First, if you got hit badly, get of the screen and do some cool stuff. And if you need some mental support, my DMs are always open. Life is too precious to do stupid things!

Times like these are very stressful for everyone of us. You barely can prepare for such events and to be honest, I was surprised how fast everything went through.

I have never been a supporter of the soft landing scenario, but the weekend hit me as well. Now, the most important thing is to keep your sanity and don’t do stupid things. The best is to do nothing and let things settle.

But we wouldn’t be here if we weren’t heavily drawn to risk, right? So should you buy now? Well, I have no straight answer to this and it depends. I bought a little ETH by the way. I’m not a very emotional person anymore when it comes to finance and I have a long time horizon.

But lets analyze the situation…

What happened?

• on Friday Berkshire Hathaway sold Apple stocks worth $75.5B and halves its stash

• Yen carry trade unfolding

• $2T wiped out in the US stock market

How to proceed?

First, I also don’t know what’s going to happen in the next weeks/months. I just go on how I perceive the situation and how I think the probabilities are.

If you’ve been mainly in majors, the situation isn’t as fatal as for others. A BTC -20% and ETH -26% drawdown from Friday until now isn’t a mind blowing move and kinda ok for the overall situation.

But all the events mentioned, lead to what we’ve all been waiting for… money printer go brrrrr

However, the current environment isn’t primed for risk on, and crypto is still perceived as such. But, money will flow into our asset class eventually. The big question is, how long will it take?

In the next weeks, we have to watch the stablecoin moves. This can be an indicator for the direction we’re going. It can be a very bad sign if the TVL melts down significantly. If it goes sideways or even up, we’re good.

Also the ETFs can indicate the direction and how comfortable people are with crypto. A good address to track is https://coinank.com/de/etf/BtcEtfTable

I also see too many posts from people already buying for my taste. I don’t know if it’s my little twitter bubble or that people are still to optimistic. I don’t think we immediately go up in a v-shape and we could experience some sideways chop or even another leg down.

There’re still a lot of assets to sell…

Let’s also see how all the central banks play this and get a few more info before me make further decisions.

DeFi Updates

Finally I can pendle my mETH soon.

Modular Restaking

Investing

I deleveraged my positions and my mETH liquidation price is at $1300 now. People always laugh about low leverage trades, but it gave me enough time to react. Of course, those aren’t short-term trades and it requires a little more time to make serious profits. Always remember that you have to earn everything back what you lose.

Bought a little ETH for others, I’m waiting.

You can also follow my yield farming through my notion site 👇

If you’re interested in one of the following projects, I appreciate if you’d use my code!

Mantle Methamorphosis (gets you 10% more Powder):
https://meth.mantle.xyz/campaigns/methamorphosis/seggsy

Rabby Wallet (Best EVM wallet):
https://rabby.io/rabby-points?code=SEXYLIFE

Spot On Chain (Analytics Platform):
https://platform.spotonchain.ai/referral?code=0r3wi0eg6n33

Stay Sexy!

I’d appreciate if you give me some feedback and what you like to read in this newsletter, so I can provide the best value for you! Just send me a DM on X or respond directly to this mail.