Markets have drawn down
We are still waiting for May to reassess
Risk assets are most forward looking (somewhat)(disagree 1)
If we are correct then we will see somewhat of recessive Q2
Our job is capital preservation first and foremost
$btc
Acts of desperation are almost always punished by the market. Once those acts become habits they lead to ruin.
Genseler leaving left the chicken coop wide open to be raided by apex predators. We will be out of 🐔 for a while
Short summary why we are reallocating, 62.5% still stables
Spirit gave a $btc buy signal two days
Airdrops selloff muted(perhaps mm just between incentivized)
Tourists got burned
Ftx claims
Left of the bell curve bros:
Touching exponential parabola
The bad: ibit leaking