View on the Market

May 3

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TLDR: The crypto market experienced a sharp -23% correction in April, dampening recent bullish optimism. However, the overall trend remains bullish since last October. Experts at CommonSense are managing the volatility reflected in their portfolios and suggest this market dip could be a good entry point for new or existing investors. They note that the market's behavior mirrors past post-halving patterns, suggesting a potential upcoming rally. Investors are advised to position themselves and wait.

Bad and good news.

Let's start with the bad. The market has experienced a significant correction during the month of April. Bitcoin in particular has seen a decline of nearly -23% from its highs, which has reduced the bullish optimism that had taken over the market in recent months.

From our perspective, these corrections are simply reality checks to which we are quite accustomed in the crypto world, which continues to prove to be an extremely volatile environment.

But now for the good news. If we look further, there's no doubt that we are still in a completely bullish trend for the year, and even more so if we go back to October of last year.

That's why at CommonSense we have focused on managing volatility, which has been reflected in our portfolios.

Another piece of good news is that in our view, this is an excellent entry point for those investors who want to start building their portfolio of crypto assets, or for those who are already invested and want to average their purchases by entering at February's prices.

And the last piece of good news is that everything continues to behave similarly to previous 'post halvings', characterized by a 'lateralization' movement (with possible corrections and rises), before facing a violent rally.

For now, we just need to position ourselves and wait.

Alpha One Update:

Month to Month* --12.23%

Year to Date* +19.81%

Since Inception** +94.62%

As we anticipated, the pre and post-halving volatility has appeared, resulting in this strong correction. The portfolio has held up very well to the volatility, experiencing a decline of -12%, which is considerably better compared to our benchmark that saw a -20% decline for the same period.

Nevertheless, we have not made any adjustments or additional purchases, as we are waiting for potentially better opportunities around the 52k mark, or for an upward rebound. Therefore, we continue to maintain a 30% cash position in anticipation of a more pronounced trend that will allow us to act with greater conviction.

Edu Forte,

CEO and Co-Founder.