Letters
Highstake Letters
Monthly performance commentary and periodic market notes.
2026
April 2026
Latest
The strategy returned +4.58% net in April as derivatives-driven rally conditions produced elevated activity across perpetual futures markets.
Apr 30 · 2 min
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March 2026
The strategy returned +5.47% net in March with zero drawdown as derivatives markets normalized following the February deleveraging event.
Mar 31 · 2 min
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February 2026
The strategy returned +0.95% net in February with zero drawdown during the worst crypto deleveraging event since FTX.
Feb 28 · 3 min
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January 2026
The strategy returned +5.48% net in January with zero drawdown while Bitcoin declined 22% peak-to-trough.
Jan 31 · 2 min
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2025
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Monthly commentary and periodic market notes — or email invest@highstake.app.