Weekly Brief · Crypto Positioning
Doberman VC | Market Recap — 21 July
[ETH] What happened: Highest outflows from spot ETH ETFs in June, with $11.3 million net outflows recorded on Friday. Why it matters: Hold your ETH position in the short term to monitor the impact of institutional outflows and technical price levels. 🎯…
Thesis
[ETH] What happened: Highest outflows from spot ETH ETFs in June, with $11.3 million net outflows recorded on Friday. Why it matters: Hold your ETH position in the short term to monitor the impact of institutional outflows and technical price levels. 🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $3817.45 USD
Key findings
- [ETH] What happened: ETH experienced the highest outflows from spot ETH ETFs in June, with BlackRock's ETHA ETF leading the decline. Why it matters: Hold your ETH position in the short term and monitor the price action around the key resistance level of $2,480–$2,500. 🎯 Trader’s Take: Risk: Medium | Confidence: 7/10 | Entry: $3817.45 USD
- [ETH] What happened: Highest outflows from spot Ethereum ETFs recorded on Friday, with $11.3 million in net outflows, marking the largest single-day decline in June. Why it matters: Monitor the situation closely to assess the impact of institutional outflows on Ethereum's price movement. 🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $3816.79 USD
- [ATOM] What happened: ATOM broke out of its consolidation pattern with an upward move amid a volume spike. Why it matters: Consider buying ATOM in the short term given the breakout and volume spike. 🎯 Trader’s Take: Risk: Low | Confidence: 8/10 | Entry: $4.01 USD
Analysis
[USDC] What happened: Circle aims for a fully diluted valuation of up to $7.2 billion in its upcoming IPO, with plans to offer up to 32 million shares priced between $27 and $28 each. Why it matters: Hold your position and monitor the IPO process closely. 🎯 Trader’s Take: Risk: Medium | Confidence: 8/10 | Entry: $1.00 USD