Weighing the Probabilities

Louis Sykes
May 2, 2022

The risks and key themes we discussed in our last crypto report remain unchanged.

Price action has been chopping in the high 30,000s, and there's little to update.

We're closely monitoring the tight trading correlations to traditional finance. Despite strong spot flows, this remains the most pressing driver of price action to date.

With few actionable opportunities, we're sitting back and weighing the probabilities of a number of scenarios.

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