What a surprise, the market tanked… There have always been bigger corrections during a bull market, sometimes even more than 40%. Such drops shouldn’t surprise you. Always be prepared, especially after such memecoin mania.

The Iran attacks Israel thing is just a trigger for a long overdue correction. Of course, it can have further implications of which I’ll talk later in the macro section.

BTC fell from $71k to the $62k levels and sits at $64k the time of this writing. BTC looks kinda strong here. Lets see how all the ETF owners will do tomorrow. Most Alts got slaughtered pretty bad.

Yea, people never learn… and almost $1B got recked. Even gold puked 4% on Friday, which is making a good run this year.

However, in such an environment, you can tell who the real pros are. And so many influencers on X give some real bad advice right now.

Stuff like going leveraged long based on “seeing so many fud on the timeline” just shows that they don’t know what they’re doing. It’s pure gambling. Yes, they got liquidated.

Calling winners, when everything goes up isn’t super tough, but managing your portfolio during uncertainty and knowing when to act or doing nothing, is.

Making money is difficult, but keeping your wealth is a whole different story. But this can be learned as well.

I don’t know if this is a true story, but keeping your wealth in a leveraged PEPE position is such dumb thing of not staying wealthy.

Yea, it was dumb, but it’s not worth committing suicide!! If you’re in such a situation or you ever will be, don’t even think about making a mistake like taking your life because of money.

Reach out to someone and if you don’t have anyone who understands, my DMs are open. Life is too beautiful for throwing it away!

DeFi Updates

Here we go… the first LRT CDP protocol. Remember the risk is piling up with every layer you add.

Fraxtal is not making much noise, but if you think it will at some point, you should deploy some funds and start farming. Hell, FXS is the worst performing coin in my portfolio. I’m glad I rotated a lot of it into Pendle a while ago, but I’m still owning some.

I like what they’re building, but there’s just too much going on in this space. Even great projects can lose here. Their marketing just sucks and this could be the reason of failure. So lets watch how things will go.

ENA can be traded on Mantle now. That means you probably means you will be able to redeem ENA for your mShards on the L2 without any bridging.

Solana has a far way to go.

Timeswap is the place to be in such market conditions!

Leverage without worries.

Mantle is partnering with other L2s.

Investing

There’s a lot of talk about WWIII. And no, I don’t believe we will see that and I will position myself for that. If we get one, I won’t care about my portfolio anyway…

Short-term BTC probably will keep outperforming ALTs, especially when the middle east conflict will go on. For that you should keep an eye on the BTC.D 60-65% range.

However, there are some other sectors that could be extremely interesting when the war spreads over the region. And those are stablecoin protocols like Liquity, Ethena and Ondo.

I also think ETH will have a huge comeback. On-chain activity indicated some accelerated interest in ETH a few days before Iran started its drones. So the run could be postponed, but it will happen eventually. Just look at the growing interest coming from institutions like BlackRock etc.

So how do I play now?

I already bought some ETH and also decided to add some Pendle (one of the best r/r coins you can buy rn), but I want to watch how the market reacts now. That means I do nothing and decide this upcoming week.

I have some AI coins on my radar, but this category probably won’t do much in the next weeks. But it will run again. (RNDR, NMT)

The RWA narrative looks primed to start. My portfolio is a little under-allocated in this sector, but most stuff isn’t very appealing imo. I just hold a little LNDX (might increase), LMR and Pendle of course. But I was very early farming Parcl, so lets hop for a juicy drop.

There’re not many changes in my Defi plays.

I borrowed more MNT against my mETH to farm mShards. At current rewards you get around 1 Shard for every MNT staked or a little less than 2 ENA per 1000 MNT a day. (582 mShards = 1 ENA)

I also borrowed USDe against ETH on Aurelius, which I put into PT-USDe (~63%) on Pendle. But interest for USDe is rising (rn ~9.6%) on Aurelius.

I also bought more HLP on HMX, which rose to over a 100% APY again. Markets are choppy and traders lose. This is a nice cashflow to deploy into other coins.

Airpuff is also a project where I’ve deposited some ETH.

Everything else, you can read in previous newsletters.

Macro

I can’t help myself, but all these wars and tensions remind me of Orwell’s 1984. Tinfoil alert!! Na, I don’t think this is planned, but humans are retarded af! We’re in a period where conflicts ramp up even more. So be prepared.

The good thing, the war in Ukraine could be over soon because nobody cares anymore. The Ukraine can’t go on without incoming funding. That’s how the US roll by the way. After they’ve done their thing, they just cut money flows and the conflict runs out.

Nevertheless, the middle east has the potential to rise inflation again. It can have a big impact on oil and commodities in general. But this would hit Europe even more than the US. I guess, we get a little more rate cut guessing from the “experts”. Who cares if they cut 50 or 75 bps in 2024. Currency debasement is real and will hit hard!

You don’t have a choice! You must own assets that have a chance to outperform the craze that has been built by corrupt politicians and that’s crypto and tech. Short-term it can make sense to flee into other assets, but over the long run you need something with drive.

Here’s a nice interview with Colonel Macgregor, who might have some better insides. (But keep in mind he could also be biased)

Here’re some of my ref-codes. If you’re interested in these project, I appreciate when you use my codes!

Rabby Wallet (Best EVM wallet):
https://rabby.io/rabby-points?code=SEXYLIFE
Aurelius Finance (CPD and Lending):
https://app.aurelius.finance/?af=sexy
INIT Capital (Lending):
https://app.init.capital/points?ref=5ECC4D
Spot On Chain (Analytics Platform):
https://platform.spotonchain.ai/referral?code=0r3wi0eg6n33
HMX (Perp Trading, Arbitrum, Blast):
https://hmx.org/arbitrum/referral?ref=SEXYLIFE
Merkle Trade (Perp Trading, Aptos):
https://app.merkle.trade?ref=ISEOW51X
NFT Perp (NFT perp trading, Arbitrum, Blast):
https://app.nftperp.xyz/referral?code=DCAA40EE
Parcl (Real Estate Perp):
mojolife

Stay Sexy!

I’d appreciate if you give me some feedback and what you like to read in this newsletter, so I can provide the best value for you! Just send me a DM on X or respond directly to this mail.