During the week-end practically the entire crypto market flash crashed based on some half-backed information and most likely some manipulation.
Besides the weak hands, in this movement were pushed the investors with high-leverage long exposure, who were forced to close down their positions and sell to pay off their margin calls. Which is why this type of trading is sometimes very risky, even if the profits are leveraged as well.
My cub week started off very promising. But the flash crash at the end of the week turned it into an interesting one.
I'm not saying a bad one, because it wasn't. But it is the first week since I track these stats since I have a negative weekly ROI.
What is interesting about that?
A few things:
Let's take them one by one.
CUB started the week at $3.65 and ended it at $3.56, but it went above $3.8 at its high point before the flash crash and then down to $3.2. Considering bitcoin went down more than 15% intraday, a flash crash of less than 20% for CUB followed by a steady increase afterwards is a great sign, in my opinion.
At the same time, BNB went from $606 toward the beginning of the week slowly down, then flash crashed to $437 from where it recovered to $508. Twice more volatile than CUB on the downside, but it's true coming after a significant increase before that.
Interesting to discover that in the CUB-BNB farm, CUB was more of an anchor than BNB, as new as it is.
So, last week, my Cub portfolio went down by 5.83%. Want to know how the originally invested assets would have performed during the same week? -25.35%.
Very interesting discovery! Without having a Cub portfolio oriented for safety, it performed significantly better during this flash crash than the assets originally invested would have.
The overall ROI is still impressive: 74%.
This week I added most of the harvested rewards into the CUB den. Why? I'm waiting for the kingdoms... A nice opportunity there, especially since there might be another 24 hours fee waiver.
