Crypto

In today’s briefing:

Crypto Crisp: Short-term Patience
Will History Rhyme?

Crypto Crisp: Short-term Patience

In recent weeks, Bitcoin has shown signs of life, almost reaching $70,000 this morning.
In our view, it is only a matter of time before we break through this psychological level.
Enough about Bitcoin. As promised in last week’s Crypto Moves #36, this Crypto Crisp will focus on Ethereum ETFs.

Will History Rhyme?

BTC’s July surge highlights market volatility and potential Q3 consolidation.
Spot ETF launches drive significant crypto inflows, influencing market dynamics.
Upcoming token unlocks could impact market liquidity and trading conditions.

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Jul 27

Daily Brief Crypto: Dog Days of Summer and more

In today’s briefing:

Dog Days of Summer

Dog Days of Summer

Market consolidation signals opportunity, not the end: we’re just in the 2nd or 3rd inning of the crypto cycle.
Bitcoin and Ethereum ETFs bring unprecedented demand, setting the stage for significant market movements.
Solana’s on-chain activity and retail adoption make it the standout trade of this cycle.

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Jul 26

Daily Brief Crypto: Crypto Moves #36 – Give the Ethereum ETFs a Week and more

In today’s briefing:

Crypto Moves #36 – Give the Ethereum ETFs a Week, Then It Is Up Only

Crypto Moves #36 – Give the Ethereum ETFs a Week, Then It Is Up Only

The U.S.-based Ethereum spot ETFs were launched on Tuesday, concluding their second trading session yesterday.
Since the launch, Ethereum has declined slightly both in dollar terms and relative to Bitcoin.
Despite this situation, there is nothing to fear – in fact, quite the opposite, as we will demonstrate in today’s Crypto Moves.

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Jul 24

Daily Brief Crypto: Crypto Crisp: We Roll and more

In today’s briefing:

Crypto Crisp: We Roll

Crypto Crisp: We Roll

First, the crypto market has seen substantial gains in the past week, particularly Bitcoin, which is now trading at $67,000 for the first time since mid-June, having previously traded as low as $53,500.
Please do not make the mistake of thinking that we cannot go higher in the near future.
Let us reiterate the bullish outlook we have put forward in what feels like forever.

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Jul 20

Daily Brief Crypto: Crypto Liquidity Watch: The Current Crypto Versus Tech Correlation Is a Must Watch and more

In today’s briefing:

Crypto Liquidity Watch: The Current Crypto Versus Tech Correlation Is a Must Watch

Crypto Liquidity Watch: The Current Crypto Versus Tech Correlation Is a Must Watch

By Andreas Steno

My great colleague, Mads Eberhardt, is off on a well-deserved mini-summer break, accordingly handing me the keys to the weekly crypto editorial.
As Mads is probably currently stuck with the same feeling I have when I hand the iPad to my almost 80-year-old dad, I’ll stick to connecting the dots between liquidity, the recent sell-off in crypto, and the current sell-off in technology.
Do current developments square, or can we find value trades here?

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Jul 17

Daily Brief Crypto: The Bulls Strike Back and more

In today’s briefing:

The Bulls Strike Back

The Bulls Strike Back

BTC reclaims multi-month range lows, hinting at potential bullish momentum despite recent sell pressure.
Spot ETF inflows surge, showing resilience even as BTC faced significant market cap erosion.
ETH spot ETF launch set for July 23, could spark renewed market interest and opportunities.

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Jul 16

Daily Brief Crypto: Crypto Crisp: No Fear and more

In today’s briefing:

Crypto Crisp: No Fear, Prices Soar

Crypto Crisp: No Fear, Prices Soar

The crypto market has recently diverged not only from the rapidly improving liquidity conditions in the broader economy but also from various positive crypto-specific factors such as declining exchange balances, regulatory clarity, reduced Bitcoin miners’ reserves, the historically positive post-Halving period, and the imminent launch of Ethereum spot ETFs.
This decoupling has been driven by the German government selling nearly 50,000 bitcoins over the past few weeks, most of which were sold last week, along with the start of repayments to Mt. Gox creditors.
The substantial rebound in crypto assets this weekend, as the German Bitcoin selling ended on Friday, highlights that the tumbling prices in recent weeks were merely due to the German government, Mt. Gox, and, not least, the unjustified fear of substantial selling pressure, as we argued in last week’s Crypto Crisp titled ‘Buy the Dip’.

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Jul 13

Daily Brief Crypto: Crypto Portfolio: Adding Ethereum Alpha with ETF Launch and Institutional Onchain Adoption and more

In today’s briefing:

Crypto Portfolio: Adding Ethereum Alpha with ETF Launch and Institutional Onchain Adoption
The Dark Night Rises – Part 1

Crypto Portfolio: Adding Ethereum Alpha with ETF Launch and Institutional Onchain Adoption

There is no Crypto Moves today.
Instead, today’s note marks our first trade for our Crypto Portfolio, along with the rationale behind this decision.
This trade aims to indirectly benefit from the imminent launch of U.S.-based Ethereum ETFs, without directly increasing our Ethereum exposure.

The Dark Night Rises – Part 1

Navigating a challenging macro environment with conflicting signals on Fed policy and inflation risks.
Global liquidity contractions impact BTC, but future easing could spark a market revival.
Crypto markets face headwinds, yet long-term growth potential and institutional adoption remain strong.

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Jul 10

Daily Brief Crypto: Crypto Crisp: Buy the Dip and more

In today’s briefing:

Crypto Crisp: Buy the Dip
A Bad Break For Bulls… What’s Next?

Crypto Crisp: Buy the Dip

Before we dive into this Monday’s edition of Crypto Crisp, we want to announce a format change.
Starting today, the ‘Charting Crypto’ section will only feature the most intriguing charts we have discovered over the past week.
Instead of showcasing four to five recurring charts that may not always be interesting, we will focus solely on the most noteworthy ones.

A Bad Break For Bulls… What’s Next?

BTC hits multi-month range lows amid heavy liquidations and bearish market structure.
Altcoins experience significant losses, with many sectors down 20%-50% in recent weeks.
ETH and SOL spot ETFs signal growing institutional interest despite current market struggles.

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Jul 05

Daily Brief Crypto: Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio and more

In today’s briefing:

Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio

Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio