Try harder topcats.online
Solami & Hyperliquid
Joined June 2024
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not every move up is the "last leg"
not ever leg lower is "it's over, start of a major recession bear market"
gotta stop thinking and making moves like this man
DEAL TO END GOVERNMENT SHUTDOWN NEARS: AXIOS
Senate Democrats signaled Sunday they’re ready to back a bipartisan package to reopen the government, sources told Axios.
At least 10 Democrats are expected to support advancing a spending and short-term funding bill. The deal reportedly includes a promised December vote on extending Obamacare tax credits.
Dreamer retweeted
The bear thesis is a combination of "it's been four years" + "chart looks bad" + "degens are not coming back" + "AI is a bubble".
That's about it. Very weak IMO.
One of the many overhangs on risk last week were the election results indicating that cost of living concerns were the main issue driving the electorate. Coming out of that, Trump had two paths. Either shift towards being hawkish on fiscal and monetary policy to force inflation lower, or airdrop money to the people. It's clear which path he is choosing.
Trump can get stimulus checks done under the budget reconciliation process, thus only requiring 51 votes in the Senate. There will be some pushback from R budget hawks but he can get it done. We may also see D defections as the optics of opposing money to their constituents won't be great. We will see more discussion of this as time goes on.
We are going to start seeing Fed balance sheet expansion again, as NY Fed President Williams telegraphed on Friday. While they are not going to be taking out meaningful duration, at a time of diminished bank reserves, this is going to have a meaningful positive impact in the market.
The thesis is playing out: Trump is running it hot into a bubble. The bear theses on risk are weak. My entire feed has been discussion of an AI bubble top. Dips are for buying.
Dreamer retweeted
There has never been another President of the United States who cares more about how the stock market does than the one who's in power now, even if he says that he doesn't care about the market.
Dreamer retweeted
$HOOD vs $HYPE: Q3 Earnings and Valuation Comparison
▫️Hyperliquid Q3 Revenue / Earnings:
- $289M with 99% used for buybacks
- 65% QoQ growth
- $1.15B in annualized earnings
- 110% growth YTD (quarterly results)
▫️Robinhood Q3 Revenue:
- $1.27B in revenue
- 28.8% QoQ growth
- $5B in annualized revenue
- 37% growth YTD
▫️Robinhood Q3 Earnings:
-$556M in earnings
-44% QoQ growth
-$2.2B in annualized earnings
-65% growth YTD
Both companies have executed well and delivered strong growth. However, @HyperliquidX has been expanding at a faster pace YTD.
For Hyperliquid, revenue equals earnings, and earnings equal "dividends" since 99% of those funds are used for daily $HYPE buybacks.
Spoiler: faster growth doesn’t guarantee future outperformance. Valuations are based on future expectations.
▫️Still, let’s look at the facts:
-Hyperliquid has been live for about a year.
-It already competes with Robinhood in terms of earnings.
-It has grown faster YTD (110% vs 65%).
-Every dollar earned is distributed to holders through buybacks.
-Hyperliquid is also an L1, which isn’t yet priced in.
Despite this, $HYPE trades at a P/E of around 11, while $HOOD trades above 50.
That either means the market expects Hyperliquid’s growth to slow significantly and lose market share, or it means the market is missing something.
There are valid reasons why $HYPE trades at lower multiples (covered on our website), but $HOOD trading at a 5x higher P/E ratio while growing slower and showing lower profit margins seems exaggerated.
All eyes now on @HypeStrat, likely launching by the end of the month.
Hyperliquid.
Dreamer retweeted
Whenever the entire bear case is ever:
Chart look bad
Or
Equities are going to nuke
You likely need to get Gorilla Long
Dreamer retweeted
where do you want think the $2k everyone gets chilling in their house will go? i’m not even gonna say too much
Dreamer retweeted
Big week.
~ Dr. Axius.
As volatility dries up during this painful period of chopsolidation [post 10/10 nuke],
Most people lose it all with the scraps they have left by just overtrading NOTHING.
“I have to make it back now before the next big selloff! It’ll be even more dead!”
That is a HOOD CLASSIC MARKET PSYOP.
Exact same shit as the FTX bottom.
1:1 with the sentiment and price action.
When FTX collapsed, almost EVERYONE around at the time was calling for lower.
They shorted, price chopped, got stopped.
They longed, price chopped, got stopped.
DO YOU NOT UNDERSTAND?
This is now a holders game.
And even then,
We saw MANY coins during the supposed “bear market” launch and run up to multiple BILLIONS.
PEPE being a great example.
Why?
Because when there’s less going on, it’s easier to standout with concentrated liquidity siphoned into the “new” thing.
If anything, opportunities are somewhat easier if you stick around.
You’ll have your chance to hit it big again.
Survive and fight off the doomer mindset.
~ Dr. Axius.
Dreamer retweeted
who the fuck sold
fucking retard
shit like MOG even bottomed
stop selling idiots
start buying
use brain
use ur fucking BRAIN
feels like someone has been trying to do max damage the whole weekend after we had a nice pump on friday ffs
bounce here?
The Hyperliquid team is currently testing something called BLP on the Hypercore testnet - which I assume stands for BorrowLendingProtocol. It appears to be a native borrowing and lending market on Hypercore, with functions like borrowing, supplying, and withdrawing.
Currently, only USDC and PURR are available in this market on testnet. Maybe this is the mechanism they’ll use to enable multi-margin safely, by introducing an underlying lending layer. Not sure though, all speculation for now.
Hyperliquid.
ppl have been donating their SOL to boomers during this dip 😹
~$30,000,000 of inflows into $BSOL yesterday. Solana purchased.
Inflows every day for the last 8 days since its launch. Over $500,000,000 in total.
It’s clear investors want Solana exposure.
With $BSOL, we’ve aimed to construct a high quality way for investors to get access: 100% staked, very low fees.
Grateful to those entrusting Bitwise to steward their assets.
Onward —