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JUMP Crypto Ditching ETH, War Fears & Futures & 🇯🇵 (Patreon)

Published:
2024-08-05 00:16:48
Imported:
2026-06
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Content

JUMP & ETH DUMP

Not sure what they have left. But they sold a lot of ETH this weekend into an illiquid market.

Firedancer is working. So why are they ditching ETH?

A few theories I have right now:

1) they need liquidity to fund Firedancer

2) they need liquidity to fund an exchange

3) they are shedding ETH to buy something else eg SOL?

4) they are out of cash?

5) they think ETH is .... well there are faster horses as I say...

6) If they swtich from ETH staking to SOL staking - wow we will get some serious fireworks

WAR FEARS

Concerns about a potential resurgence of conflict between Iran and Israel still persist.

STOCK MARKET FUTURES

Futures are down but not too much - but expect a weak open.

I am currently about 12% cash and will be deploying more this week. August Sept are always rocky so be ready for buying opps.

Japan Market continues to tank on the Carry Trade Reversal

Things are very unsettled

 

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Comments

03XO_O

Since the weekends normally pump, is anyone else waiting until later this week to buy? Perhaps we will see some ETF holders dump tomorrow.

AlphaBet

S Korea has halted all stock sell orders

Peter Griffin

So what's the new projected bull cycle top for BTC - down to 80-90k. Wait through a four year cycle for a chance to be up 20-30% from ATH? That sure seems like a shitty return for such a volatile asset. Every time we have these shitstorm dumps, the projected highs come lower and lower. Sure is depressing as hell...

Nectarphine

Iim not so sure that BTC likes a crisis, any longer! I wish I had powder to splurge but i burned it all the way down from 70k...i swear it follows me every time i spend something, it literally has to crash down like right as i spend a bit of hard earned cash

smithers

A more likely scenario is that Jump Crypto is exiting the market-making business (possibly due to government investigations and nothing to do with ETH).

OrcinusOrca
>>145645156

I don't wish be loosing that much again. So I am considering seriously selling before it really goes to nothing. I cannot imagine people, even the rich, wanting to hold on to cash because a war looms or anything else on the markets drop. Before bitcoin yes, but not now. Something else is at play here and someone knows something. Far east markets must be starting by now and there there is a lot of hidden peoblems.

Hans

Your 401k is getting unburdened from what has been.

GMGains

I avoided buying last week ...i actually wound up a few airdrops to have spare cash. Thought if history repeats we will have a another dump in August. Here we are. Steady gang we will recover in the coming weeks.

Jay B
>>145652398

Everyone panicking over BS. So we're back to levels we haven't seen in 30 days... which is also making everyone lose their minds. A 30 day low is hit so everyone calling Bitcoin dead and selling at a loss now like that's the smartest move they could come up with lol

Mbolorman

Looking at that shopping list and I am scratching my head going, what an opportunity! But no cash😇

HighGrade

What’s looking juicy this dip?