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Cumberland
@CumberlandSays
A global leader offering 24/7 access to deep crypto liquidity. Not investment advice. Disclosures: cumberland.io/compliance/dis…
Chicago, London & Singapore
cumberland.io
Joined September 2017
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  • user avatar
    Cumberland
    @CumberlandSays
    May 18, 2022
    It’s remarkable that that the collapse of an ecosystem worth >$50B created no contagion whatsoever. When Lehman (a similarly-sized institution) went bankrupt, the entire global c-fi system was brought to its knees and had to be bailed out with $trillions of taxpayer money. 🧵👇
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    Cumberland
    @CumberlandSays
    Oct 10, 2024
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    634K
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    Cumberland
    @CumberlandSays
    Jun 14, 2022
    After a period of relative calm, we are now seeing the largest flows of the year through our OTC desk. This is a bit unexpected, and likely a signal that we are nearing either a local bottom, or _the_ bottom. 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Oct 9, 2022
    The end of 2% inflation and what it means for crypto: 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Nov 14, 2022
    Last week was Cumberland’s most active week ever. Beneath the chaos and explosive volumes, the FTX bankruptcy has triggered some important market structure changes 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Jun 16, 2022
    “Don’t fight the Fed” is a trading truism whose validity appears to be manifesting itself across many markets in the wake of yesterday’s 75bp hike. After a dead cat bounce, everything from #Bitcoin to Brent is steadily grinding lower. 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Dec 12, 2022
    After a very busy month, price action is consolidating. Given the nature of crypto and the tectonic shifts occurring beneath it, we do not expect this paradigm to last 🧵👇
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    Cumberland
    @CumberlandSays
    Jul 21, 2022
    Over the past week, ETH quietly rallied 55%. Prices have retraced this morning, but the broader up-trend is intact and it’s worth understanding why 🧵👇
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    Cumberland
    @CumberlandSays
    Nov 29, 2022
    Post FTX, crypto markets have settled into a new range – wrapped around $16,500 BTC and $1,200 ETH. While we could easily trade sideways through a quiet holiday period, there are a number of catalysts in either direction 🧵👇
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    Cumberland
    @CumberlandSays
    Jun 15, 2022
    Yesterday we tweeted about the concept of a top stablecoin depegging as a possible catalyst for a move lower. In retrospect it is easy to see why the Tweet may have been misinterpreted. Therefore we have removed it.
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    Cumberland
    @CumberlandSays
    Jan 8, 2019
    Desk Update: Historically, our OTC trading is relatively balanced between buyers and sellers. Over the last week, our OTC buy/sell ratio (by notional value) has increased approximately 60% towards counterparties buying.
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    Cumberland
    @CumberlandSays
    Jul 5, 2022
    Rangebound price action belies a volatile picture below the surface: a growing number of centralized cryptoasset companies are halting withdrawals, reducing headcount, and hiring restructuring firms. 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Nov 7, 2022
    A budding uptrend is taking shape in crypto. This comes against the backdrop of a weakening dollar, a more constructive macroeconomic environment, consequential midterms, and a growing drumbeat of progress in digital asset adoption. Let’s break down each factor individually: 🧵👇
  • user avatar
    Cumberland
    @CumberlandSays
    Mar 21, 2023
    Replying to @CumberlandSays
    The flow we are seeing on the OTC desk is reflecting the new reality. It has been extremely focused in BTC and ETH, and we’re seeing very little profit-taking, despite the fact that BTC is up 70% on the year; our flow ratio right now shows roughly twice as many buyers as sellers.
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