pulp in action.

April 2024, net returns 3%

April marked the decay of the ETF run and optimism this translated by choppy, boring price action and serious downturn for altcoins each time BTC fell. Directional bias was not constant but we are still alternating between long and shorts to extract the maximum value out of our positions.

March 2024, net returns 27%

March 2024 was marked by a strong up rally obstructed by sessions of dumps which clearly indicated obvious profit-taking by deep pockets. PulpFunction was able to profit in both market regimes regardless!

February 2024, net returns 16%

February bull pump was a blessing for long only strategies. This month was merciless and stressful for short positions, a few stop losses were reached, fortunately performance is stellar and while it is promising we remain cautious.

January 2024 net returns 5%.

Reduced Longs drastically and Short positions dominated the month.

December 2023 net returns: 19%

Mainly long positions and a few shorts deployed given the rally triggered by the positive ETF announcements.