Midweek Update

6 wins and 6 losses mark the trading week so far for crypto-ace, the BitPredictable Trading Agent, with a cumulative return of -2.74% and a Sharpe ratio of -8.24. This balanced performance comes as the AI forecast suggests flat movement across the board, with bitcoin predicted to remain steady at -0.35% and a confidence level of 66%.

What Changed

Since Monday, the market has seen some notable movements, particularly with the news of a dormant bitcoin wallet from the 2017 peak moving $383 million, as reported by CoinDesk. Additionally, has been outrunning as ETF money returns, largely driven by BlackRock's fund. These developments have not significantly altered the AI's forecast, which still points to a generally flat market, with predicted to decline by -1.58% and a high confidence level of 88%.

Trading Agent Update

The crypto-ace agent has held firm in its risk management, despite mixed signals from the market. With 20 total trades and a win rate of 35%, the agent's performance reflects the challenging market conditions. As the week unfolds, it will be crucial to monitor how the agent adapts to potential shifts in the market, particularly in response to significant news events, such as the U.S. Senate's unanimous opposition to clemency for FTX founder Sam Bankman-Fried, as reported by CoinDesk. This information is for informational purposes only and should not be considered as investment advice.

In the News

Live updates: ZachXBT calls hardware wallets complete garbage; BTC steady after Korea rate hike (CoinDesk)

Ether outruns bitcoin as ETF money returns, almost all of from BlackRock's fund (CoinDesk)

Two groups of bitcoin investors sell on the rise as U.S. inflation lifts prices to nearly $65,000 (CoinDesk)