Blockchain Alpha Trades

The reason Strategy was able to raise so much capital via $STRC last week was that it consistently traded above par ($100) with significant volume. So far this week, $STRC has traded <$100, making it unlikely that Strategy is raising similar amounts this week (at least so far).

When fading range extremes, you want: Volume tapering at the tails -> signals exhaustion and lack of follow through (often a result of positioning forced to close out with no follow through) Acceptance below local HVN -> confirms rejection of the extreme and rotation back toward balance. Acceptance holding below the HVN → shows the fade is sticking and the auction has shifted back inside value. Retest and rejection of thin areas LVNs add further weight to the setup... There is context and structure within a developing profile that you can refine your execution... Takes time and practice but patterns repeat. 125 was a sell for me... which I have

$BTC I don’t have a particularly strong directional view tbh, price largely remains rotational. Structurally, I wouldn’t be surprised to see a regime similar to May – July 2021 where the market oscillated within a compressed range before resolving, not something I’m overly fussed about trading. Areas Of Interest => On the daily, the 12/21/25 EMAs around 70k–69k are key support imo, confluent with the 4-week composite value area high, ideally I'd want to see this hold. Trading below that level which is key imo, would likely have me leaning towards price taking the February lows, potentially into the 58s or near equal lows. If those levels hold, I’d be interested in longs for a range play - again if it sets up. If we see further upside in the coming weeks, the 80–82k region stands out as meaningful resistance, confluent with the February high and single prints, with a typical mean reversion play back up into the 12/21/25 weekly EMA bands. I may contemplate selling there if it sets up from an order flow perspective.