Coral DeFi (@coraldefi) 's Twitter Profile
Coral DeFi

@coraldefi

Liquid Digital Asset & Venture Capital Alpha Strategies. Nothing that we tweet is financial advice.

ID: 1355008050319527938

linkhttp://coraldefi.com calendar_today29-01-2021 04:21:19

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2,2K Followers

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perhaps a local top in alts this morning. let's see but we may need longer consolidation lower. for now replicating some exposure from alts into $BTC

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the daily on $BTC is actually disgusting. can we eat into that wick at the very least zooming out to the weekly, $BTC still looks healthy

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This fund is already long $POPCAT. Solana is on the verge of a breakout and WHEN that happens, the cat will pop higher x.com/yh_0x/status/1…

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Holding bitcoin as collateral and picking up the future top performing alts. Soon the election overhang will be behind us. Careful on the leverage in the meantime but get ready for what comes after bitcoin breaks ATHs $SOL $RUNE $POPCAT $WIF $SYN

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Update with just a couple days to go: Odds on Polymarket are narrowing as expected. Risking 2.5% of the book on Kamala at 35% has provided a nice hedge so far on altcoin weakness. We sized alts low relative to $BTC because on both a breakout/breakdown, we expect BTC to show

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Markets hate uncertainty. By the end of the week, the election will be done and there will likely be a 25bps rate cut. Patience until then

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Book is still long BTC from pre-election. Tactically trading alts around it. At the moment, we are primarily focused on SOL

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A quick position update (12/11/24) Our book remains long into year end. Over the past month, we have tactically traded $ETH, $SOL, and altcoins and ended up moving a majority of the book back into $BTC and cash at the start of this month. We found ourselves slightly under

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Brutal price action into the holidays. Grabbed some more $SOL here to lower cost basis to $203. Added $HYPE as well at $22.62. More stink bids on it down to $16 in case markets keep puking