1000x

Massive Selloff, Mamdani Wins, & Jonah Ditches His CryptoPunk

20 snips
Nov 6, 2025
Max Bronstein, an experienced crypto investor and former Coinbase Ventures writer, dives into the current market chaos, discussing strategic trading systems and the allure of buying during a selloff. He elaborates on why assets, even those out of favor, can surge back when triggered by buying signals. They also touch on Jonah's liquidity-driven sale of his CryptoPunk and the implications of Mamdani's NYC mayoral win on asset prices. Lastly, they explore long-term perspectives on Bitcoin, ETH, and the evolving landscape of tokenized financial assets.
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INSIGHT

Systematic Signals Beat Gut Trading

  • Max Bronstein's system flipped bullish after short-term selloffs even when market structure looked broken.
  • Systematic signals help remove emotion and time entries during violent dislocations.
ADVICE

Trim Risk During Short-Term Uncertainty

  • When short-term uncertainty rises, clean up your book and increase cash or BTC allocation.
  • Jonah sold a CryptoPunk and moved proceeds into BTC and cash to reduce short-term risk.
INSIGHT

High-Price Distribution Signals Short-Term Risk

  • Distribution above $120k BTC signaled large sellers overpowering buyers and created short-term headwinds.
  • Big institutional onramps can make selling attractive to long-term holders wanting to take chips off the table.
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