Crypto Research
1,917 Results
MARKET SURVEY In partnership with the Medici Network, we are conducting a client survey on DATs, ETFs, and broader sentiment. Aggregated results will be shared with clients. The survey takes ~5 minutes, and broader participation will make the insights more valuable. Thank you in advance for your participation. CLICK HERE TO COMPLETE THE SURVEY. OUR QUICK TAKE ON THE CRYPTO MARKET:Gold’s push to all-time highs is a constructive signal for BTC,...
AUGUST RECAP Although funding fell approximately 15% from July’s total, August funding remained strong, totaling $820 million across 92 deals. Year-to-date funding is significantly ahead of 2024’s pace, reaching $7.5 billion thus far compared to $8.5 billion for all of 2024. August’s funding was heavily concentrated in Infrastructure, DeFi, and CeFi, which represented 93% of total funding and 91% of deal count. It was a strong month for Series B...
DISCUSSED IN TODAY'S VIDEO:ETH FINDS BUYERS – ETHBTC found support today, suggesting ETH could resume participating alongside BTC and SOL.MACRO SETUP – Gold continues to front-run a regime where the Fed cuts into a stable economy with solid employment and above-trend inflation.DATA CHECK – Manufacturing PMI showed green shoots via new orders and depleted inventories, while JOLTS came in soft but stable with hires down and layoffs steady. The jobs-per-unemployed ratio dipped below...
DISCUSSED IN TODAY'S VIDEO:Gold’s breakout to all-time highs reinforces our constructive crypto view, as gold strength has historically preceded BTC ralliesMSTR inclusion in the S&P 500 remains a 50/50 call but would (obviously) be a material catalyst for both MSTR and BTC if it occurs. Rebalance announcement date is Friday 9/5.The launch of Solana-focused DATs is creating a distinct tailwind, making SOL one of the more attractive tactical opportunities in...
DISCUSSED IN TODAY'S VIDEO:FED STILL ON COURSE: Cook controversy didn’t move markets. September cut (~25 bps) remains the base case with policy skewing more accommodative through next year.SELLOFF WAS POSITIONING-DRIVEN: Whale liquidations and equity profit-taking fueled Monday’s drop, but today’s rebound in ETH, SOL, and BTC (and alts) keeps the broader uptrend intact.SOLANA TAILWINDS BUILDING: New DATs will help absorb ~$2.6B in token unlocks, reducing overhang and supporting price into potential ETF launches....
DISCUSSED IN TODAY'S VIDEO:WHALE ACTIVITY DROVE THE MOVE: A Bitcoin OG rotated billions from BTC into ETH via Hyperliquid. The execution of which triggered cascading liquidations and Sunday’s sharp selloff.LEVERAGE WIPED OUT: ETH open interest and price have reset to pre-Jackson Hole levels, clearing excess froth and creating cleaner positioning.MACRO BACKDROP STILL SUPPORTIVE: With the macro regime unchanged, the selloff looks idiosyncratic rather than fundamental and my bias remains to stay long. https://vimeo....
DISCUSSED IN TODAY'S VIDEO:DOVISH POWELL: Jackson Hole remarks highlighted shifting risks toward employment, downplayed tariff-driven inflation, and suggested restrictive policy may soon warrant adjustment, paving the way for a September cut.MARKET REPRICING: September cut odds jumped to ~84%, the DXY fell below 98, small caps outperformed, and risk assets broadly rallied.ETH BREAKOUT: ETH surged to new all-time highs and decisively broke its long ETHBTC downtrend.BROADER CRYPTO STRENGTH: SOL posted strong gains while AERO (Base’s...
DISCUSSED IN TODAY'S VIDEO:Crypto weakness today looks like pre–Jackson Hole de-risking, not a broader breakdown.Continuing claims hitting a new cycle high, bringing the employment side of the Fed's dual mandate back into focus.Powell is expected to sound hawkish, but relative to expectations, his tone could skew net dovish.ETH withdrawal queue (~900k ETH) is mostly Aave unwind + stETH arbitrage, not a looming sell wall. TICKERS IN THIS...
DISCUSSED IN TODAY'S VIDEO:Coinbase-Binance spread flipped to discount, signaling strong U.S. spot selling. Markets expect Powell to lean hawkish Friday despite Fed Funds futures still implying a September cut. Much of this weakness looks like it's getting priced in ahead of time.Today’s tech-led sell-off hit momentum strategies hard, with Bitcoin likely caught in the crossfire. Still, the VIX and high-yield credit remain steady, pointing more to profit-taking than panic.Option skews...
DISCUSSED IN TODAY'S VIDEO:Powell’s Jackson Hole speech on Friday is major market-moving event this week. We expect some volatility into and around this event, but dips remain buyable given the broader constructive setup.Small-cap/S&P ratio has strengthened, consistent with a weak-dollar backdrop. ETHBTC stalled at long-term resistance but remains well-positioned medium term.AERO continues to deliver ~$200M in annualized revenue with token-holder–friendly design. Current ~11.5x fee multiple is still attractive relative to...
ETH managed to break out of its 3.5 year consolidation base over the weekend, which is quite bullish on an intermediate-term basis. As weekly charts show, the price managed to exceed both March and December 2024 peaks, bringing this to the highest levels since late 2021. This move effectively helps to surpass the resistance of this entire triangle pattern in my view. While I suspect that this initial breakout might have 2-3 weeks...
Miran’s Nomination Pulls Upside Risk Forward, Plus an ETH Chart Deck (Core Strategy Rebalance)
CORE STRATEGY We will address changes at the end of this note. Source: Artemis, Fundstrat CRYPTO EQUITIES PORTFOLIO Source: TradingView, Fundstrat QUICK SIDENOTESWe produced an ETH chart deck for clients this week. You can find the report HERE.I will be traveling next week and will not be publishing during that time. I understand this coincides with CPI week, and I appreciate your patience and understanding. If a crypto-related emergency arises,...