We are buying it at a nice discount!
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Diversitas is a well-diversified crypto strategy with the majority of its holdings in the top 50 cryptocurrencies by market capitalization. The strategy is actively managed while the number of rebalances varies depending on the market movements. When rebalancing the strategy, technical analysis, media attention, historical patterns, blockchain metrics, and upcoming announcements are taken into account.
I warned about a flash crash due to the high leverage ratio a few days ago and we saw one last night. Expect more of those in the coming weeks as the leverage ratio is still quite high
That being said, we saw a small drop as some long positions got liquidated. I think we are good for maybe a week but then we should see a new one in case the ratio does not come down. Again, nothing to panic about as things still look extremely good long-term! $BTC
When it comes to $LUNA , things look bullish as well. Do Kwon (CEO) just posted this
Looks like MIM - UST partnership is happening With IBC and Wormhole bridge going live in the next few days, the future is bright… very bright!
P.S. I plan to increase $LUNA back to 60% in the coming days
You can see what happened to the price of gold when the first spot gold ETF was approved. Let’s hope Grayscale converts their trust into spot $BTC ETF as soon as possible
Yesterday we saw a small and healthy pullback. In my opinion, nothing to worry about. The market still looks extremely bullish According to Santiment, the whales are also loading up at those levels. Over the past 5 weeks, 254 whales joined the 100-1,000 $BTC club! This shows their confidence
Looking at the on-chain data, not much has changed. Exchange reserves are low, funding rates near 0%, miner outflows below the yearly mean, hash rate (mining power) near an all-time high, etc. The only slightly concerning sign is the leverage ratio which is quite high
That being said, the worst outcome due to high leverage is a flash crash where the overleveraged positions get liquidated. Long term everything looks extremely bullish and reminds me of the time before we broke 20k $BTC