Welcome to Eric's Investment Diary with HEYBIT!

I look forward to investing alongside all of you, our HEYBIT customers, until we all achieve our financial goals together!

My Investment

• It has been about two weeks since the Ethereum spot ETF was approved, and the market seems to be gradually rebounding. Bitcoin (BTC) has also recovered to $71k recently, indicating a positive market sentiment.
• However, considering the current challenges in the US real economy and the unfavorable macroeconomic environment, along with the upcoming US presidential election, market volatility is likely to increase continuously. Therefore, it is essential to maintain both alpha and beta positions for risk management. Once macroeconomic issues are somewhat resolved, I plan to shift towards a more aggressive investment strategy by increasing the beta proportion and focusing on alpha opportunities less.

My Alpha status

• Compared to Last week,

  • Alpha’s Return: +7.1% → +4.97% (-2.13%p)
  • Alpha’s PNL : +106.58 USDT → +74.59 USDT (-31.99 USDT)

  

My Beta status

• Compared to Last week,

  • HMI12’s Return : +9.32% → +12.91% (+3.59%p)
  • HMI12’s PNL: +111.64 USDT → +154.61 USDT (+42.97 USDT)

  

Market Overview

☀️ Rebound from Support Level 67k.

Bitcoin has started to rebound from the 67K mark that we discussed last week and has eventually recovered to 71K as of today. If it can break through 72K, I believe it will rise to an all-time high (ATH) without any issues. However, I also anticipate some limitations on the extent of the increase. Nonetheless, I currently assess the overall market sentiment as bullish.

☀️ $215 Million Net Inflow into BTC Spot ETFs on June 6...18 Consecutive Trading Days of Inflows

According to cryptocurrency analyst HODL15Capital (@HODL15Capital), on June 6th, US Bitcoin spot ETFs saw a net inflow of $215 million. This marks the 18th consecutive trading day of net inflows. Specifically, BlackRock's IBIT saw an inflow of $347 million, Fidelity's FBTC received $3 million, and VanEck's HODL had $2 million in net inflows. In contrast, ARK 21Shares' ARKB experienced a net outflow of $97 million, Bitwise's BITB saw an outflow of $3 million, and Grayscale's GBTC had a net outflow of $38 million.

☀️ ECB Cuts Interest Rates for the First Time in 8 Years

The European Central Bank (ECB) has cut interest rates for the first time in eight years since 2016, drawing attention from the Bank of Korea. This pivot in Eurozone monetary policy is expected to lead to a significant decoupling of monetary policies among central banks globally.