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October 08, 2024

DeFi Alpha: Boost Your Yields with Turtle Club

gm Defiers! Here's today's alpha:

  • Market analysis (rangebound until proven otherwise)
  • Dispatch from the trenches (Scroll token, Puffer airdrop and more)
  • Turtle Club tutorial

Market Analysis

Yet again, BTC could not sustain above our venerable $65,000 level and proceeded to sell off last week, finding support at $60,000. Sideways action continues, and we should see a larger move once either of these levels is breached decisively.

Most altcoins posted losses last week, with only Popcat, Aptos and Bittensor managing to rally more than 10%. Ethena shed a quarter of its value, making it the week’s worst performer in the Top 100.

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Bitcoin ETFs struggled last week amid the selloff, with $275 million of net outflows.

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