Hello readers,
TDR Pro is a research service that provides access to our portfolio positions and active risk management. The portfolio is currently up 85.62% in total. Our non-BTC positions are up 132%. Meanwhile, BTC (our primary benchmark) is down 35.49% since TDR Pro's inception in July 2025.
We attribute much of our success in navigating the crypto markets over the last 6+ years to our data-driven approach to “understanding the big cycle.” We pair this work with macro analysis and crypto-native fundamental research on specific sectors and assets.
This should not be confused with “following the 4-year cycle.” That is not what we do. Rather, we respect how market cycles work from first principles.
In this special edition of TDR Pro, we cover what that means and share our framework for navigating the next cycle.
Let’s go.
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