Ilan Solot
@isolot
24 Following
25 Followers
Casts
Casts + replies
Ilan Solot
@isolot
0 reply
0 recast
0 reaction
Ilan Solot
@isolot
ETH wif hat.
0 reply
0 recast
0 reaction
Ilan Solot
@isolot
This is what a "healthy correction" looks like. Liquidations in ETH wipe out a lot of open interest but price continues rising with a cleaner set up.
0 reply
0 recast
0 reaction
Ilan Solot
@isolot
0 reply
0 recast
0 reaction
Ilan Solot
@isolot
The rally is so powerful because it combines leverage (cyclical) with a shift in portfolio allocation (structural). BTC is the beneficiary of portfolio allocation, and ETH from growing demand for leverage since it’s the highest-grade collateral, especially in its yield-bearing forms, LSDs.
0 reply
0 recast
1 reaction
Ilan Solot
@isolot
+1
0 reply
0 recast
0 reaction
Ilan Solot
@isolot
On your ETHE discount comment vs GBTC https://warpcast.com/isolot/0x7a936708
1 reply
0 recast
1 reaction
Ilan Solot
@isolot
Dream within a dream within a dream. The journey of an idle ETH through two layers of value, only to be deconstructed in the end into different parts.
0 reply
1 recast
3 reactions
Snakefinger
@snakefinger
Hold onto your panties... https://theblock.co/post/275907/genesis-asks-bankruptcy-court-to-approve-1-4-billion-sale-of-gbtc-shares This could be happening today. $1.4b in gbtc getting offloaded, a huge outflow of btc. We could see BTC below $40k by Fri. All part of the unwinding of the Genesis / 3AC / FTX clusterfuck.
0 reply
1 recast
0 reaction
Ilan Solot
@isolot
@rsa.eth can please post a "who to follow" list for Farcaster. I'm just getting started here.
0 reply
0 recast
1 reaction
Ilan Solot
@isolot
The Ethereum spot ETF approval in the U.S. could happen as early as May 23. We’re roughly 100 days away from the first approval deadline (May 23), and the ETHE discount is 12.5%. This is very similar to where GBTC’s discount was trading 100 days before the approval (Oct 2), before it quickly converged to zero.
0 reply
0 recast
3 reactions
