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Letter

Bearish AI Signal Ahead Of Earnings Week: Weekly Newsletter #023

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AI allocates 77% of capital to FIAT ahead of the Tech Big 5’s earning round.

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Letter
One Click Crypto
October 24, 2022
Oct 24

Welcome to One Button Capital’s newsletter.

Bitcoin (BTC) and Ethereum (ETH) traded in a narrow range on Monday, as investors await the next round of earnings from the ‘Big 5 tech players’ — Google, Microsoft, Meta, Amazon, and Apple later this week.

Meanwhile, according to a Bloomberg report, the British pound(the world’s oldest currency), is as volatile as Bitcoin in the last 30 days.

The AI at One Button is allocating 77.42% of its portfolio to FIAT currency, indicating a bearish outlook for the coming days.

Market update

At the time of writing, Bitcoin is trading at $19,276, or -1.34% from 7 days ago. Ethereum, on the other hand, gained +0.68%. The total cryptocurrency market cap is $946Bn.

Data from Oct 24, 2022, at 16:30 UTC via Messari.io.

Latest news:

FTX CEO Sam Bankman-Fried Proposes Higher Crypto Regulations

Last Wednesday, FTX CEO Sam-Bankman Fried detailed his ideal regulatory framework for the crypto industry.

The billionaire has stated that he supports regulation through blacklists or blocklists, a model in which individuals may freely trade unless explicitly prohibited. This is in contrast to whitelists or allowlists, where individuals are automatically barred from trading unless explicitly granted permission.

Aptos Market Debut: Over $7Bn in APT Traded in First Week

APT, the native coin of the Aptos blockchain, has traded $7.56Bn since Wednesday, its first full day, according to CoinMarketCap. It’s an interesting counterpoint to the project’s derision on Crypto Twitter, the industry’s town square.

The blockchain’s mainnet launched Monday. Over the next 24 hours, the project was criticized for lacking transparency around its tokenomics, or economic model and distribution.

Tether to Make USDT Available at 24,000 ATMs in Brazil

Tether has announced that its USDT stablecoin will be available soon at over 24,000 ATMs in Brazil. Users will be able to deposit Brazilian reals at ATMs and receive USDT in their wallets by sending USDT from any wallet to an ATM. Stablecoins have grown in popularity in Latin America as economic conditions have harmed local currencies.

Other news

Our research

Read the September One Button Capital Report here.

Crypto market overview and in-depth research on the trading automation sphere. Comparison of over 14 trading bots in 2021–2022.

Other articles

AI Crypto Trading Bot With 100% Accuracy
Top 5 Crypto Trading Bots For October 2022
How AI Took Over The Financial World
15 Crypto Funds 2021–2022 Performance
World’s Richest Gamblers (Investors)
AI Trading Bot Patterns & Behavior

One Button performance

Aggregated return of OB Capital vs. BTC and ETH

Bitcoin (BTC) gained +1.71%, while Ethereum (ETH) rose by +4.56% last week. One Button Capital returned -0.97%.

Aggregated return for 7 and 30 days, measured on Oct 23 23:59 UTC. Source: OB Capital Stats

Top trading strategy

Endeavour was the most successful trading AI last week with a +0.39% average ROI. Horizon and Solar returned +0.29% and -0.01% respectively.

Top-performing AI strategies between Oct 10 00:00 UTC and Oct 16 23:59 UTC. Source: OB Capital Stats

Top-performing market pairs

The Endeavour AI bot was profitable against MATIC: BUSD and CRV: BUSD with an average ROI of +6.99%. Performer v2 gained +6.18% in CRV: EUR.

Best market pairs and used strategy between Oct 17 00:00 UTC and Oct 23 23:59 UTC. Source: OBC Stats

Product updates

October 15, 2022
- New functionality allowing users that have expired account invitation links to easily request a new one

October 14, 2022
- Resolving issues with miss-calculation for MDD and market MDD

Final word

Top cryptocurrencies saw a slight price increase last week, but most One Button AI bots chose not to trade. Taking into account the most recent news and upcoming earnings reports, the market is possible to plummet back down, supporting the AI signal.

Crypto might have a flat start in Q4, but DeFi companies have no plans to slow down their growth. One Button announced two new partnerships last week, Alpha Capital and Forward Protocol, to further solidify its presence in the Web3 economy.

Discuss these and other crypto news on One Button Hub.

Max Yampolsky,
CEO at One Button Capital
ir@onebutton.capital

DISCLAIMER:
This is not financial advice. This newsletter is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.

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