MN Fund: Delivers 15.33% Return Beating Bitcoin
MN Fund reports 15.33% August return and +18% outperformance vs Bitcoin since inception over 14 months amid current BTC price action at $78835.89.
SourceAnalysis
MN Fund closed August with a 15.33% gross return while extending its lead over Bitcoin to +18.00% since launch 14 months ago, even as markets fixated on bitcoin:native moves.
Price action on the 4h chart shows BTC at $78835.89 testing lower Bollinger support near $78951.05 with EMA50 at $79033.65 capping upside and EMA200 at $73695.4 providing deeper floor; the MACD death cross at 4.38 and neutral RSI of 42.41 confirm bearish momentum that favors a measured retracement before any sustained push higher, directly informing allocation decisions for funds like MN Fund seeking alpha against BTC benchmarks.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast