Crypto portfolio update

Exposure: 59.6%

Net return: 692.2%

Comments: A big crypto selloff on Sunday/Monday caused major panic in the community...

The speed and severity of the crash suggested this was no ordinary pullback... especially with global stock markets also down bad.

Naturally, people scrambled find out the cause of the crash...

The jury is still out on the reason for the selloff but for now the consensus is the Bank of Japan raising interest rates which kicked off the unwinding of the carry trade.

In any case, a large number of leveraged positions got liquidated.

I held no leveraged positions during this time but my portfolio got caught in the carnage and ended up giving back all memecoin gains from Q4 2023 - Q1 2024.

Thankfully, the $50,000 Bitcoin support held and prices bounced back sharply on Thursday.

In the interest of safety I'm holding a large bag of stables... but the market is looking quite positive right now so I might get back into full allocation soon.

For real time updates and full details of my portfolio, consider joining the private group.

Current allocation:

📉 ETH can't pump

ETH has underperformed BTC and SOL over the last 12 months and people have been making fun of it.

I have bags in the Ethereum ecosystem so I feel the pain but still lol'ed at this.

Admin update

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👾 Nivalis

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 Quote of the week

The most overlooked and underappreciated growth strategy is patience.

- James Clear

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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