Ideas
ETH underperforms; holders should exit.
ETH has been a severe underperformer against BTC, down about 50% versus BTC since early last year. Many legacy holders who bought ETH years ago are only now realizing how poorly it has done and are slowly exiting, so Jonah has been pushing to get out of ETH/BTC rather than hold it.
Buy Bitcoin below $95K.
Bitcoin has held up better than Avi expected around the $95K level, with substantial demand on sell-offs. He thinks any buy below $95K is likely a very good buy, and the combination of ETF flows and changed investor behavior under a pro-crypto president may mean this sideways consolidation at highs resolves higher rather than marking a top.
ETF flows support long Bitcoin.
What is holding up Bitcoin is not Michael Saylor but steady ETF inflows, especially daily IBIT inflows, while FBTC outflows look like lumpy one-off redemptions from a large institutional holder and should not continue. Jonah sees this as a structural change that could make this cycle a 10-year upward grind rather than a four-year boom/bust, and he would only get scared if IBIT starts seeing daily outflows.
Avoid Worldcoin and Aptos.
When evaluating who is left to sell, Avi flags Worldcoin and Aptos as assets where the team/foundation are constant sellers and seem never to run out of tokens. He says investors may not want to buy those things even after large declines.
Long LTC, SOL, XRP, DOGE.
Avi favors fully unlocked assets with potential ETF catalysts where sellers may be exhausted. He calls his high-probability ETF basket LTC, SOL, XRP, and DOGE, describing them as high-conviction long trades because ETF catalysts are coming and there may not be many sellers left.
Short illiquid onchain tokens.
For onchain/meme tokens, investors should screen for very low liquidity relative to fully diluted valuation. When FDV is high but liquidity is tiny, the next seller can knock the price down sharply, so tokens with the lowest liquidity-to-FDV ratios are good short candidates in a continued down move or slow capitulation.
Short WIF and SUI.
Jonah continues to like shorting WIF and SUI. He is large short WIF, which he views as a vaporware project with crime-fi rumblings, and small short SUI, which he thinks is still too expensive for its number of users. He sees remaining selling pressure relative to available buying liquidity.
Long AI crypto coins.
Avi says that outside of AI and ETF-flow tokens, little in crypto looks particularly compelling to him. He likes AI coins as the relative-strength theme in the current market.
Altcoins are asymmetric long.
Avi thinks alt sentiment is dire and positioning is very light, with many funds and traders holding heavy cash. That makes upside asymmetric. For sustained alt season he thinks the Fed needs to be comfortable cutting and a decent CPI would help, while low inflation and a stablecoin bill could legitimize smart-contract crypto and set the stage for explosive alt price action if alts have already bottomed.
Watch Trump yield metric shift.
Avi is monitoring talk that Bessent wants Trump to shift his success metric from a higher stock market to lower 10-year yields. If Trump makes that shift and focuses on borrowing costs/budget balancing, Avi says get out of everything because it would be carnage for stocks and even worse for crypto; he puts odds at about 15%.
Long AI mega-caps.
Avi notes that if the Trump administration removes regulatory roadblocks and gives Nvidia, Google, Facebook, and Microsoft a golden path to deploy AI at scale globally, that is bullish for those companies.
Long AI16Z momentum.
Within AI coins, Avi highlights AI16Z, noting it is up 15-16% on the day and describing it as a sneaky face-ripper with strong momentum.
Add to Virtuals.
Avi debated whether to add to Virtuals and concluded the answer is yes. He notes Virtuals held in strongly during the recent washout, making it a relative-strength AI coin he likes.
Long TAO catalysts.
Avi likes TAO because it has catalysts coming up.
Long HYPE.
Avi says HYPE remains solid.
Long Pendle upgrades.
Avi likes Pendle due to upcoming upgrades: Boros is tokenizing yield/funding rates, launching permissionless yield pools, expanding to Solana and Hyperliquid, and adding vaults for institutional access.
Watch Venice price surge.
Avi points out Venice is jackknifing higher, approaching a 4x from its recent lows in about a week. He treats it as a positive green shoot in the market.
Short Bitcoin dominance.
Avi thinks Bitcoin dominance is going to fall a lot as alts bounce and investors remain nervous, implying alt outperformance versus BTC.
Long Berachain bottoming.
Avi thinks Berachain may have bottomed and looks reasonable. He is an investor in the project and notes he did not sell staking rewards, suggesting he sees it as a bottoming long.
This 1000x Podcast video, published February 10, 2025,
features Jonah Van Bourg, Avi Felman
discussing ETH, BTC, WLD, APT, LTC, SOL, XRP, DOGE, Illiquid onchain tokens with low liquidity-to-FDV ratio, WIF, SUI, AI-SECTOR, ALTCOINS, SPY, NVDA, GOOG, META, MSFT, AI16Z, VIRTUAL, TAO, HYPE, PENDLE, VVV, Bitcoin dominance, BERA.
19 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jonah Van Bourg,
Avi Felman
· Tickers:
ETH,
BTC,
WLD,
APT,
LTC,
SOL,
XRP,
DOGE,
Illiquid onchain tokens with low liquidity-to-FDV ratio,
WIF,
SUI,
AI-SECTOR,
ALTCOINS,
SPY,
NVDA,
GOOG,
META,
MSFT,
AI16Z,
VIRTUAL,
TAO,
HYPE,
PENDLE,
VVV,
Bitcoin dominance,
BERA
