<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/292e6a3c-003c-41e0-9e93-a4bb7d84f776/okx.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/292e6a3c-003c-41e0-9e93-a4bb7d84f776/okx.png" width="40px" /> Alpha Strategy - OKX
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/4541c3d0-8ce0-4826-83f3-4b0a0b5d258f/binance.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/4541c3d0-8ce0-4826-83f3-4b0a0b5d258f/binance.png" width="40px" /> Alpha Strategy - Binance
| Name | Value | MoM |
|---|---|---|
| BTC Price | 60,672 USDT | -14.88% |
| BTC Dominance | 54.87% | +2.33% |
| Crypto Total Cap | 2.177 T USDT | -16.75% |
| Dollar Index | 106.315 | +1.75% |
| Gold Index | 2,285.81 | +2.39% |
To Investors,
April brought the highest volatility and downturn to the crypto market. Unpredictable price patterns emerged due to issues in the macro market following the correction in March, contrary to the predictions of the HEYBIT Alpha Strategy, resulting in losses as the market moved against it.
The main issues that significantly influenced the market were the 'Israel-Iran conflict' and the 'decline in expectations for interest rate cuts', leading to the highest weekly bearish candlestick on the Nasdaq market since 2022. Momentum in growth stocks, classified as risky assets, experienced significant declines, which also impacted the crypto market with a similar pattern. During this period, our Alpha Strategy's conservative hedging algorithms, designed to anticipate market volatility, operated at a higher frequency than before, which proved to be a good example by not causing further significant declines after the downturn on the first day of April.
