Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.
Even though most De-Fi and Crypto assets are starting to trade like they are going out of business, there will be winners. But the key is to remember is that these are asset classes. They are not cults of wealth creation.
In part, this is why we introduced our Crypto Quant Tracker. To educate investors on the fact that the crypto space, like any other tradeable asset, has correlations and characteristics that give it asset specific style factors. In some environments, those assets will do very well. In others, like #Quad4 . . . not so much.
The other reason we introduced our Crypto Tracker was to tell people when to buy AND sell. Since Bitcoin turned Bearish Trend in our models, the asset is down -40%.