Crypto Strategy - Ethereum Rebound
Week 29 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 $113,534
1. Market overview
Crypto markets modestly recovered: Bitcoin rebounded about 3.5% to around $64,000 after dipping near $58,100, supported by softer-than-expected U.S. inflation data that reduced rate-hike expectations and boosted risk-on sentiment.
Ethereum outperformed, rising over 10% as spot ETF inflows resumed, signaling renewed institutional interest; overall crypto market cap stabilized but geopolitical tensions (including U.S. actions related to Iran) added short-term volatility.
Long-term valuation metrics (notably negative MVRV ratios for Bitcoin and some altcoins) suggested potential undervaluation, while whale accumulation remained subdued and social sentiment stayed neutral.
Regulatory and institutional developments: a joint U.S.-U.K. roadmap aimed to align rules for tokenized assets, stablecoins, and cross-border digital finance; Ethereum ETFs posted consistent net inflows while Bitcoin products had mixed flows with some reversals from prior outflows.
Corporate and product activity included a $53 billion takeover bid for PayPal by Stripe and Advent International, Securitize partnering with Cantor Fitzgerald for tokenized stock offerings, T. Rowe Price launching a multi-token actively managed crypto ETF, Citadel Securities investing in Crypto.com, Tether taking a stake in a Latin American neobank, and Aave V4 launching on Avalanche to support tokenized collateral.
DeFi and infrastructure: Ripple joined the x402 Foundation to integrate its assets into AI-driven payment protocols enabling microtransactions for autonomous agents, alongside broader tokenization pilots and custody improvements linking traditional finance and blockchain.
Fich Monthly returns %
2. This week overview: Fich Crypto vs the market
Through 16 July 2026, Fich investment strategy returned +5.46% in July so far, against +8.88% for Bitcoin and +18.62% for Ethereum.
Stepping back to the year-to-date picture:
3. The portfolio this week: bought, sold, and held
On 16 July 2026 the system closed 5 positions and opened 4 new positions and held 1 from the previous week, leaving the portfolio at roughly 25.3% cash.
The algorithm systematically closes underperforming assets while holding positions with strong momentum.
Closed trades, return on each closed position:
Average closed-trade return: +2.72%. Hit rate: 3/5 (60% winners).
Current portfolio:
New Portfolio update
Institutional adoption and on-chain cash-flow narratives strengthened across major crypto infrastructure and DeFi names this week, with multiple catalysts pointing to accelerating real-world usage rather than purely speculative momentum.
Chainlink continued to solidify its role as core “plumbing” for tokenized finance. Its Cross-Chain Interoperability Protocol has now surpassed $21 billion in cumulative transferred volume while supporting more than $62 billion in tokens, alongside sizable recent asset migrations. A growing roster of institutional integrations and data standards adoption reinforces the view that Chainlink is becoming a default interoperability layer for banks, exchanges, and tokenized real-world assets. In derivatives, the launch of a CFTC-regulated LINK perpetual futures product expanded access for U.S. traders, adding a notable market-structure milestone even as price consolidates.
Ethereum saw a clear shift in flows and positioning. Spot ETF inflows resumed after a prolonged outflow streak, led by large allocations into major funds, helping support a strong weekly bounce toward key resistance. High-profile whale buying added to the signal that institutional and sophisticated investors are leaning back into ETH. Separately, the launch of a dedicated nonprofit initiative aimed at coordinating Ethereum’s institutional engagement could reduce fragmentation and accelerate adoption for tokenization, stablecoins, and on-chain finance.
Ethena’s ecosystem momentum increased as significant capital was deployed into yield infrastructure powering a major consumer-facing “Earn” product, lifting early network TVL and rapidly expanding USDe activity on lending markets. Fee reductions and improved mint/redeem rails are lowering friction, supporting adoption growth and reinforcing a constructive near-term setup as participation broadens.
Sky Protocol stood out for fundamentals: revenues and fees reached new highs, enabling an ongoing buyback program that has already retired substantial token supply. Rapid stablecoin supply expansion and large transfers into lending venues signal deeper on-chain capital deployment, strengthening the protocol’s deflationary flywheel and underpinning a more durable support narrative driven by cash flows rather than sentiment alone.
4. Multi-year track record
By the end of last week, that hypothetical $1,000 was worth $113,534 in the strategy, versus $8,866 in spot Bitcoin and $14,261 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.