TechDev Newsletter - Market Update Issue #68

It's peak fear. Focussing on data is never more important.

The noise in the market, particularly the fear and doomsday narratives, has reached a fever pitch recently. It's easy to get swept up in speculation driven by political viewpoints, emotional reactions, or the loudest voices online. While I certainly have my own perspectives on these matters as a human being, I know that's not why most of you are here.

You subscribe to this newsletter for an objective, data-driven read on the market, free from emotional bias or engagement-chasing commentary. I intend to stay that course. My analysis remains anchored in the signals provided by the liquidity and business cycles – forces that operate independently of the week's headlines or prevailing sentiment.

Could I be wrong? Absolutely. I was wrong in 2021, and I spent the subsequent two years dissecting why. The crucial element I missed then was the state of global liquidity and the business cycle; we were nearing a top, and its rollover accelerated the downturn in 2022. I had zero awareness of its significance at the time.

Now, that understanding drives the core of my outlook. Today, unlike 2021, the data suggests we are at or near the bottom of the cycle and beginning to turn upwards. That is the fundamental difference. If this cycle proves to be the first time in crypto's history that these foundational relationships break down completely, we will adapt and address that scenario when it arises. That possibility always exists on the other side of any analysis or trade.

But if you believe, as the data currently suggests, that the historical patterns tied to these cycles still hold weight, then let's proceed with the analysis.

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Today’s topics

Bitcoin

• Roadmap Update

• We’ve Been Here Before

• Liquidity Shows the Future

Altcoins

• New Alt Targets

  • SUI

  • SOL

  • CRV

  • ETH