BTX Capital is a thesis-driven liquid fund that specializes in bridging the gap in liquidity between the Western and Eastern crypto markets. Since founding the firm in 2018, we have discovered a set of unique fundamental trading alphas in cross-geography arbitrage to generate among the highest returns in crypto trading that is both bear-market resistant and maintains superior risk management in this most-volatile market. Post-ICO boom in 2018, the opportunity set in crypto trading has become a commoditized business where traditional players such as Jump Trading have pushed profit margins for many trading strategies to zero. Against these challenges, we identify which projects have healthy tokenomic design, are grossly undervalued due to lack of liquidity, and build disruptive technology in web 3.0.