This issue we deep dive into the many Bitcoin and macro metrics showing signs of capitulation. The raw count of evidence for cyclical capitulation...
Charles Edwards
June 30, 2022
12 min read
1,609
Capriole Newsletter – Issue #21
Today, we now find ourselves in a special juncture in the crypto cycle. Bitcoin has hit a down draw of -75% since November. More...
Charles Edwards
June 1, 2022
11 min read
1,087
Capriole Newsletter – Issue #20
The S&P500 and Bitcoin showcased a strong recovery recently and today both markets find themselves at resistance, both fundamentally and technically....
Charles Edwards
April 30, 2022
15 min read
1,809
Capriole Newsletter – Issue #19
Traditional markets have been taking a beating. Our February Newsletter and analysis of the impact of war on markets suggest that when considering war...
Charles Edwards
March 30, 2022
10 min read
1,137
Capriole Newsletter – Issue #18
The first quarter of 2022 is coming to a close. War in Europe and generational high inflation are our new reality. Markets have witnessed...
Ryan McCoy
February 23, 2022
7 min read
1,802
Capriole Newsletter – Issue #17
For the past few months, Bitcoin has been driven by macro events like rate hikes and quantitative tightening. This month a new macro event...
Yassine Zrigui
January 28, 2022
8 min read
2,159
Capriole Newsletter – Issue #16
Last month was mostly dominated by macro news much like December, namely the expected rate hikes throughout the year and possible quantitative tightening. Bitcoin...
Mick Herfkens
January 5, 2022
15 min read
3,869
Capriole’s 2022 Market Outlook
A year ago, we published our “Christmas Special” newsletter. We wrote the following for our expectation of 2021...
Charles Edwards
December 31, 2021
8 min read
3,439
Capriole Newsletter – Issue #15
If you have been around the cryptospace long enough, you have probably noticed how decidedly un-Bitcoin Bitcoin has been this year. ...
Ryan McCoy
November 30, 2021
8 min read
3,770
Capriole Newsletter – Issue #14
Bitcoin started the month of November strong with a new all time high hitting $69K. But the party did not last long. Within a...
Mick Herfkens
October 27, 2021
9 min read
4,246
Capriole Newsletter – Issue #13
Bitcoin is up over 30% to date in October, reaching as high as +53% last week. We printed new all time highs last week,...
Charles Edwards
October 1, 2021
7 min read
4,746
Capriole Newsletter – Issue #12
Last issue, at $47K we noted some concerning metrics, but noted the data remained bullishly skewed into the end of August. Price continued to...
Charles Edwards
August 31, 2021
8 min read
4,197
Capriole Newsletter – Issue #11
Last issue we noted the improving fundamentals for Bitcoin following the China exodus and subsequent regulatory attack on Bitcoin. We finished the...
Charles Edwards
July 31, 2021
9 min read
3,685
Capriole Newsletter – Issue #10
Last issue we reviewed the China’s crypto exodus and argued why we believed the Bitcoin hash rate (then at 102 TH/s) was within 10%...
Charles Edwards
June 20, 2021
6 min read
4,605
Capriole Newsletter – Issue #9
These are unprecedented times. The Bitcoin network has just experienced the biggest attack in its history. 50% of Bitcoin's security has been wiped out...
Charles Edwards
May 28, 2021
8 min read
3,636
Capriole Newsletter – Issue #8
Bitcoin is trading at more than 40% below the all-time high for the first time since October last year. Time for a quick overview...
Jan Uytenhout
April 19, 2021
8 min read
2,870
Capriole Newsletter – Issue #7
Every month we write a short update on the market. We try to time this around pivotal moments for Bitcoin. It can be hard...
Charles Edwards
March 30, 2021
6 min read
2,163
Capriole Newsletter – Issue #6
Every month we write a short update on the market. Last issue, when Bitcoin was $48K we noted: “Downside looks limited. A flushout of...
Jan Uytenhout
February 16, 2021
2,454
Capriole Newsletter – Issue #5
Every month we write a short update on the market. We try to time this around pivotal moments for Bitcoin. We are writing this...
Charles Edwards
January 28, 2021
6 min read
1,858
Capriole Newsletter – Issue #4
Every month we write a short update on the market. We try to time this around pivotal moments for Bitcoin. We wrote the last...
Jan Uytenhout
December 29, 2020
2,266
Capriole Newsletter – Issue #3
Every month we write a short update on the market. We try to time this around pivotal moments for Bitcoin. Our last issue evolved...
Charles Edwards
November 5, 2020
6 min read
1,681
Capriole Newsletter – Issue #2
We try to release our newsletters when we see key opportunities. Today that was the clear price break above $14K. Unfortunately we are slow...
Jan Uytenhout
August 11, 2020
5 min read
1,081
Capriole Newsletter – Issue #1
This newsletter provides our airplane view of the Bitcoin market. It summarises our medium- to long-term expectations for the market. It is not intended...
Charles Edwards
Quantitative Asset Management
Capriole manages Bitcoin investments24/7 using autonomous long/short strategies. We have just one objective:outperform Bitcoin, the best performing asset of a generation.