Below is the "Chart of the Day" and an excerpt from today's Early Look written by Hedgeye Associate Ryan Ricci. If you're interested in learning more about how we approach protecting and growing our capital, make sure to download our free 52-page eBook below written by Hedgeye CEO Keith McCullough.
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When something breaks trend we unapologetically get #out. There are many reasons, the first is that this back test really well. Just look at how we risk managed Bitcoin in the chart of the day. We were long BTC from (Oct 2023) $33,651 to (Jan 2024) $45,864, then long from (Jan 2024) $42,342 to (Apr 2024) $63,528, then long (Oct 2024) $65,906 to (Feb 2025) $96,376. It’s all their time stamped in our risk range product. If you have Portfolio Solutions, we opened our IBIT position on 10/11/2024 and have been out since 2/11/2025 for a +50.6% gain. Bitcoin since we got out is down -17%. Now, we will have the opportunity to buy Bitcoin back lower than where we sold it at $96,376. |
