Alpha Funnel #25 - Save the Pets

During uncertainty, liquidity concentrates among few winners

If anyone were in my telegram over the past week you would have noticed that I warned about being too exposed to the market and that there was a risk of a stark sell-off taking place which did follow up with a market-wide dip amongst all alts as the election trade already was priced in.

However, one point that might have gotten lost in the message is that times like these lead to on-chain runners as the on-chain traders are looking to park their capital into a winner that sucks liquidity from the rest of the losers.

As expected, we got the on-chain runner, which we can extract a lot of value from (even if you missed it).

So let’s dive in.

(As always, there is some alpha at the end)