Stay Mostly Invested, Keep Cash Ready for Dips
There are smart people, with good reasons, who lean bullish here. There are also smart people, with good reasons, who lean bearish. No doubt, it's a divided market. You have to decide for yourself, and be able to recover or withstand the market moving against you for a period, if you're wrong. I've done my best to share my view, and many have asked what that means in terms of *personal positioning.* I'm ~39% "free cash" (in MMFs), ~61% long capital, and capital includes assets outside of crypto. This aligns with my intention below of staying majority allocated to my favorite assets within Capitalism, despite being cautious in the short-to-medium term. Capitalism is designed to grow capital, hence always staying allocated makes the most sense to me and my disposition. It's never full port, all-or-nothing, behavior. Cryptoassets remain in their top-range, with prices up a tad since my most bearish tweet. I will use the cash when prices are attractive to me again, and know that my nerve will always be tested by crypto volatility to the upside and downside. NFA.
BTC, ETH, SOL Hold Top Range for Months
But note that we've been in the current top range for months for $BTC, $ETH and $SOL.
Price Ranges Tend to Persist at Both Extremes
Top ranges often last for a while, as do bottom ranges.
Treasury's Bitcoin Reserve Swells 64%, Now 3.5% Gold Value
“Since March, the administration has authorized the Treasury to retain seized digital assets as part of a Strategic #Bitcoin Reserve… with the Prince Group seizure, that reserve just grew 64% overnight, reaching ~3.5% of the U.S. gold stockpile in dollar...
BTC Must Hold $100K 50‑Week Line After 200‑Day Dip
$BTC lost the 200D, now to see if it can hold the 50W (~$100K), which we have held since the bull began. If you're a bull, that's the line you need to hold. https://t.co/E5bW4ep3oJ
Crypto's Private Market Valuations Consistently Rank Near Top
Private market valuations like these have always come near the top for crypto.
Seamless Wallet Integration Critical for L1 Liquidity Growth
Ease of exchange & wallet integration is hugely important for developing liquidity, many L1s have faced this issue.
Crypto Crash Shows Elevated Range, BTC Still Holds
Increasingly convinced last Friday's massacre broke crypto for a while - hard to quickly develop a sustained bid, after such a meltdown. This cycle has been disappointing for most, which can paralyze action as people hope for bluer skies, or...