Quantitative, multi-strategy hedge fund
Joined November 2020
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This still seems to be tracking pretty well. Quarterly change in bank reserves against BTC. It's definitely an oversimplication of liquidity, but interesting nonetheless.
Don't overcomplicate, how to make money on altcoins....
alpha.prismaticcapital.com/a…
We could still see continued downside on alts, but looking at market breadth, these levels typically represent great long-term buying opportunities for those who are patient and can withstand a bit more downside. We're buying some alts here.
Over the past 7 days, Solana DeFi has been the best performing sector.
View performance for all sectors across different timeframes here: alpha.prismaticcapital.com
You can see the much talked about Sept seasonality weakness in liquidity here, but markets dont seem to care. A strong narrative (eg, rate cuts into a strong economy) can be powerful, at least for a bit.
BTC price action continues to track bank reserves. Is BTC price just a random walk around reserve flows...?
We’re keeping the cost super low at the moment ($10/month), but will raise the cost substantially in the near future. If you lock-in a membership now, you will be grandfathered in at your low rate forever. Enjoy!
We strongly believe it’s the flows in liquidity that matter most. In other words, the monthly/yearly change in numbers, rather than the numbers themselves.
l2ivresearch.substack.com/p/…
Excellent report on @aori_io and what they're building, written by @0xArhat @l2iterative. Aori will be core infrastructure for high frequency intent execution, which enables all kinds of defi strategies across fragmented liquidity. Very cool.
Monetary liquidity implies a headwind for risk assets for now. Wild guess, but think we get choppiness until Fed's QRA announcement on May 1st, then the next leg up in crypto resumes after QT taper formally announced.
In addition to its main offering, IntentX is developing a front-end-as-a-service product to provide a standardized, high-quality interface for other protocols.
This "meta front-end" approach aims to drive adoption and revenue for the IntentX ecosystem.
For more details on @IntentX_, their novel intent-based architecture, tokenomics, and competitive positioning, be sure to read the full report:
prismaticcapital.com/article…
We released an in-depth report on @IntentX_ – a decentralized perp futures protocol with an intent-based architecture, co-written w/ @asxn_r .
Read the report here: prismaticcapital.com/article…
Below are a few reasons why we're bullish on the project:
IntentX utilizes @symm_io infrastructure to settle trades and facilitate bilateral trade agreements directly on-chain.
Traders express their trading intentions which are executed by solvers (market makers). An intent is a user’s desired outcome.
