Crypto Strategy - DeFi Rotation
Week 25 of no opinion, just math: The weekly execution log of a quantitative crypto strategy.
FICH Crypto is a systematic, long-only algorithmic strategy trading exclusively within the top 150 altcoins by market capitalization. Every Friday, our algorithm evaluates relative strength across the universe and automatically rotates capital into the most dominant digital assets — maximizing exposure to structural crypto trends while completely removing human bias.
If you have invested $1,000 with Fich Crypto on Jan 2020 you would now have $109,111
1. Market overview
The crypto market stabilized modestly amid macroeconomic pressures and cautious sentiment; Bitcoin traded around $62,000–$65,000 and Ethereum hovered near $1,700, with total market cap near $2.3 trillion and Bitcoin dominance above 55 percent.
Spot Bitcoin and Ethereum ETFs had mixed flows, including weekly net outflows earlier in the period, suggesting profit-taking and rotation, while institutional holdings remain a substantial portion of Bitcoin supply.
Institutional and regulatory developments continued, with markets watching U.S. Federal Reserve signals; tokenized finance advanced through initiatives in real-world asset securitization, tokenized deposit networks, and on-chain settlement.
DeFi and select altcoins showed pockets of momentum; real-world asset tokenization gained traction via fund launches on high-performance chains, while some DeFi and prediction market platforms drew regulatory and market attention.
Despite liquidations and macro headwinds, crypto infrastructure (custody, stablecoins, institutional-grade products) showed resilience and growing legitimacy as a strategic asset class.
Fich Monthly returns %
2. This week overview: Fich Crypto vs the market
Through 18 June 2026, Fich investment strategy returned −21.29% in June so far, against −14.55% for Bitcoin and −14.74% for Ethereum.
Stepping back to the year-to-date picture:
3. The portfolio this week: bought, sold, and held
On 18 June 2026 the system opened 4 new positions and held 1 from the previous week, with no closes, leaving the portfolio at roughly 40.3% cash.
Current portfolio:
New Portfolio update
DeFi markets saw renewed momentum across major tokens as institutional interest, product expansion, and incentives converged around Uniswap (UNI), Aave (AAVE), Morpho (MORPHO), and WLFI.
Uniswap drew strong bullish attention after Standard Chartered initiated coverage with a $100 price target by 2030, catalyzing a sharp price move and a surge in trading activity alongside a spike in whale participation and on-chain usage. The narrative is increasingly centered on Uniswap’s ability to capture growth from tokenized real-world assets and forthcoming v4 enhancements, with broader discussion also focusing on fee and supply mechanics that could strengthen value accrual as protocol volumes expand.
Aave continued to benefit from an “undervalued” positioning narrative in institutional research, supported by expectations for meaningful protocol earnings and a pipeline of product and collateral expansions. Market focus remains on the V4 architecture’s risk isolation and capital efficiency, alongside efforts to grow institutional-facing RWAs and improve distribution through a consumer app strategy—signals that Aave is pushing simultaneously for stronger fundamentals and wider adoption.
Morpho reinforced its institutional credibility with a major $175 million funding round at a $2 billion valuation led by top-tier investors. Near-term attention is on the planned launch of a confidential USDC yield vault, a product designed to make on-chain yield more palatable for larger allocators by adding privacy features, potentially accelerating inflows on top of an already sizable deposit base.
WLFI’s momentum has been driven primarily by ecosystem growth around its USD1 stablecoin, which has climbed into the top tier by market capitalization, alongside aggressive rewards programs that incentivize holding, staking, and liquidity provision. In parallel, reports pointing to progress toward a national trust bank charter have elevated the regulatory upside narrative, which—if realized—could materially expand institutional operating capabilities and adoption pathways.
4. Multi-year track record
By the end of last week, that hypothetical $1,000 was worth $109,111 in the strategy, versus $8,745 in spot Bitcoin and $13,086 in spot Ethereum.
Fich Crypto Strategy vs. BTC and ETH — growth of $1,000 since inception (log scale).
Disclosure: All performance metrics account for a 0.10% commission per trade side. Execution is strictly limited to the Top 150 altcoins by market capitalization, rebalanced every Friday. Full historical performance data is available at Fich.ai. This letter is for informational purposes only and does not constitute investment advice.