SOTM July 6-July 12, 2023

The risk-on sentiment continues this week as we march closer towards potential ETF approval.  At the time of writing, Bitcoin trades at $57k in a price range not seen since May.  The futures basis spread has started to widen once [...]

Gradually, then suddenly. The Earnest Hemmingway line on bankruptcy applies well to the past week's Bitcoin price action..  After retreating into September's futures expiration and monthly close, Bitcoin began October with a swift move from a range around $42k to [...]

The market-wide risk-off sentiment continued this week as we continued to trade the chop.  Last Friday, the asset class pulled back swiftly on news that China was banning cryptocurrency for the sixth time in recent memory.  This action does follow [...]

Volatility picked up this week as we moved in on the futures and options expiration for September.   Selling picked up Sunday evening as the S&P futures opened and continued throughout Monday.  Financial pundits are connecting the risk-off move to a [...]

Markets remained flat this week following a slight recovery from last week's pullback.  Bitcoin currently trades around $48k and Ethereum around $3,600.  Significant price action did take place for Solana (SOL), a favorited chain by early VC investors and influencers [...]

Last week we noted that open interest was once again increasing, and this week a good portion of that was flushed out of the system.  After a swift pull back across crypto markets on Monday, with Bitcoin Falling form a [...]

This time is different; well maybe not. Regulation is looming, Defi summer of 2020 is now NFT summer of 2021, and we are still awaiting the approval of a Bitcoin ETF. Bitcoin and Ethereum prices surged into the August month [...]

The chart from the past week resembles the “Bart” pattern which is all too familiar to traders in the space. Bitcoin saw an aggressive rally after the NYC close of the equity markets on Friday that continued through the weekend [...]

Both Bitcoin and Ethereum pushed higher this past week with Bitcoin briefly breaching $48,000 and Ethereum reaching around $3,300. Prices have pulled back slightly over the past two days. The move may have been more macroeconomic related than industry specific [...]