To save Google translate for all those non French speakers – The more things change, the more they stay the same. Somehow it seemed apt for the last 6 months of trading.
We hope you are well and have found a way to avoid some of the significant downside that war in the Middle East has inflicted on us. Let’s hope some calmer heads find a way though this mess.
The link to the report that follows below, is a summary of the work our R&D and trading team started in January after what could only be described as a disappointing Q4 in 2025. Even though our strategies were virtually flat, no one gets into crypto to be “just flat”. We felt something had intrinsically changed in the Crypto markets and set about finding out what those changes were. We looked at similar periods from 2021 onwards and compared them with Q4 of 25 and latterly Q1 of 26 and we did discover some significant differences.
Maybe this will help you understand why things looked different, not just with us but also with others working in the space. Many of our competitors have reported 20-30% losses in the last 6 months and some are no longer trading, such was their inability to adapt.
Nascent Markets evolve and this current evolution, we believe, represents an important change and this document we felt was important to publish for 3 reasons.
- Because we couldn’t understand why things weren’t working as they should have, and we don’t like incurring losses.
- We need to give you confidence that we understand what has changed, how it changed and why it makes a difference.
- After that evaluation, what measures we put in place to counter what we have seen and return to profitable trading?
This is the link to the Q1 Review – click here
Hopefully the review does all of that and should you wish to discuss this in more detail please feel free to reach out for a meeting with us. We are already seeing the benefit of these changes and happy to explain further.
A timely market commentary that you might find useful with BTC at circa $74,000. There is a significant ($800 million) amount of Negative Gamma that will trigger automated buying if and when BTC gets to $76,000, there is also a major “short cluster” at exactly the same figure. So we may be in a position, where the current round of “real BTC buying (its up 6% for the month with no funding rate in place indicating this is actual 1 to 1 purchases not leveraged buying) may well sustain as to what could only be described as a lift off area, as institutional buying meets short covering in two places. Lets see. Interestingly our key strategies are now all in long positions as well.
Our key strategies were both down small in March and for copies of our fact sheets just make contact with us and we can supply those directly.
