Funding Rates Suggest an Unpopular BTC Rally, ETH Has More Room to Run (Core Strategy Rebalance)
May 13, 2025
• 4
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Author
Core Strategy
While the market has repriced quite substantially to reflect optimism over trade, we believe further upside could come from ensuing changes in tax and regulatory policy. In the House’s latest bill, more than $4 trillion in tax cuts have been proposed, with just $1.5 trillion in spending reductions. This implies continued fiscal expansion, which is stimulative and, all else equal, positive for crypto.
Changes:
Increasing ETH Exposure:
We first flagged ETH as one to watch on May 2nd and have been tracking its growing potential ever since. We are now formally...