WEEKLY UPDATE

Shark Bounces Back: A Strong Comeback After Last Week's Dip

This week’s Shark Weekly Update comes with exciting news: our Shark trading bot has made a triumphant return from last week’s negative performance, showcasing resilience and remarkable recovery. As we edge closer to the BTC halving on 4/20, the volatility in the BTC and ETH options market is expected to expand, presenting a fertile ground for Shark's strategy.

Let’s dive into the numbers:

Performance at a Glance:

• Shark-BTC Springs Forward:

  • Weekly Return: +4.54% 🚀

  • Monthly Return: +9.81%

  • 3 Months Return: +26.66%

  • Annual Return: +101.11%

  • Cumulative Return: +120.46%

  • A Resilient Comeback: Against the backdrop of last week’s dip(-5.84%), this week’s performance shines brightly, emphasizing the robustness and effectiveness of Shark’s BTC options strategy even in turbulent markets.

• Shark-ETH Dazzles with Recovery:

  • Weekly Return: +7.12% 🚀

  • Monthly Return: +7.38%

  • 3 Months Return: +24.42%

  • Annual Return: +47.81%

  • Cumulative Return: +55.60%

  • Defying the Odds: Shark-ETH's impressive rebound from last week’s setback underlines the adaptability and strength of our ETH options strategy, ready to seize opportunities and pivot toward success.

Leveraging Market Volatility: The anticipated increase in market volatility, especially with the BTC halving event on the horizon, positions Shark in an advantageous spot. Shark’s bot capitalizes on mispricing in the BTC and ETH options market to generate profit. This high volatility market environment is particularly beneficial for Shark, allowing it to navigate and exploit these conditions effectively for superior performance.

A Testament to Resilience and Strategy: This week, Shark has not only recovered from a dip but has also demonstrated its capability to outperform and adapt, solidifying its place as a top-tier trading bot. This performance is a testament to the strategic foresight and risk management that define our approach, ensuring resilience and profitability even in volatile conditions.

Looking Forward: Inspired by this week’s success and the upcoming market conditions, we remain dedicated to refining our strategies and staying ahead of market movements. Our commitment is to continue this streak of excellence and to bring unparalleled value to our subscribers.

What is Shark?

At the heart of our success is Shark, an advanced option statistical arbitrage strategy trading on OKX that leverages disparities between implied volatility and statistical volatility.

By buying synthetic positions at statistically lower implied volatilities and selling them when higher, we capitalize on the narrowing gap between theoretical and market prices.

This sophisticated approach allows us to navigate through market fluctuations and secure profits, although it's important to acknowledge the risks involved.

The Secret Behind It

The success of Shark, especially in the current market conditions, can be attributed to several factors:

• Options Market Volume Surge: During a crypto bull run, as we're experiencing, there's a significant increase in options market volume. This is driven by the high expectations for short-term BTC price appreciation, creating a ripe environment for our strategy.

• Rise in Mispriced Options: The flurry of speculation on exchanges leads to an increase in the number of mispriced options. These anomalies provide fertile ground for our Shark trading bot to identify and exploit for profit.

• Amplified Profit Opportunities: With the increase in mispriced options and market speculation, the opportunities for the Shark trading bot to generate profits also surge. Our strategy is designed to capitalize on these moments, ensuring optimal returns for our investors.

Thank you for your unwavering support of SmashFi. We look forward to bringing you more updates and remain committed to enhancing your crypto portfolio with our cutting-edge trading strategies.

Warm regards,

SmashFi Team

P.S. -

Are you interested in learning more about SmashFi and our Shark trading bot? We'd be happy to share more information with you. As a co-founder and COO of SmashFi, I can talk to you about how we safeguard our users' assets during events such as exchange bankruptcy or withdrawal suspension. You can Book a call with me, Brian, to learn more. Let me know if you have any questions!

I took the picture below yesterday at my favorite coffee place in Seoul, Molto Espresso Bar. Spring has already arrived here in Seoul, and the flowers are in full bloom. I hope you can grab a cup of nice espresso and enjoy the warm weather too!