Alpha Hunt — July 23

  • With Goldman Sachs releasing pro-crypto client surveys, institutional narrative has clearly improved.
  • Elon Musk’s sudden U-turn on Bitcoin, Ether & Doge
  • Private market clearly not giving up, with monster valuations
  • BTC and ETH jumped by 1.65% and 1.96% respectively on July 25
  • Massive put buying flows around $20,000 region; the put options expire in December
  • Push for stablecoin regulations by Yellen and Jerome Powell
  • On-chain exchange inflows don’t look positive — inflows hit the lowest in July 2021

Derivatives Positions Potentially Bullish

DeFi is Growing Up

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