The Widowmaker trade is a term used in finance to describe a trade or investment strategy that has historically led to significant losses for those who attempt it. The Widowmaker trade became famous in the 1990s and 2000s. One of the most famous “widowmaker trades” was a bet on the price of Japanese Government Bonds (JGB) going down. Given the Japanese government’s ever-growing debt levels, many traders assumed that the Bank of Japan would not…

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With some exceptions, Ethereum has been a pain trade throughout most of this cycle. Major rallies for Bitcoin, Solana, and various meme coins saw the majority of gains this cycle. Ethereum is still up considerably from its 2022/23 lows but relatively less. But this was about to change, or so the expectation of many went. Ethereum Spot ETFs finally began trading on July 23rd. This marks a major milestone for the cryptocurrency market after the…

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It is easy to tell the story of Bitcoin’s price movement this year. We first saw a nearly parabolic rise in price following the ETF approval. Bitcoin’s value then fluctuated between $60,000 and $70,000 for several months. Momentum was building up for a breakout either upwards or downwards. The more the traditionally slower summer months approached, the less likely another upward move became. Now that we have seen a clear break below $60,000, any bullish momentum is over. Now, patience…

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The bull market of 2024 has lost steam because of the Bitcoin release by Mt. Gox. Bitcoin’s price, which was initially pushed up by ETF flow and the momentum surrounding its halving, has been slowly retreating since it briefly reached a new all-time high in March this year. Altcoins are mostly experiencing a depressing market in 2024. Except for a brief memecoin frenzy, the prices of most projects have steadily declined since early in the year. The market is…

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