Crypto Strategy - Outperforming the Mess
Week 23 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 $120,146
1. Market overview
The crypto market saw heavy volatility: Bitcoin fell from above $73,000 to around $62,000 amid Middle East geopolitical tensions, rising oil prices, and a broader selloff in AI-related equities; Ethereum traded near $1,700 and underperformed Bitcoin, while total crypto market capitalization contracted.
Spot Bitcoin ETFs recorded continued outflows exceeding $1.4 billion; analysts noted short-heavy positioning that could support a technical rebound. MicroStrategy sold 32 BTC, a shift from its long-standing accumulation approach.
Regulatory momentum improved sentiment: the Digital Asset Market Clarity Act advanced in the Senate amid debates over bad actors and SEC vs. CFTC jurisdiction; Coinbase received CFTC approval to offer global crypto perpetual futures.
Industry-specific developments included a long-undetected Zcash bug that could have enabled supply inflation (triggering a sharp price drop before partial recovery), growth in a peptide trading ecosystem using crypto payments, and the unlocking/spending of a rare 2011 physical Bitcoin holding 25 BTC during the downturn.
Fich Monthly returns %
2. This week overview: Fich Crypto vs the market
June has opened with a broad-based pullback across crypto, and the strategy has not been spared. The relative picture, however, is more constructive than the headline week suggests: while our strategy is tracking roughly in line with Bitcoin and Ethereum month-to-date, the year-to-date gap remains meaningful and is the figure subscribers should focus on.
Through 4 June 2026, Fich investment strategy returned −13.33% in June so far, against −13.29% for Bitcoin and −11.77% for Ethereum.
Stepping back to the year-to-date picture:
3. The portfolio this week: bought, sold, and held
On 4 June 2026 the system closed 4 positions, opened 3 new positions, and held 3 from the previous week, leaving the portfolio at roughly 25.0% cash.
The algorithm systematically closes underperforming assets while holding positions with strong momentum.
Closed trades, return on each closed position:
Average closed-trade return: −12.17%. Hit rate: 0/4 (0% winners).
Roughly a quarter of the portfolio is in cash this week. That is a direct consequence of the rotation: when the universe-wide momentum signal weakens, fewer names clear the screen and capital sits on the sidelines rather than being forced into deteriorating trends.
Current portfolio:
New Portfolio update
Across key crypto infrastructure names, the dominant theme is accelerating real-world usage paired with supply-tightening mechanics that can amplify price sensitivity.
Render (RENDER) is benefiting from a tangible capacity and demand catalyst: the RNP-023 rollout integrating Salad Network’s large consumer-GPU base as an exclusive subnet. Early 2026 processing activity has been strong, with rising daily active addresses and a faster token burn rate as RENDER remains required for payments and rewards. The market is treating this as a “real utilization” inflection, with AI-infrastructure tokens showing relative strength and RENDER holding key technical support as buyers step in on dips.
Polygon (POL) continues to gain credibility as a stablecoin payments rail. Institutional adoption signals strengthened with expanded settlement availability via major partners and increasing integration-driven volume. Stablecoin supply growth has recently accelerated, and ongoing network and payments-focused initiatives reinforce the narrative of Polygon positioning for enterprise and cross-border payment flows—an on-chain activity tailwind that can translate into renewed investor attention.
Aster (ASTER) stands out on the trading-venue side, driven by a mix of sentiment and improved tokenomics. High-profile commentary has boosted visibility alongside rising perp-DEX activity, while a shift to staking-only distribution cut emissions dramatically, reducing structural sell pressure. Expanded perpetuals offerings and fee-linked buybacks add to the “tighter supply + higher throughput” setup, increasing the potential for sharp moves when volume returns.
4. Multi-year track record
By the end of last week, that hypothetical $1,000 was worth $120,146 in the strategy, versus $8,873 in spot Bitcoin and $13,542 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.