Retail Investor Activity - Retail investors have been exceptionally active in the markets this year, showing unprecedented levels of participation [2] - Individual investors are heavily invested in broad-based ETFs like SPY (Vanguard S&P 500 ETF) and gold [2] - Retail investors are sticking with the AI trade, despite institutional investors expressing doubts [3] Leverage and Risk - Retail investors are increasingly leveraging their investments [3] - Brokerage account leverage has surpassed $1.1 trillion, reaching record highs since the 1990s [4] - Leveraged ETFs have assets exceeding $140 billion [6] - Leveraged crypto trades have suffered losses recently [6][7] Market Performance and Sentiment - Individual investors who have been cautious are likely feeling positive about the market's performance, with the S&P 500 up 15% [8] - The US market has delivered blockbuster returns over the past two years, with a 15% increase this year [9][10] - Some investors are selling hot momentum stocks like Microstrategy, Robinhood, and Palantir, which are down double digits [11]

Liquidity Optimization - Amalgam's pools ensure capital is utilized where most valuable [1] - Liquidity is used for trading, lending, and leverage support simultaneously [1] Automated Capital Management - No complicated setup or active management required [1] - Capital earns from trading, lending, and leverage support at once [1] Dynamic Capital Allocation - Capital is lent when borrowing demand is high [2] - Capital is used for trades when volume spikes [2] - Capital earns funding when leveraged traders take positions [2]

Trading Products - Jupiter Exchange 与 Drift Protocol 合作推出高达 5 倍杠杆的永续合约交易 [1] - Drift Protocol 上线 $MON 永续合约，支持高达 5 倍杠杆的 Solana 交易 [1] Cryptocurrency - Monad (MON) 现可在 Drift 上交易 [1]

Welcome back to Squawkbox right here on CNBC. Bitcoin down more than 22% in a month. Joining us right now is Anthony Poniano.He's the founder and CEO of Professional Capital Management. Pomp, we need to understand sort of where where you stand on all this. Also, I should say there's been a a bigger even uh fall in some of the other cryptocurrencies, but you've been a Bitcoin man.So, um where do you see the floor at this point and where do you see the upside. >> Yeah. Well, let's put this all in context real ...

Core Insights - Bitcoin has experienced a significant decline of over 22% in the past month, with other cryptocurrencies facing even larger drops [1] - The volatility of Bitcoin is a well-known characteristic, with historical data showing 21 instances of 30% or more drawdowns over the last decade, including seven instances of 50% or more [2] - The current market sentiment is influenced by new investors from Wall Street who are less accustomed to such volatility, leading to increased fear and potential selling pressure as year-end bonuses approach [3] Market Dynamics - The recent 35% drawdown from Bitcoin's all-time high is viewed as a healthy reset, raising questions about whether this will lead to a larger bear market or a return to previous highs [4][5] - Bitcoin's volatility has reportedly decreased, with drawdowns now expected to be around 40% instead of the historical 80%, suggesting a potential shift in market behavior [6][7] - The fear and greed index for Bitcoin is at a notably low level, indicating that the market may not remain in this fearful state for long, potentially leading to sideways movement before a gradual recovery [8][11] Leverage and Market Sentiment - Increased leverage in the Bitcoin market was noted prior to significant liquidations, but the current environment is seen as more normalized, reducing the risk of extreme downside movements [9][10] - The fear and greed index serves as a strong indicator of market sentiment, with extremely low values suggesting a lack of high leverage and a potential bottoming of prices [11] Long-term Outlook - The long-term growth potential for Bitcoin remains strong, with historical performance showing a 240x increase over the last decade, translating to a 70% compound annual growth rate [14] - Future expectations suggest a more moderate growth rate of 20-35% annually over the next decade, which could still outperform equities [15] - Bitcoin is expected to maintain its dominance in the cryptocurrency market, with its unique position as a store of value attracting significant capital inflows [17][18]

has there ever been a crypto meltdown that wasn't caused by leverage and/or an exchange? ...

🎯 Key Takeaways:🔹 Enter positions only when your setup is clear, don't chase in volatile conditions.🔹 Reduce leverage to preserve capital during sharp swings.🔹 Monitor macro shifts as the deleveraging cycle continues.Stay disciplined, stay informed! 📊https://t.co/cjfyrkBP7n6/6 ...

Where is the leverage that we should be worried about if we should be at all. Do you worry about private credit and how connected that is to the banking system or not. >> Um I think we have a a challenge in private markets.If you're looking at the private equity markets, >> okay, >> they have a bunch of problems. Um in other words, can't sell deals, uh pricing of deals, returns and so on. Can't get cash out of them.And then of also um you're looking at venture >> venture is having uh problems >> and um a lo ...

Market Impact - Stream Finance's $93 million recursive leverage implosion negatively impacted Ethena's USDE [1] - Ethena's USDE supply decreased by 45% due to market panic [1] Company Analysis - Stream Finance was generating artificial yield through leverage loops [1] - Ethena captures real funding rates via delta-neutral positions [1] Risk Assessment - The market is unable to differentiate between Stream Finance's and Ethena's approaches [1] - The market panic is comparable to the Luna contagion event [1]

Bitcoin derivatives market forming 'dangerous' setup as hopes of a swift bounce fuel rapid leverage climb: K33 https://t.co/VafJhHiBnN ...