back at the desk tomorrow. will take a fresh look at everything. quick thoughts: $BTC broke down outside of upper balance and is trading through the imbalance where there was a lack of value development (low volume node) due to the one sided aggression that piled in on the way up. Inclined towards some mean rev opportunities into next week after how heavy the market has been. 7D and 30D rolling VWAPs at ~116.5 and ~116.7 would be the textbook area to target on potential relief. Monday into New York Open (+/- an hour) will be important to observe. Statistically speaking, the past two weeks has been geared towards thin Sunday upside and Monday reversion - Tuesday turnaround - however, these past few days have been an anomaly so keeping an eye on any changes in microstructure behavior. Will post more once back. 🫡

Eyes on PDH and PWL - ~114-114.7

@velo_xyz custom*