Ep 22 / Portfolio Passes $500 During a Bitcoin Pullback

· 1 min read · 22 seen

For the week ending January 18, 2024, the portfolio closed at $503.11, up $33.52, or 7.14%.

Passing $500 was a genuine journal milestone, especially because it happened during a sharp Bitcoin pullback rather than a uniformly helpful market.

Market context

From January 11 to January 18, Bitcoin fell from roughly $46,369 to $41,262, while Ethereum declined from around $2,620 to $2,467. The pullback followed the launch of U.S. spot-Bitcoin ETFs as markets digested early flows and post-approval profit-taking.

The TerraM token was priced at $0.86 during the week, separate from the $503.11 portfolio NAV. Options premium and position management remained the working focus, but the available record does not allocate the weekly NAV gain fully between sources.

Passing $500 was a useful milestone because it occurred while Bitcoin was pulling back rather than during a uniformly supportive market. That contrast makes the dated portfolio result more informative than the percentage alone. The Performance journal preserves the dated result, while the available record should continue to avoid assigning the full weekly NAV increase to any one source.

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