MacroTactical Crypto Full Archive
ETCHBTC is way too high, and I’d rather be long Bitcoin than Ethereum here.
Taking a look back at previous bottoming processes from previous bubbles in recent history.
Crypto is in that technology phase where there either will or won’t be an early majority to carry it into mainstream adoption. We shall see.
There are good arguments both for and against buying ETH post merge – I’m still seeing it as a sell. Also, ETH is not a bond and SHIB is still worth seven yards.
The Tornado Cash sanction as well as an unpleasant macro backdrop make it hard to be bullish on crypto in the short-term.
For this quiet, late summer week, enjoy a crypto crossword and some light notes on the current crypto landscape.
The Ethereum merge and the Bitcoin halving cycle are now arguably priced in, everybody is ignoring regulators, and MSTR is a wild, mostly good, and currently overextended bitcoin proxy.
The Ethereum merge, Bitcoin versus Ethereum (including a flippening in options Open Interest), and the still-hazy macro outlook for crypto.
Bearish flows have calmed down to a point of equilibrium, but regulatory uncertainties loom over the crypto markets – making it hard to tell what happens from here.
Eight things I’m looking at right now (both good and bad) to decide whether crypto has found a bottom and what might happen next.
The intriguing resilience of crypto at the lows and a possible break from NFT winter.
Talking about why BTC is a hedge for loose policy… But not a good inflation hedge.