5 Alpha Tweets - Optimism Airdrop, Crypto Decorrelates From Equities & More

Edition 21

Welcome to the alpha please newsletter. I curate five alpha tweets every Friday; that’s it, that’s the newsletter.

If you don’t understand this, search goblintown on Twitter

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1. Perspective on equities and crypto decorrelating

Andrew from Mechanism Capital offers a short thesis on why crypto is moving down whilst equities are moving up.

Andrew Kang (¤, ¤) @Rewkang

I don't care that equities are bouncing and correlation has been high Crypto will unfortunately decorrelate on the downside The difference is that equities have strong structural buying flows and crypto's structural flows are weak

Andrew Kang (¤, ¤) @Rewkang

If the majority of short term traders are positioned long for a big bounce and it hasn't happened yet who is coming to buy the coins for the bounce? Is long term capital deploying at these levels? Every bear market has people trying to catch knives but I don't advise it https://t.co/61xaPzOZLD

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2. $OP could be very close

Olimpio has dug into the smart contracts and it seems Optimism’s token is dropping imminently.

olimpio ⚡️ @OlimpioCrypto

Alpha leak: It seems that $OP is dropping tomorrow 👀⚡️ 53 minutes ago, someone claimed 1 $OP from the official token contract Following the blockchain clues... 🔴✨🔎

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3. How to become a Web3 dev for free

Not all heroes wear capes. Patrick Collins, a software engineer at Chainlink, has uploaded 30+ hours of free content to help you learn how to become a full-stack Web3 dev.

Patrick Collins @PatrickAlphaC

ITS FINALLY HERE 🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉 The Ultimate, Learn Blockchain Development, Solidity, Full-stack Web3, & Smart Contract Course | Javascript (& Typescript) Edition on @freeCodeCamp! 🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉 Here is everything you'll learn from this course, and more 👇

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4. The NFT possibilities are endless

NFTs can be more than just JPEGs…

croissant @CroissantEth

NFTs are commonly known as just little PNGs, JPEGs, or MP4 files. However, they actually support many different file types. In fact, some even add a new layer of functionality on top of tokens. Let’s go down the rabbit hole of different file extensions for NFTs… 🥐

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5. Advice you may need to hear today

Listen to Bob.

Bob Loukas @BobLoukas

The extreme ends of a bull and bear market make you do things you know you will eventually regret. Listen to the intuition and fight the emotion.

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@alpha_pls tweet of the week

No one has a crystal ball, but here are a few scenarios I have been thinking about.

Aylo @alpha_pls

The crypto markets. What now? Three scenarios I’ve been thinking about and planning for 🧵

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And that’s your alpha.

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.

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