18 May 2026
ETF owners sell hardest near break-even
BTC was rejected at the 200d MA like in past bear rallies, but the current pattern is different, we still expect that the cycle low is behind us. BTC ETPs bled 24,303 BTC this week, and we find evidence that ETF holders sell the hardest near break-even.
22 Dec 2025
2025 - Year in Review
The past year has been a conundrum. Fundamentals are stronger than ever, yet BTC has underperformed major asset classes. When prices and fundamentals diverge, opportunities arise, and we believe 2026 sets the stage for a strong BTC resurgence.
02 Mar 2026
The worst is behind us; now we wait
Amid the war in Iran BTC and oil is green while most assets are red. Positioning remains heavily defensive and BTC sits near historic oversold levels. We believe the current risk-reward favors accumulation and view BTC as a strong buy in its current range.
- 02 Mar 2026
- 26 Mar 2024
- 26 Mar 2026
- 27 Feb 2024
