As promised, every Thursday we recap the week in the Vault — Epoch #34 (239 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: +1.59% ($80,998 > $82,282) Vault profit since last week: +$155,176 —————————————————————- BTC since Vault launch: +21.07% ($67,960 > $82,282) Vault profit since launch: +$3,534,425 —————————————————————- What can I say... volatile out there. Thank you all. We’re only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #33 (232 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: -3.84% ($84,235 > $80,998) Vault profit since last week: -$1,143,462 —————————————————————- BTC since Vault launch: +19.18% ($67,960 > $80,998) Vault profit since launch: +$3,379,249 —————————————————————- We just had the two most profitable epochs in a row — and here comes the most negative one ) Volatile out there, and there's probably more to come... nothing new: diversify, rebalance, plan your portfolio percentages in advance. Volatility like today's shouldn't stir up any particular emotions. Thank you all. We're only just getting started!

As promised, every Thursday we recap the week in the Vault — Epoch #32 (225 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: +0.23% ($84,038 > $84,235) Vault profit since last week: +$941,507 —————————————————————- BTC since Vault launch: +23.95% ($67,960 > $84,235) Vault profit since launch: +$4,522,711 —————————————————————- BTC is +0.23% for the week, while the Vault is +20-25% — sounds pretty good... Take profits, diversify, don't get greedy. At any moment the market can move 20-35% in a single day, up or down, and you have to be ready for it. Thank you all. We're only just getting started! #Hyperliquid #BredoStrategy #Vault #BTC #Bitcoin #DeFi #Crypto #CryptoTrading

To the participant "Vault 0xc0b0...237a" — could you please split your deposit into 2 or 3 parts from different wallets? Because of you, I have to keep my cash balance above your "Vault Amount." The way Hyperliquid works: if you withdraw in one click and there isn't 100%+ free cash on the balance to cover your cashout, it automatically closes 25% of all positions — even if it's short by $5. The system only closes a proportional share of positions after checking that the same amount exists on the free-float balance, and only then closes that share of positions without touching the free-float funds. This benefits everyone. #Vault

As promised, every Thursday we recap the week in the Vault — Epoch #31 (218 days). BredoStrategy Vault: app.hyperliquid.xyz/vaults/0… The Vault launched on February 17, when BTC was at $67,960. —————————————————————- BTC since last week: +9.53% ($76,724 > $84,038) Vault profit since last week: +$1,402,587 —————————————————————- BTC since Vault launch: +23.66% ($67,960 > $84,038) Vault profit since launch: +$3,581,204 —————————————————————- Nothing to write — everything important was written many months ago. The main ideas — how to "act" in situations like this and how to "survive" the drawdowns — were written back in the times of "falling", when it was genuinely hard. Right now the challenge is to: A. Be at the terminal 24/7, because in theory news can drop at any moment that will "work" / "push one asset or another hard". B. As usual, avoid overtrading and wait — maybe just wait a month or two doing nothing, while reading every little piece of information. C. Stick to the pre-built plan for rebalancing and diversification, turning a blind eye to temporary hype, the urge to invest "more" than needed, or euphoria. Other than that — just "got lucky". "BredoStrategySubs" — closed for new entries, sorry to everyone who applied. I'll post if I reopen it later. Almost halfway there — to closing the Vault. Thank you all. We're only just getting started!

A few thoughts out loud. In less than a year, crypto exchanges have taken a few percent of the volume of the world's two largest oil benchmarks. Hyperliquid alone sometimes does hundreds of millions — and at times over a billion — in oil notional per day. A four-year-old venue is trading crude next to venues that are a hundred and fifty years old. Yesterday CFTC Chairman Michael Selig told the U.S. Treasury Market Conference that the agency is preparing markets for "mass tokenization," onchain finance and 24/7 trading — and that crypto and precious metals may already be suitable for round-the-clock markets. The regulator is describing as the future exactly what Hyperliquid does today. Third piece. Since Sept 17, NEAR has private perps on by default: deposits route through a private shard, so the link between a wallet and a position is no longer visible onchain — while execution happens on Hyperliquid's engine, in the shared book. And this week NEAR showed up on Hyperliquid spot itself — quietly, no exchange announcement, with the strict list in the UI still to catch up. Zcash's run this season was explained by demand for privacy in the asset itself. But a private asset is only storage. Stacking the three facts above, here's what I keep thinking about: the next form of that same demand isn't a private coin — it's private access to the deepest onchain markets. Trading oil, equities and crypto on Hyperliquid's liquidity without leaving a trail that ties the position back to your wallet. Because you always have to think about where the market goes next — where the hype will be. Anonymous, liquid trading in literally every global asset sounds like an interesting case. What this market lacks right now is a narrative. In past cycles it was obvious what everyone was dancing around: what we were dreaming of reaching, what "they" were building. Most of those ideas were utopian and will never ship — that's not the point. The point is that they moved things. Today it's far more prosaic: tokenization of assets, and that's it. Nobody is building metaverses, or social networks with honest value distribution, or a ride-hailing app with no counterparty, or encrypted cloud storage on a blockchain where your data doesn't belong to Google or Amazon. Those ideas aren't here anymore. What's here is government bonds at a yield, and the hope that nobody skims another couple percent off you on the way. That's the whole narrative. In my opinion that's also why we're not growing fast: there's no global "wow." Meanwhile the men in ties saw their own opportunity in crypto and are pushing tokenization forward on our behalf, in wide strides. And if we don't have an idea of our own, maybe it's worth looking at what they will want from this market next — especially against the backdrop of Zcash's rise, whose use case I think is obvious to everyone. It's just bleak watching this market's lifeless eyes, where nobody has believed in anything or expected anything for a long time. Every cycle has its steering ideas. It's time to name this one's.