OBTC - Crypto Market Outlook: Risk-Off

• Though we are seeing the makings of some favourable readings in many on-chain, derivatives, technical and sentiment indicators, the macro and liquidity environment moving forward remain a significant headwind for crypto assets. Rather than signaling a bottom, many of these metrics are perhaps confirming we are indeed in a bear market.
• Investors should act accordingly; deploy capital in a conservative manner with a long-term time frame, and understand that there may be significant downside ahead.
• Any rallies from here will likely be sold as they will simply not be supported by the macro environment. Hedging further downside remains a wise strategy at present.

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