Steven Ehrlich
@Steven_Ehrlich
Head of Research and Comms @Sharplink $SBET | Host @bitsandbips - The Interview | fmr Rsch. Dir. @Forbes, @krakenfx @Citi, @BoozAllen, US DoD, #flyeaglesfly#
2.3K Following 11.4K Followers
But the real edge isn't volatility — plenty of months swing harder. It's asymmetry. When July is green it averages +43%; when red, just -5% (2020-2025).
No other month pairs that much upside with that shallow a drawdown. That's what makes July different.
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Ethereum is off to a strong start in July — up ~11% month-to-date.
History says pay attention. The last 4 positive Julys averaged +43%.
Why ETH's Julys go big — a thread 🧵👇
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One interesting finding from the research for yesterday’s post that didn’t make it into the final copy is this chart: #Ethereum# keeps recruiting developers — regardless of price.
Even in brutal bear markets, new talent keeps pouring in. That’s the real moat.
This is exactly why I’m so bullish on #ETH# long-term.
Price comes and goes. Builders compound.
Full thoughts + more context in the QT 👇
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The US Senate Banking Committee released a 309-page market structure bill for the CLARITY Act at midnight on May 12th, with a markup vote scheduled for Thursday at 10:30am ET.
This is the most consequential week for crypto policy in at least a year, and likely our best window to get this done before midterm dynamics take over.
Sharplink supports this bill.
A thread on what it means for our business:
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