5 Alpha Tweets - Sober market update, BTC DeFi cheat sheet & More

Edition 147

Feb 09, 2025

Welcome to the alpha please newsletter. I curate five alpha tweets every week - that’s it, that’s the newsletter.

Gm friends, this Monday we had the biggest ever liquidation event crypto has seen in dollar terms. It wasn’t pretty, and we are still in recovery mode right now. The surprising thing here was BTC didn’t go below 91k, which shows just how strong it is this cycle.

I will link my thoughts at the end of the newsletter, as I did a big write up on the events that led to that and where we are in the cycle.

I hope everyone is surviving, and didn’t get caught too badly. It’s definitely a moment to have a sober look at what you are holding.

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Your weekly reading:

*All the screenshots will take you to Twitter if you click.

1. blocmates 2025 Thesis

Deserves a read for putting out some optimism on the the day we had $10B liquidated from the space. Also, the blocmates team are early to most trends.

2. Sober market update

Awawat’s thoughts on where we are at.

3. On Discounting Your Portfolio Peak

“It matters less how much you make, and matters more how much you keep.”

Excellent essay here by Cred.

4. BTC DeFi cheat sheet

Useful list for those interested in BTC DeFi, which is growing massively.

5. Adapt or get chopped up

Jordi speaking the truth imo. And it’s good for the industry.

Yield of the week (brought to you by Kamino)

Maybe after the week we just had more people will appreciate JLP.

JLP Multiply remains one of the best yielding, risk adjusted assets in crypto.

What makes this opportunity particularly appealing is JLP's lower volatility profile compared to other crypto assets (an index fund composed of SOL, ETH, WBTC, USDC, USDT), providing a more stable leveraged yield opportunity. Users also earn 3x KMNO points on their positions. While leveraged positions carry liquidation risk (at 80% LTV), JLP's historical stability and diversified composition have helped users manage this risk effectively.

Kamino has established itself as one of the leading DeFi protocols on Solana, recently reaching a new TVL ATH of $2.75B.

Check out Kamino

alpha_pls tweet of the week

Thoughts on where we are right now.

And that’s your alpha.

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.

alpha please