While most cryptocurrencies themselves have done well since the summer, many of the most prominent crypto stocks and miners have been painful underperformers.
In Monday's report, we outlined how conditions haven't fully developed for a high-conviction dip-buy. We're anticipating a high concentration of whipsaws before these assets find...
Last week, we outlined how the recent recovery in leverage in the derivative markets combined with thin end-of-year liquidity would exacerbate volatility. This same message continues...
The simple fact of the matter is these last few weeks have been an environment of low liquidity where we've had little to no conviction in maintaining aggressive long crypto positions.
There's zero edge in trading right now, on either the long...
This week we've been clarifying our multi-time-frame view of the market.
The point is there isn't much edge in being involved in this messy action, which will likely involve a high concentration of whipsaws in the coming weeks while Bitcoin...
In a note published on Saturday, we briefly outlined what took place over the weekend, a $700B total market-cap decline that saw most crypto assets fall over 25% on an intraday basis...
