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Katana month to date performance, as at September 15th is flat. Bitcoin began September trading at US$58,900 and over the first week traded down to a low of $52,600. The Katana algos were short from late August at the $57,750 level. The lows of the month were short lived and the inevitable retracement back to the predominant range was rapid. Shorts were stopped out, and a break above $58,000 saw us enter long positions. The $60,000 level has so far proved insurmountable and it appears we may be retreating back into range trading. Macro events impacting crypto have been non-existent.
We have decided to move to month-end only reports. So this report is the last mid-month report for the foreseeable future. That said, we intend issuing special reports when there have been significant Bitcoin price moves or impactful events.
