Crypto Climbing the Wall of Worry, Flows Suggest There is Still More Work to Do
Feb 13, 2025
• 6
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AERO
N/A%
AI
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0.93%
DOGE
1.69%
ETH
2.59%
HNT
-0.94%
JTO
-1.60%
RAY
-6.65%
SOL
2.23%
USDC
-0.02%
VIRTUAL
-7.53%
XRP
4.86%
BITF
+10.92%
BITW
BTBT
+4.84%
CIFR
+20.2%
CLSK
+10.13%
COIN
+9.7%
CORZ
+6.42%
HIVE
+17.59%
HOOD
+3.76%
HUT
+16.81%
IREN
+14.21%
MARA
+1.3%
MSTR
+1.41%
RIOT
+4.44%
SMLR
+6.24%
WGMI
+10.39%
WULF
+6.29%
Core Strategy
With lingering trade war talks and robust economic data dissuading a dovish Fed pivot, we think the potential for downside volatility remains elevated. While regulatory developments and institutional adoption continue to bolster the medium- to long-term outlook, no immediate “good news” seems likely. Nevertheless, we still expect crypto to outperform this year. Until we see flows return to crypto, raising cash/trimming altcoin positions appears prudent (BTC dominance higher).