Weekly Market Commentary — DV Chain — March 5, 2024

March 5, 2024

Welcome back to DV Chain’s Weekly Commentary! In this edition, we review last week’s BTC ETF inflows, discuss some of last week’s winners and talk about upcoming catalysts. Let’s dive right in:

Market Recap

  • We had an extremely strong week of BTC ETF inflows, exceeding $500mm of NET inflows per day from Monday through Wednesday

(Source: Farside Investors)

  • Driven by ETF flows, $BTC outperformed ETH and most alts and is nearing ATHs
  • Despite price nearing ATH’s google trends and app store rankings are way off prior peaks


  • Meme coins were the flavor of the week, as $DOGE, $SHIB, $PEPE, $WIF, $BONK ripped higher on non-trivial volumes
  • DV’s internal retail flow went parabolic on these last week, somewhat dispelling notion that retail isn’t here yet at least when it comes to meme coins.

Upcoming Catalysts / Trade Ideas

→ $ETH Dencun Upgrade, 3/13

  • We like ETH L2s and ETH beta going into the upgrade

→ $ARB $2.2B unlock, 3/16

  • We like this as a short going into the unlock, paired with $OP, $ETH, or $MATIC to hedge

→ Nvidia AI conference, 3/18

  • AI tokens may pump in typical crypto fashion from increased attention
  • We also think AI tokens may stand most to benefit from rotation of retail profits out of meme coins

→ $LDO

  • We think $LDO is poised to outperform as it should benefit from a re-staking narrative that’s heating up into the Eigenlayer airdrop
  • Having a whopping $30B in TVL, LDO arguably is the biggest beneficiary from the Uniswap fee switch proposal, but the token didn’t seem to react to the Uniswap news
  • we believe that as the market digests the news and if the proposal passes, there’s good odds that a $LDO fee switch narrative emerges giving it good R/R as a bet

→ $MATIC (continued from previous weeks)

  • Upcoming token migration to $POL, with a new set of tokenomics
  • $POL staking for airdrops (potentially $Avail?)
  • AggLayer narrative emerging
  • DV’s internal retail volumes continuing to trend up


➡️ Should you require limits for any of the cryptocurrencies listed above or for any other coins available through DV Chain (for a complete list, see below), please feel free to contact your DV Chain representative or email



***NOTICE and DISCLAIMER: This communication and any attachments (the “message”) is not a research report and should not be considered as such. This message is a summary for the intended recipient(s) only and does not provide information reasonably sufficient upon which to base a decision to enter into any derivatives business or transaction. Unless otherwise expressly stated, this message does not purport to be complete, and does not constitute advice or an offer, invitation or solicitation to buy or sell any financial instrument. You should not consider doing derivatives business with any person unless you understand the risks of derivatives and are capable of making your own independent trading decisions with respect to particular derivative transactions. Unless otherwise expressly stated, DV Trading and its affiliates (“DV”) act as principal only and do not hold themselves out as agent, broker, or fiduciary to third parties, and thus owe no agency duties to their counterparties. The contents of this message reflect the views of the individual author; DV will not bear responsibility for any losses or damages arising out of the use of, reliance upon, or receipt of this message.



Contact to get more information.
Learn more