We turned bullish last week on the positive price action post-FOMC and the market has really followed through. BTC rallied 12.5%, breaking above 45,000 and ETH rallied over 16% to 3,195 high today. One notable buy flow this week was the 125 million USDT purchase of BTC by Luna Foundation…

FOMC unpacking No immediate surprises on Wednesday with the 25bp rate hike and no shocking statements from Powell. The market reacted positively as a result. But make no mistake, the overall message was clearly hawkish. The most aggressive we’ve seen since before the 2008 Global Financial Crisis. 1. The Fed’s…

The Fed FOMC rate decision will be out in a few hours at 2pm ET/2am SGT. This will be the most interesting FOMC in recent memory as the Fed is walking on a tight rope. On one hand, crumbling global economic growth and on the other, relentless inflation. Here’s what…

A tough week for crypto markets: - US & EU regulators look to impose tighter regulations in response to crypto becoming increasingly identified as a means to bypass international sanctions. - Further escalation of the Russo-Ukranian conflict saw crude oil prices spike close to 130 USD. Exacerbated inflation heightens the…

The outbreak of the Russo-Ukrainian war saw BTC trade close to 38,000 lows. Crypto markets have since made an impressive recovery (led by BTC) and we are trading back at pre-invasion levels of around 44,000 in BTC. So where do we go from here? We are moderately bullish in the…

Markets saw a relief rally last Tuesday with BTC climbing to 44,776 and ETH touching 3,199 highs. However, selling pressure quickly resumed, on the back of increasing Fed hawkishness and negative headlines out of Ukraine. BTC has since traded to 37,215 lows today and ETH to 2,575 yesterday. A large…

The bullish momentum from last week hit a wall on Thursday, 10 February, with the US CPI print coming out at 7.5% year-on-year and 0.6% month-on-month. The stunningly high inflation print followed by the call for an extraordinary Fed meeting today (Monday) has led to talk about a possible inter-meeting…

BTC has rallied by 20% and ETH 27% since we posted our month-end Crypto Circular last week (https://docsend.com/view/tezqba537pce29d4). To re-iterate, we formed a bullish view February for two keys reasons: 1. Moderation of market expectations for Fed hikes 2. Positive seasonality in February Our bullishness been strengthened in the past…

A tonne to unpack from crypto markets over the past week, We will try to be as concise as possible. “We reckon actual “extreme fear” will kick in below 40,000 in BTC or below 3,000 in ETH. We intend to keep deltas (spot position) very short if these pivot levels…