In a note published on Saturday, we briefly outlined what took place over the weekend, a $700B total market-cap decline that saw most crypto assets fall over 25% on an intraday basis.
As we’ll cover in this week’s report, we’re on the sidelines with elevated cash positions. Risks still linger for long positions right now–we’re waiting for a higher-conviction entry.
Here’s a quick summary of what took place over the weekend:
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