Weekly Crypto Update

Crypto continues to chop. Volatility has been at historic lows. These periods are usually followed by sharp movements.

2023 crypto price action has been quiet challenging for traders. as the price has mostly chopped for around 3-5 weeks followed by 10 days of strong rally. BTC has been chopping for a while now, BTC ETF decisions in Aug would be a good catalyst in either direction.

Long term trend still looks bullish while there could be short term corrections.

Any dips would be a good opportunity to load up on long term holdings.

Till then, Most of the action continues to be in degen alts plays onchain.

W3Q has published a How-To guide for those interested in learning how to best use the model insights. Check it out.

Coming to the Model positions, there have been 1 exits and no new entries.

** Web3Quant is not registered with any financial regulatory agencies. Web3Quant is purely a research publishing firm that provides no personalized financial advice. Do your own research and consult your financial advisor.**

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