The crypto market has come to life in November! Starting the month at approximately $69,000, Bitcoin’s price surged over the $90,000 mark, fuelled by several key factors including heightened institutional interest, ETF inflows, and positive market sentiment.
‘Risk on’ after the Trump US election win saw Katana enter long positions at $69,300, $70,000 and $73,650 and the portfolio still holds two of these trades as open positions. Our protective stop losses against these trades are trailing higher and enable us to participate in potential further price appreciation. Our Odachi Program has an allocation (lower weighting) into the Katana Trend algorithms combined with short term momentum strategies (currently eight distinct indicator based approaches). Pleasingly the program has a similar gross return to Katana with lower overall volatility as Trend reversions can be captured as profit centres by the momentum algos due to their shorter time horizon.
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