degentrading

degentrading

t.me/degentradinghouse

Sep 21, 2026, 15:21 UTC

- cont - second half of the write up On compute deals - i think the market is not pricing in current economics. First lets talk about the scale. Anthropic has committed to 517B through 2029, OAI has committed to 856B through 2030....there are frankly not enough data centers or those even planned for these rates. Next, there is definitely a slow down in new DC permissions. Which will slow down new builds even more. All of this creates a potent cocktail for a neocloud repricing. Where are the catalyst however? There are 2 in my mind. First of all is the Anthropic S1 dropping. This will show that the economics of inference to be extremely good and for people to stop thinking that this entire capex spend is a waste of money. Secondly, GS actually showed a video on Instagram about their Co head of FICC saying that Neoclouds are the asymmetric bet... Think about that. Tradfi is finally realising and coming to this side of the table. In the first part, i talked about agentic adoption. Besides CPU, the other mover is going to be NAND. This has materialised in NAND pricing breakouts. After using Grok Bot, i think this agentic use case is here to stay, which means we are at the early part of the curve for NAND price moves. Next on Crypto, i want to make this a little more impactful. $TAO i believe will reprice quite soon. Some of the subnets have shown good amounts of progress and i think this is very much due for a repricing. On the memecoins, $DOGE and $PEPE are my picks. I think that some amount of accumulation is undergoing in those tickers. For $ZEC, i have taken profit on some of it. In context, we had a fantastic move. I personally am not a greedy person who needs to take every single cent. I am happy with my gains and have locked in some. The $ZEC move will not be a one way street up and i want to retain dry powder to bid it on a -50% move down. For those punting low caps...$ORBIO has been talked about a lot - it is now at 80M. There are some interesting gems on RH doing inference markets trading at a fraction of the valuation. Which of these will actually become an established player? I frankly have no idea. This is like venture investing. Good for small portfolios. —— Since my note - CPU meta picks like $INTC/ $ARM /$AMD are up 10%. $DOGE and $PEPE up 10% and 20%

degentrading

t.me/degentradinghouse

Sep 24, 2026, 05:26 UTC

Pre Market Thoughts - 24 Sep 26 Korea holiday for the rest of this week. Despite the soggy SPX performance yesterday, $NKY is actually up 1% for the day. Over the course of last night, post the impressive PMI prints, yields soared to the highs. 10Y at 5.11% and 30Y at 5.4%. This rapidly triggered some derisking across the risk complex. I posted on the Terminal 2 hours before the dip that i was derisking across both my crypto and equities positions, such that i would then have the cash to be able to bid dips. (terminal.gambit.zone). The chat comes with many features now, like the ability to pull data off the chat itself (try it /capex MSFT for eg to get MSFT Capex numbers) In my prior post, i talked about how we saw the highs in yields. This was rapidly proven wrong as the market swiftly corrected - however i still think that there is significant risk of a short squeeze across the treasury complex. On SPX, we also had a factor reversal. Energy which was the worst performing the day before was the best performing while Info Tech took a plunge. Interestingly, $SOXX remains very resilient and $QQQ still sits near the ATHs. Single names were where the pain mostly resided. $SNDK was weak Crypto wise, it is very notable that into the first move that so much BTC OI was taken off. On HL, BTC OI went from 3.9B to 3.2B - for context these were the pre pump levels. (terminal.gambit.zone/dex-data/pulse#chec… This suggests to me that traders are still relatively cautious and flighty - which is better positioning wise. It is also notable that throughout the move up, funding remained relatively tepid. I dont think that we suddenly had way more market makers in crypto over the course of bear market - which suggests to me that generally not too much leverage was used thus far. This does not mean that crypto will go up. Just that i dont think that people are overleveraged. In terms of alts, i also posted on the terminal that i added back exposure yesterday during the move down. $DOGE at 0.092, $PEPE at ~0.00044 $TAO at 288. My trading style for alts remains quite fluid because i recognise that there is insufficient capital within the space still for a general move up. Thematically, AI, Privacy and memes have been what the market rewards and are themes that i personally have the conviction to underwrite. I will be discussing more tickers on the terminal Good luck!