Name: Has The Market Bottomed? Major Volatility Ahead Warns Hedge Fund | Christine Fang
Uploaded: 2025-04-11T04:33:02+00:00
Duration: 1712 s

Speakers

Christine Fang — Managing Partner, PSE Trading

Summary

Christine Fang of PSE Trading reviews the April 9, 2025 tariff-pause rally and warns that volatility is likely to continue as U.S.-China negotiations unfold. She remains long-term bullish on Bitcoin because institutional adoption is turning it into a DCA/hold asset, but tactically prefers taking profits after the bounce. She is bearish Solana and Ethereum relative to Bitcoin, pitches Kaito as a favored altcoin, and expects shorting VC/celebrity coins to remain a valid strategy.

Tariff pause is seen as a local bottom, but more volatility is expected through April.
China is expected to negotiate but not smoothly; supply-chain shifts away from China are difficult and not fully priced.
Bitcoin is viewed as a risk asset correlated with equities, not a safe haven.
Long-term BTC thesis is institutional DCA/accumulation, with a potential $140K target if the S&P returns to 6,200.
Solana is expected to correct due to FTX unstaking and exhausted narrative/liquidity.
Ethereum is expected to underperform; short ETH/long BTC is cited as the winning pair trade.
Kaito is pitched as a real altcoin project with data aggregation and user rewards.
PSE Trading is defensive, 70% in majors, and shorts VC/celebrity coins using futures.

Ideas

Christine Fang Managing Partner, PSE Trading 3:02

U.S. equities volatile; talks risky.

Fang thinks tariffs are a negotiating tactic and will not be permanently imposed, but negotiations will not go smoothly because China has been resilient and will retaliate/negotiate. She expects a lot more volatility at least until the end of April. She does not think the S&P has fully priced a permanent supply-chain shift away from China, and says the NASDAQ's bounce is only a local bottom with more downside if trade talks disappoint.

Christine Fang Managing Partner, PSE Trading 8:18

Accumulate BTC as institutions DCA.

Fang is long-term very bullish BTC and says her fund will keep accumulating. She argues this cycle changed after ETF approval and institutional entry: pension funds, mutual funds, and long-only players treat BTC as a hold/DCA asset and their large positions cannot be dumped quickly, so macro headlines move BTC less. Bigger players are accumulating, and BTCFi/staking lets large BTC holders earn yield. She thinks whoever holds the most BTC at cycle end wins. She also says BTC could reach about $140K by year-end if Trump walks back tariffs and the S&P returns to 6,200.

Christine Fang Managing Partner, PSE Trading 14:28

Kaito: crypto Bloomberg with real team.

Fang pitches Kaito as her favorite altcoin. She says it is built by an ex-Citadel veteran, is building mindshare, and is a real project rather than a scam or rug. She describes it as the Bloomberg of crypto: it aggregates data, rewards users for valuable analysis via airdrops, and lets token holders vote on projects on the platform.

Christine Fang Managing Partner, PSE Trading 15:27

Solana corrects; whales can dump.

Fang expects Solana to correct for quite a while. She cites FTX unstaking and whales/VCs who entered around $60-$80 now having room to dump near $117. The Solana narrative already cooked in the first half, and liquidity was extracted by celebrity/Trump/Melania coins without being recycled into crypto. She thinks altcoin liquidity is dead and Solana will not recover until BTC reaches about $85K-$86K and casino/meme plays revive.

Christine Fang Managing Partner, PSE Trading 18:11

Short ETH, long BTC; ETH lags.

Fang says Ethereum has underperformed because of ETH Foundation leadership/narrative problems, Vitalik losing mindshare, high costs, unclear innovation, and Layer 2 issues. She notes the winning pair trade has been short ETH/long BTC, which played out as ETH fell from about $4K to $1.6K, and the ETH ETF disappointed because no staking was available. She does not think Ethereum will come back anytime soon.

Christine Fang Managing Partner, PSE Trading 21:20

Short VC and celebrity crypto tokens.

Fang says shorting VC coins was one of the best 2025 plays in January. She argues retail survivors refuse to buy VC-insider tokens because VCs bought early and dump into the market. She also calls celebrity extraction coins such as Jelly Jelly and Vinecoin clear shorts because politicians/celebrities took liquidity out of crypto without recycling it back. Her fund shorts altcoins, mainly using futures, when sentiment is weak/euphoric and VC entry prices imply further drawdown.

Has The Market Bottomed? Major Volatility Ahead Warns Hedge Fund | Christine Fang

Summary

Ideas

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