ChainCatcher message, the founder of the crypto hedge fund Lekker Capital, Quinn Thompson, advises against investing in altcoins at this time. He pointed out several indicators of market instability, including high leverage and open contracts, a lack of panic buying, and stagnation in stablecoin supply.He believes that the market is experiencing increasing selling pressure, particularly from venture capital funds that need to raise funds, leading to more selling than buying. This situation, combined with low trading volumes in the summer, makes it difficult for altcoins to gain traction.

ChainCatcher news, according to Fortune magazine, the new cryptocurrency hedge fund Lekker Capital, founded by Quinn Thompson, is raising $20 million and plans to start trading in May. The fund will invest in both digital native tokens and public stocks, such as Bitcoin mining companies, Microstrategy, and Coinbase, with a roughly 50/50 ratio between the two.It is reported that Quinn Thompson previously worked at the digital asset lending platform Maple Finance and the traditional investment firm Guggenheim Partners.