I bought a decent bag of $AVNT yesterday. Here is why: - High-leverage RWA trading (stocks & stock indices with leverage) - Vision: RWAs are overrated, but leveraged RWAs are underrated - Nobody cares about 2% on an index, but with 10x leverage? - This could find PMF in an underserved market. What most people don't realise is that many countries only tax you on your crypto gains when you off-ramp into FIAT. No taxes on leveraged stocks, but a diversified risk profile. Also: - Backed by Base + Jesse, listed on all major exchanges day 1 - Massive airdrop already absorbed → strong entry point. - Founder has a Pantera background. - Among the most traded tokens on Coinbase at launch. All of this makes $AVNT look like an asymmetric opportunity with a favorable entry.
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The White Whale currently has $255 million in long open interest. Positioning: - Bitcoin 40x | Value: $152 million | PnL: -4.2 million - Ethereum 25x | Value $104 million | PnL -4.9 million In total, he has $79 million margin at risk with 3.2x leverage.
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I haven't written many market updates recently, mainly because the market has been volatile and trading has been difficult. However, I would like to share some of my short-term thoughts with you: 1. The market is currently correcting, which could be partly due to the PCE numbers that we expect in around 3.5 hours. The market tends to de-risk before any macroeconomic data is released, but more often than not, the figures are in line with expectations, and the market continues on its previous trajectory. 2. ETH looks a bit shaky, with BMNR trading very low compared to MNAV. Personally, I wouldn't want to go long here, but I should mention that I think Tom Lee has He hasn't issued any convertibles or interest-yielding preferred stocks yet. Personally, I don't want to be short or long Ethereum here. 3. Bitcoin also looks poor, but there is a decent chance of a BTC.D increase if the market stays bearish.
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