Crypto Update Against the Backdrop of War

Today, Russia began its invasion of Ukraine. Markets, unsurprisingly, have reacted negatively, with Bitcoin no exception.

Particularly in times of geopolitical uncertainty that can induce this type of volatility, it's vital to be clear on your strategy.

Managing risk, having invalidation levels, and understanding your risk tolerance are considerable advantages.

As for how we've been approaching the market, it's been a mess.

Monday's note captured our approach.

When Bitcoin lost 41,000 last weekend, all bets were off, and we moved to cash.

There's been no edge in pushing crypto longs, even before the geopolitical volatility we've seen over the last 24 hours.