET: the treasury sells $58 billion of three-year notes, the first of three debt sales this week and a check on who still wants us bonds
- morning: fed governor bowman speaks, one day before the inflation print
05My view
last week tried hard to break crypto and it held. bitcoin sits between sunday's low at $73,510 and $75,451, the average price strategy paid for its coins. a daily close back above $75,451 undoes sunday's break.
the big shorts have been right for two weeks. every one of them has to buy to get out, and the cheapest oil in months takes pressure off the inflation number the fed cares about.
the danger is tomorrow's cpi at 8:30am ET. 0.3% is expected after 0.6% in september, and polymarket, where ppl bet real money on events, priced a december hike at 76.5% this morning. a hot print makes that hike close to certain. stablecoin supply is also down to $293.0B, so new money has not shown up yet.
i can't tell yet if the shorts are early or just stubborn. im still bullish. buyers have the edge this week because that much of the market is leaning the other way.
first debt sale this afternoon, inflation tomorrow morning. lock tf in.