Prismatic Capital

Quantitative, multi-strategy hedge fund in digital assets

[Prismatic Capital @PrismaticCap]

This still seems to be tracking pretty well. Quarterly change in bank reserves against BTC. It's definitely an oversimplication of liquidity, but interesting nonetheless.

[Josh @mynt_josh]

@ChillTRD @PrismaticCap We still have a ways to go imo.

https://t.co/ibAJZqFngc

[Prismatic Capital @PrismaticCap]

Don't overcomplicate, how to make money on altcoins....

https://t.co/vxnhamdX6w

[Prismatic Capital @PrismaticCap]

And here we are, patience pays

[Prismatic Capital @PrismaticCap]

We could still see continued downside on alts, but looking at market breadth, these levels typically represent great long-term buying opportunities for those who are patient and can withstand a bit more downside. We're buying some alts here.

[Prismatic Capital @PrismaticCap]

Over the past 7 days, Solana DeFi has been the best performing sector.
View performance for all sectors across different timeframes here: https://t.co/4y4YRP8V1h

[Prismatic Capital @PrismaticCap]

You can see the much talked about Sept seasonality weakness in liquidity here, but markets dont seem to care. A strong narrative (eg, rate cuts into a strong economy) can be powerful, at least for a bit.

[Prismatic Capital @PrismaticCap]

BTC price action continues to track bank reserves. Is BTC price just a random walk around reserve flows...?

[Prismatic Capital @PrismaticCap]

We’re keeping the cost super low at the moment ($10/month), but will raise the cost substantially in the near future. If you lock-in a membership now, you will be grandfathered in at your low rate forever. Enjoy!

[Prismatic Capital @PrismaticCap]

If you’re in crypto and (like us) believe the big moves and trends are driven by shifts in monetary and central bank liquidity, we have something for you: https://t.co/4y4YRP8V1h

[Prismatic Capital @PrismaticCap]

After keeping our dashboard private for several years, we’ve decided to open it up to the public so others can benefit too.

[Prismatic Capital @PrismaticCap]

We strongly believe it’s the flows in liquidity that matter most. In other words, the monthly/yearly change in numbers, rather than the numbers themselves.

[Prismatic Capital @PrismaticCap]

https://t.co/CG2waQF5YN
Excellent report on @aori_io and what they're building, written by @0xArhat @l2iterative. Aori will be core infrastructure for high frequency intent execution, which enables all kinds of defi strategies across fragmented liquidity. Very cool.

[Prismatic Capital @PrismaticCap]

...if you want access to these charts, we're opening up our dashboard to the public in May or June-ish

[Prismatic Capital @PrismaticCap]

Monetary liquidity implies a headwind for risk assets for now. Wild guess, but think we get choppiness until Fed's QRA announcement on May 1st, then the next leg up in crypto resumes after QT taper formally announced.

[Prismatic Capital @PrismaticCap]

For more details on @IntentX_, their novel intent-based architecture, tokenomics, and competitive positioning, be sure to read the full report:

https://t.co/REwRvTI2d9

[Prismatic Capital @PrismaticCap]

In addition to its main offering, IntentX is developing a front-end-as-a-service product to provide a standardized, high-quality interface for other protocols.

This "meta front-end" approach aims to drive adoption and revenue for the IntentX ecosystem.