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reminder that, for multi-exchange firms, this isn't really their PnL -- this is where they're long vs short. 3AC was very "positive" when things went up and "negative" now but pretty sure they're making money both times, just with hedges in other places.

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TheSkyhopper

@TheSkyhopper

May 19, 2021

2nd place... gotta work harder on @bitfinex

3:25 PM · May 19, 2021Twitter Web App

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I sent my LP token to FTX. Is there a way to solve this? I sent you a DM. Please help me Please.

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Who will be the biggest #Bitcoin holder on the earth ? @elonmusk @michael_saylor

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Ouch

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je pense qu’il a regardé le live du journal du coin et il s’est senti obligé d’apporter un peu plus de détail à ton explication 😆

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Is this how you were able to get on the Bitmex leaderboard with 2 accs? (genuinely curious if it was a product of hedging vs purely directional strategies)

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No, because if they go up leaderboard same time clearly they are not long/short but doing other strats

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Hey

, Why don’t you list SafeGem, it will revolutionize the jewelry industry by authenticating precious stones via NFT certificates 💎 #GEMS

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I dunno. 3AC was plus 10-20 recently as price dropped I’m assuming through a btc short on finex hedging some of their ETh exposure elsewhere. They musta closed the short at some point and flipped long. Doubt they got creamed but really doubt they made money last 24 hours

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It's likely the 'standard' Bitfinex trade, which is long Bitfinex futures, and short futures on another exchange. Bitfinex futures consistently have lower funding rates. It's an "arb". Also, you see the leaderboard on the gains side is small, which supports this trade idea.

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3AC's unrealized is still 4 million in the green