War Breaks Out

Since last week's report, war has broken out between Ukraine and Russia.

This has been the dominant driver of recent price action in risk assets, Bitcoin and crypto included.

We're still positioned heavily in cash, with little crypto exposure.

Particularly with the geopolitical volatility we've seen over the last week and the resulting impact on global markets, this remains an aggressive tape to be actively trading.

Sitting out remains the most prudent option for the vast majority of traders.