Sam Gaer

CIO Monarq Asset Management. Former BlockTower PM and Partner. Founder Katana Financial, Former CIO/EVP NYMEX, CEO Nymex Europe, CIO FINRA

[Monarq Asset Managment @monarq_mgmt]

Our CIO, @samg67, is live on @MTSlive discussing @MicroStrategy, Bitcoin, and the market dynamics shaping digital assets. Tune in. 🎙️ $MSTR

[Monarq Asset Managment @monarq_mgmt]

Our CIO, @samg67, joined peers at the @AIMA_org Digital Assets Conference in NYC last week.

Allocators, managers, and infrastructure all in one room. A clear signal of how institutional crypto is evolving.

[steven.hl @_stevenhl]

The last time HYPE was $50:

- BTC was $125K
- ETH was $4600
- SOL was $235
- HIP-3 didn’t exist
- HIP-4 didn’t exist
- PURR wasn’t bidding HYPE
- HYPE ETFs didn’t exist
- Circle wasn’t giving HL 90% of their USDC yield
- People assumed team unlocks was 10M HYPE tokens monthly

[Monarq Asset Managment @monarq_mgmt]

Miami has become a hub for institutional digital asset management.

Our CIO, @samg67, speaking at @TheTieIO's Innovate Miami:

Alpha hasn’t disappeared; it’s shifted to market structure, liquidity, and execution.

[Jeff Park @dgt10011]

The yield farming frenzy to own tokenized US stocks is going to be the UBI supercycle of the century

The digital homestead act and the great liquidity migration

Prepare accordingly

[European Blockchain Convention @EBlockchainCon]

EBC12 Speaker: Sam Gaer (@samg67) | CIO, Digital Assets | @monarq_mgmt

Sam Gaer led the $9 billion NYMEX and CME merger as CIO and CEO of NYMEX Europe, served as CIO at FINRA, and founded Katana Financial, one of the world's largest VIX traders and among the first market makers for CME Bitcoin and Ethereum futures.

He now serves as CIO of the Directional Strategy at Monarq Asset Management, overseeing discretionary and systematic strategies across digital assets.

Join the leaders shaping digital assets in Barcelona on September 16 - 17:
https://t.co/SS1oYoYh5J

[Monarq Asset Managment @monarq_mgmt]

So, CME’s volatility futures seem like the next logical step, helping institutions manage risk beyond price direction into volatility itself, according to @samg67, chief investment officer of Monarq Asset Management's Directional Fund.

"IBIT options open interest surpassing @DeribitOfficial is a clear signal of institutional demand, and vol futures are the natural next step," Gaer told @CoinDesk in a Telegram message.

https://t.co/0gHITM2m2u

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — DEFENSIVE
18-May-2026

BTC $77,652 (-0.99%) | ETH $2,152 (-1.97%)

Institutional flows are weighing on markets, with BTC ETFs posting $290M in daily redemptions and $995M in weekly outflows — reversing last week's $632M inflows.

Despite $700M in long-dominated liquidations (88% longs), the deleveraging has room to run before positioning is fully cleared. ETH OI contracted sharply on Okex (-13.4%) while SOL saw similar unwinds on Bitget (-9.2%).

Funding remains mildly constructive (BTC 0.0052%, ETH 0.0021%) but fear territory at 28 signals continued near-term pressure. BTC DVOL average at 38.86% with max pain at $78,000.

---
24h Liquidations: $700M (88% longs)
ETF Flows: BTC -$290M | ETH -$66M
Funding: 0.0052% (MILDLY CONSTRUCTIVE)
F&G: 28 (FEAR)
OI Change: BTC +0.5% | ETH -8.2% | SOL -5.9%

---
Headlines:
• UK's financial payments network is ready for tokenization, regulators say
• Aave restores ether borrowing limits after $230 million exploit
• Bitcoin slides below $77,000 as Trump's Iran warning rattles risk assets

---
Support: $75,800 | Resistance: $79,200
Risk: Continued ETF redemptions; institutional selling pressure
Catalyst: Technical breakout confirmation; macro data releases

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Monarq Asset Managment @monarq_mgmt]

Our CIO, @samg67, speaking at the @AIMA_org Digital Assets Conference today.

Alpha, execution, and institutional implementation all front and center.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — CAUTIOUSLY CONSTRUCTIVE
08-May-2026

BTC $79,623 (-1.01%) | ETH $2,276 (-1.59%)

Marco Rubio says Iran peace deal response expected today with WTI at $94.23 and VIX at 16.97.

BTC ETFs recorded $777M weekly inflows (vs. $163M prior week) despite Thursday's -$268M print.

Market internals mixed: moderate liquidations at $251M (76% longs) and constructive funding (-0.0045% BTC) signal oversold bounce setup, but OI contracting on major venues. ETH Bitget OI spike (+10.7%) vs. SOL unwind (-16.0%) shows rotation dynamics. Fear at 38 as institutional accumulation accelerates beneath surface volatility.

---
24h Liquidations: $251M (76% longs)
ETF Flows: BTC $-268M | ETH $-104M
Funding: -0.0045% (CONSTRUCTIVE)
F&G: 38 (FEAR)
OI Change: BTC -1.0% | ETH +1.5% | SOL -2.9%

---
Headlines:
• Marco Rubio: Iran peace deal response expected today
• NEAR Protocol leads CoinDesk 20 index (+6.3%)
• Coinbase bulls cite crypto legislation progress

---
Support: $79,101 | Resistance: $80,405
Risk: Long liquidations accelerate if support breaks
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Monarq Asset Managment @monarq_mgmt]

Our CIO, @samg67, joined two panels at @Yield_Summit on ETFs and DeFi infrastructure.

The next phase of digital asset markets will be defined by better infrastructure, smarter capital deployment, and scalable on-chain rails.

Join us at DAYS NYC in June: https://t.co/cMevHCCtWS

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — NEUTRAL
29-Apr-2026

BTC $77,169 (+1.4%) | ETH $2,314 (+2.0%)

Importantly- at the time of this writing, Brent is trading $117, WTI nearing $105, VIX is 18? We are flagging market complacency in terms of risk premia. As my colleagues point out- near dated BTC vols are around 31, indicating further complacency in asset classes globally.

Alternative view: the U.S. is energy independent and the Iran conflict will soon resolve; all eyes on FOMC, AI, Mag-7.

Significant ETF outflows continue with BTC seeing -$353M this week after +$824M last week, while ETH ETFs recorded -$72M. WTI crude at $103.31 (+4.0%) and VIX normal at 18.06. Despite institutional selling, positioning is constructive with negative BTC funding at -0.0031% and shorts dominating liquidations at 69%. OI contracted notably on OKX (BTC/ETH both -5.8%). BTC DVOL average at 41.3% with balanced put/call flow. Support levels holding with BTC at $76.5k and ETH at $2,286.

---
24h Liquidations: $222M (31% longs)
ETF Flows: BTC -$90M | ETH -$22M
Funding: -0.0031% (CONSTRUCTIVE)
F&G: 26 (FEAR)
OI Change: BTC -3.1% | ETH -3.2% | SOL +2.0%

---
Headlines:
• MoonPay acquires Israeli crypto security firm Sodot in $100M stock deal
• DeFi shaken by $292M hack, but showing resilience, Standard Chartered says
• Securitize, Computershare open path for $70T U.S. stocks to move onchain

---
Support: $76,496 | Resistance: $77,325
Risk: Continued ETF redemptions; institutional selling pressure
Catalyst: Negative funding; healthy positioning for rally

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗔𝗳𝘁𝗲𝗿𝗻𝗼𝗼𝗻 𝗖𝗮𝗹𝗹 — CAUTIOUS
28-Apr-2026

BTC $76,231 (-0.83%) | ETH $2,292 (+0.04%)

Aave exploit technical proposal adds market uncertainty while institutional flows drive the tape. BTC ETFs recorded a heavy outflow of $263M for the week, sharply reversing from last week's $824M inflow — FBTC led with $150.4M outflows. Market internals strong with light liquidations at $192.6M (67% longs) and constructive ETH funding at -0.0019%. Fear & Greed in fear territory at 33. ETH OI notable move on Bybit +6.6%. BTC DVOL average at 40.89%, ETH moderate at 59.74%.

───

24h Liquidations: $192.6M (67% longs)
ETF Flows: BTC $-263M | ETH $-50M
Funding: 0.0062% (MILDLY CONSTRUCTIVE)
F&G: 33 (FEAR)
OI Change: BTC -0.9% | ETH +3.3% | SOL -0.2%

───

Headlines:
• Crypto coalition releases technical proposal to save Aave users from token exploit
• Polymarket reportedly seeking CFTC approval to reopen to U.S. traders
• Oil hits $100 as UAE announces OPEC exit May 1

───

Support: $76,059 | Resistance: $77,772
Risk: Continued ETF redemptions; institutional selling pressure
Catalyst: Technical breakout confirmation; macro data releases

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — CAUTIOUSLY CONSTRUCTIVE
24-Apr-2026

BTC $77,952 (+0.1%) | ETH $2,315 (-0.6%)

Markets are range-bound as participants await a directional catalyst. Positioning remains washed with very constructive ETH funding at -0.0132% and light liquidations at $181M, while BTC ETFs pulled in a strong $809M for the week. The setup favors patient longs but macro uncertainty persists. BTC DVOL average at 42.85%, ETH DVOL moderate at 65.04%. Support holds at $77,257 for BTC.

───

24h Liquidations: $181M (54% longs)
ETF Flows: BTC $+223M | ETH $-76M
Funding: -0.0014% (CONSTRUCTIVE)
F&G: 39 (FEAR)
OI Change: BTC -1.8% | ETH -0.7% | SOL -3.7%

───

Headlines:
• XRP risks 40% decline vs BTC despite ETF inflows
• Morgan Stanley positioning as stablecoin reserve manager
• China tightens ban on crypto promotions

───

Support: $77,257 | Resistance: $77,960
Risk: Macro uncertainty; regulatory headlines
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — NEUTRAL
23-Apr-2026

BTC $77,701 (-0.73%) | ETH $2,327 (-3.24%)

Andre Cronje's Flying Tulip adds withdrawal circuit breaker as DeFi exploits mount, adding to market uncertainty.

BTC, ETH, SOL remain caught in the headlights of headline to headline action around macro events, while Strategy (MSTR) purchases BTC yesterday.

Today, market internals mixed with moderate liquidations at $301M, though institutional demand persists with BTC ETFs pulling in $586M weekly.

Constructive funding rates (BTC -0.0034%, ETH -0.0081%) offset by notable OI outliers — BTC on Bybit +14.6%, SOL on Okex +12.6%.

Fear & Greed neutral at 46. This marks a significant sentiment shift from months of fear and extreme fear readings.

BTC DVOL average at 42.69% with balanced put/call flow. ETH showing moderate vol at 63.98% with call-dominated positioning.

───

24h Liquidations: $301M (51% longs)
ETF Flows: BTC $+336M | ETH $+96M
Funding: -0.0034% (CONSTRUCTIVE)
F&G: 46 (NEUTRAL)
OI Change: BTC -2.7% | ETH -3.4% | SOL +4.7%

───

Headlines:
• More than 100 crypto firms urge Senate to move on U.S. market structure bill
• Andre Cronje's Flying Tulip adds withdrawal circuit breaker
• U.S. military runs Bitcoin node, sees crypto as power projection

───

Support: $76,383 | Resistance: $77,928
Risk: Macro uncertainty; regulatory headlines
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — RISK-ON
22-Apr-2026

BTC $78,313 (+3.01%) | ETH $2,408 (+4.37%)

Traders don't see Kelp socializing losses after $292M exploit, adding to market uncertainty while broader macro inputs remain the primary driver.

Market internals mixed with elevated liquidations at $409M.

ETH outperforming (+4.37% vs BTC +3.01%) with notable OI expansion on Bitget (+12.8%). Funding mildly constructive for BTC at 0.0015%, ETH at anchor (0.0100%).

Fear & Greed at 32 (still in fear territory) but up signifcantly from previous readings, while shorts dominated liquidations (72%). BTC DVOL average at 43.42%, ETH moderate at 66.68%.

ETF AUM at $99.1B (+4.3% WoW).

───

24h Liquidations: $409M (28% longs)
ETF Flows: BTC $+12M | ETH $+43M
Funding: 0.0015% (MILDLY CONSTRUCTIVE)
F&G: 32 (FEAR)
OI Change: BTC +3.7% | ETH +3.6% | SOL +0.3%

───

Headlines:
• Traders don't see Kelp socializing losses after $292M exploit
• Flight to safety: How Maker's Spark and USDC are winning $10B Aave breakup
• SEC 'on the cusp' of onchain tokenized securities exemption

───

Support: $78,134 | Resistance: $79,341
Risk: Macro uncertainty; regulatory headlines
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — CONSTRUCTIVE
21-Apr-2026

BTC $76,211 (+0.9%) | ETH $2,317 (+0.1%)

Bitcoin climbs as risk sentiment improves while altcoins face exploit concerns, adding uncertainty despite broader recovery. Market internals mixed with moderate liquidations at $254M, solid BTC ETF inflows of $238M, and constructive funding at -0.0058%. Fear & Greed at 33 (fear) but institutional flows remain supportive — Strategy overtakes BlackRock IBIT in holdings after bear market accumulation. BTC OI expanding (+2.9%) led by OKX (+4.5%), while ETH OI contracts slightly (-0.8%). DVOL average at 42.90% with put/call neutral, suggesting balanced positioning. Support at $75,375, resistance at $77,025.

───

24h Liquidations: $254M (34% longs)
ETF Flows: BTC $+238M | ETH $+68M
Funding: -0.0058% (CONSTRUCTIVE)
F&G: 33 (FEAR)
OI Change: BTC +2.9% | ETH -0.8% | SOL +1.3%

───

Headlines:
• DoorDash brings stablecoin payments to masses with Stripe
• Almost 80% of Japan's institutional investors plan crypto within 3 years
• Strategy overtakes BlackRock IBIT in bitcoin holdings

───

Support: $75,375 | Resistance: $77,025
Risk: Macro uncertainty; regulatory headlines
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — NEUTRAL
20-Apr-2026

BTC $75,251 (-0.40%) | ETH $2,309 (-0.86%)

Nearly $1B in bitcoin ETF inflows power the bull case as the Kelp hack fuels DeFi jitters. BTC ETFs recorded a strong weekly inflow of $996M, up 19.6% WoW with IBIT leading. Market internals remain mixed with elevated liquidations at $419.8M (66% longs) and constructive funding at -0.0020%. ETH on Bitget showed notable OI contraction at -9.1%. Despite institutional accumulation, fear sentiment persists at 29 while traders watch CME gap and hack fallout. WTI crude up 5.81% to $87.39 as geopolitical tensions simmer.

───

24h Liquidations: $419.8M (66% longs)
ETF Flows: BTC $+664M | ETH $+127M
Funding: -0.0020% (CONSTRUCTIVE)
F&G: 29 (FEAR)
OI Change: BTC -1.9% | ETH -0.5% | SOL -3.2%

───

Headlines:
• Bitcoin drops from highs as traders watch CME gap, DeFi hack
• LayerZero blames Kelp setup for $290M exploit
• Mastercard plans to settle card payments with stablecoins

───

Support: $74,602 | Resistance: $75,441
Risk: Long liquidation cascade if support breaks
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

[Digital Asset Yield Summit @Yield_Summit]

We are excited to introduce Sam Gaer (@samg67), Chief Investment Officer at Monarq Asset Management, as a speaker on the Digital Asset Yield Summit stage in Miami!

With over 25 years of building high-performance trading infrastructure across traditional and digital markets, including serving as CIO at both NYMEX and FINRA, founding one of the first market makers for CME crypto products, and leading directional and systematic strategies at BlockTower Capital, Sam brings a depth of market structure expertise that few in the digital asset space can match.

As CIO of Monarq's Directional Fund, where he oversees discretionary and systematic strategies across digital assets, and explores the intersection of institutional portfolio management and onchain yield with a front-row view of how sophisticated capital is navigating the shift from passive crypto exposure to active yield generation.

Catch Sam on the stage, May 4

[Sam Gaer @samg67]

𝗠𝗼𝗻𝗮𝗿𝗾 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗮𝗹𝗹 — NEUTRAL
13-Apr-2026

BTC $70,974 (-0.61%) | ETH $2,186 (-0.78%)

Crypto stalls as oil surges past $100 on Strait of Hormuz tensions, sending WTI to $104.26 and the VIX to 21.48. Despite extreme fear at 12, institutional flows are stabilizing — BTC ETFs recorded a strong $833M weekly inflow, reversing from just $22M last week. IBIT led with $137.6M daily. Strategy added 13,927 BTC for $1B through STRC. Positioning is washing out with notable OI drops: BTC on Binance -8.9%, ETH on Okex -11.6%. Funding remains constructive at -0.0049% with light liquidations at $182M. The underlying market is getting its footing amid broader uncertainty.

───

24h Liquidations: $182M (52% longs)
ETF Flows: BTC $+257M | ETH $+65M
Funding: -0.0049% (CONSTRUCTIVE)
F&G: 12 (EXTREME FEAR)
OI Change: BTC -0.6% | ETH -2.9% | SOL -3.9%

───

Headlines:
• Crypto markets stall as oil surges past $100 on Strait of Hormuz blockade
• Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC
• Bank of Korea calls for stock-style circuit breakers on BTC exchanges

───

Support: $69,785 | Resistance: $71,461
Risk: Extreme fear sentiment; selling pressure risk
Catalyst: Strong ETF inflows; institutional accumulation

𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.