Mountains and Valleys

The interest rate cuts did in fact bring back some bullish sentiment. Bitcoin hasn't broken out of its consolidation pattern yet, but the signs are slowly turning green and alt coins are very obviously eager to start moving.

Bitcoin is in a, what feels like, endless consolidation near its 2021 all time high. We still see no signs that this is anything but a typical mid cycle market situation.

At the same time, this isn't the happiest moment for MAV, as we keep getting punished on our belief in Ethereum and other alts. Let's see if the beginning monetary easing cycle and the last quarter of this year finally bring an improvement.

Scary week in crypto with a massive dump out of the blue on Monday. So far it looks like we're on a path to recovery.

Bitcoin is making another attempt above the 2021 all time high, this time with quite a bit of strength. Select alts also look eager to run. Let's patiently wait for the next leg of the bull market.

There‘s lots of talk right now about capitulation, the top being in, this cycle being different from the others etc.

We continue to believe that we are roughly mid cycle. Every indicator we watch points to this. Can we be wrong? Of course! We still believe that bullish continuation is our best bet here and that ETH, together with select alts will outperform in the second half of the bull market. MAV is positioned accordingly.

If this makes you nervous, or even angry, this could be a sign that you are overexposed to the crypto market or have overblown expectations of how fast crypto should contribute to your financial wellbeing. In that case, there’s no harm in adjusting your positioning, by taking some money off the table, consolidating your portfolio into slow moving majors etc. Sometimes a little de risking brings back peace of mind.