$ETHUSDT: Down trend in the weekly

I guess this time we do have sufficient catalysts to send crypto lower...It's been a nasty series of events, with miners capitulating after using ASICs as collateral to buy Bitcoin instead of selling to fund operations, then Alameda/FTX getting toast with their bags of Sam coins as collateral for their entire operation and the noise around that. Regulatory risk increasing and we still have more miner capitulation to come in $BTCUSD after it goes sub 14k (based on on chain data). I'd say it's good to have some short exposure to crypto as a nice source of alpha (specially if you're long value/energy, etc. as I am).

Best of luck!

Cheers.

Ivan Labrie.

Commento: