Crypto Climbing the Wall of Worry, Flows Suggest There is Still More Work to Do
Feb 13, 2025
• 6
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AERO
9.16%
AI
-1.78%
BONK
-9.96%
BTC
-6.07%
DOGE
-9.03%
ETH
-6.52%
HNT
-10.08%
JTO
-12.58%
RAY
-15.15%
SOL
-10.89%
USDC
0.01%
VIRTUAL
-10.82%
XRP
-8.24%
BITF
-22.66%
BITW
-14%
BTBT
-14.12%
CIFR
-17.56%
CLSK
-24.76%
COIN
-14.3%
CORZ
-10.22%
HIVE
-13.97%
HOOD
-12.3%
HUT
-22.36%
IREN
-22.1%
MARA
-19.44%
MSTR
-17.88%
RIOT
-16.83%
SMLR
WGMI
-18.09%
WULF
-16.64%
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).