A Message from Alexander Höptner, CEO of BitMEX

The last Crypto Trader Digest piece, Maelstrom, was one of the most popular of all time. To me, this is evidence that quality of analysis and clarity of thought - even when the outlook might be grim - trumps warm-and-fuzzy crypto prognostications any day. And one thing is for sure - Arthur will always give his views to you straight. 

During this ongoing time of strife (in both crypto and traditional markets), a little break can be just what we need to escape trading trials and tribulations. So sink into the snow and let this edition of Crypto Trader Digest lend you some perspective on how we can decode this topsy-turvy market with cold hard macro analysis. It might just give you some ideas on where and when to deploy your dry powder. 


- Alex (@AlexHoeptner)

From the Desk of Arthur Hayes

Dump-eve

8:00 PM

Scanning the horizon, you giddily observe the accumulation of snowflakes. The forecast calls for DUMP. And you and the rest of the mountain town can barely contain your glee about the upcoming powder day.

You prepared accordingly:

• You tuned up your skis with temperature appropriate wax, and sharpened the edges. These planks of plastic, wood, and metal are going to fly.
• You made sure to stretch aggressively so that your legs are limber.
• And finally, you restrained yourself from getting blasted at the local tavern.

Dump-day

6:00 AM

Glorious snow glistens in the faint moonlight. It’s go time, but there are a few hours before the first lift opens. It’s time to prepare yourself for an epic day of shredding.

First you check your phone in order to ascertain the magnitude of the dump. Unfortunately you were a bit distracted because crypto prices also observed an overnight dump to the tune of 10% - 30%. Ouchie, but the markets are not important– it’s a fucking powder day!

The sweet smell of single origin Central American floral ground coffee beans fills the kitchen. You are stoked to try a new micro-lot of Panamanian Geisha beans. You brew a proper pour over filtered coffee, and sit down on your mat. First breath work, then a few light movements to limber up.

Latest Commentary from BitMEX

BXM Operations AG, a company founded by our CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany. The deal is subject to approval by BaFin, the German financial services regulatory authority.
BitMEX Group is pursuing the ambitious goal of establishing a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland, and thus becoming a strong player in Europe – in addition to our global ambitions. 
This step was preceded by the launch of BitMEX Link in Europe, an innovative brokerage service based in Switzerland that facilitates trading in digital assets. The acquisition of Bankhaus von der Heydt is now the next step in the Group’s European expansion and product development.
BXM Operations AG and Bankhaus von der Heydt’s current owner, Dietrich von Boetticher, have signed a purchase agreement, which will be completed only with BaFin’s regulatory approval. The transaction is expected to be complete in mid-2022. 
 

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