Crypto Breadth Is Getting Hot as On-chain Activity Inflects Higher, Rate Volatility Remains the Tactical Hurdle

I continue to think durable cycle lows are in. As discussed on today’s monthly crypto webinar, my view has turned meaningfully more constructive over the past couple of months, and I think it is right to look for opportunities to get long. That said, the tactical tension we have discussed over the past couple of weeks remains unresolved. Rate volatility and the long end remain the main hurdles. MOVE contin...

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