Welcome to the alpha please newsletter. I curate five alpha tweets every week - that’s it, that’s the newsletter.
Gm friends, BTC continues to go sideways, and there’s a kind of permanent anxiety as everyone waits to see which direction it chooses next.
The next big move will likely dictate the coming months, and there are solid arguments on both sides.
I still lean toward BTC moving higher, given how much selling it’s absorbed over quite a long period of time.
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Your weekly reading:
*All screenshots will take you to Twitter if you click.
1. Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think
Jordi argues that the current price action in Bitcoin resembles the kind of distribution you typically see around IPOs.
2. Liquidity alpha
“TLDR; liquidity headwinds ease after this week alleviating the pressure on Bitcoin.”
3. The Incentive Layer - A Bittensor Documentary
Long form watch on Bittensor.
4. Bob Loukas Wisdom
“The goal is to flow wealth down into the Foundational. Think of it as a funnel, you want high flow in to have a better chance to multiply it and have enough to flow the way down.”
5. Crypto has become an inferior casino
“…financial nihilists no longer believe in crypto as the best place to express their financial nihilism views.”
Yield of the week (brought to you by Kamino)
Kamino still offers several options for earning around 10% APY on stablecoins right now.
With the market looking shaky and indecisive, it’s a solid option to earn yield if you’ve gone risk-off.
Kamino has one of the strongest security track records in all of DeFi and remains one of the few platforms worth considering as a home for your stablecoins.
alpha_pls tweet of the week
Rambling thoughts:
And that’s your alpha.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Crypto currencies are very risky assets and you can lose all of your money. Do your own research.