[00:51] Shorting with Derivatives: Discusses hedging strategy by shorting 0.5 BTC on perpetual futures at 1x leverage to flatten net direction while collecting positive funding fees - when perps trade above spot, longs pay shorts periodic payments
[02:30] Funding Fee Dynamics: Explains funding typically stays positive even during downtrends, oscillating around 0.01% equilibrium, allowing hedged shorts to net profit over time without directional exposure
[03:52] ADL Risk Warning: During October's $19 billion liquidation cascade, auto-deleveraging kicked in across venues, trimming winning positions including shorts to keep books balanced - rare but real counterparty risk
[06:21] ETH Staking Yields: Native staking via Lido Finance currently pays 2.6% APR, with liquid staking tokens enabling additional DeFi yields, though 2022 showed stETH can trade at discount to ETH during stress
[08:14] Aave Liquidation Performance: During October 10th market wipeout, Aave processed record $180 million in liquidations automatically without protocol pausing - demonstrates battle-tested architecture for lending yields
[10:16] Stablecoin Arbitrage: During liquidation events, stablecoins can depeg to 98-99 cents on Curve/Uniswap while centralized exchanges still mark at $1, creating easy arbitrage opportunities until pools rebalance
[11:02] Gas Fee Arbitrage Killer: When market stress hits, on-chain gas fees spike hard, turning profitable arbitrage trades into loss-making ventures even before accounting for slippage
[12:31] September-October Performance Contrast: While crypto faced choppy action ending in major long wipeout, gold relentlessly powered to fresh all-time highs - illustrating "always a bull market somewhere" principle
[14:27] Warren Buffett's Cash Position: Berkshire Hathaway sitting on record $350 billion cash pile in both absolute and relative terms - if world's best capital allocator holds dry powder, retail can too
[15:25] Dollar Cost Averaging Psychology: DCA removes timing decisions and protects against fatal panic selling after months of accumulation - rules-based boring approach that forces buying when it feels awful
[17:19] Threshold DCA Strategy: Advanced variation that doubles scheduled buy if price down 20% from 30-day average, or halves if up 20% - systematic tilt toward weakness without becoming day trading
[18:16] Time in Market Beats Timing: With BTC specifically, holding long enough means entry price matters far less than ability to stay invested through volatility - battle-tested asset designed to survive