Category Archives: Daily Briefing

Bitcoin sits at $60,560 down 22% on the month — yet BITX is down 46%, MSTR -35%, COIN -23%. The proxies broke faster than the asset. Here’s what that spread means.

MRVL +69%, ALAB +59%, ARM +52% on the month — then a 5-9% Friday flush. The Alpha Dashboard says smart money paid $7.3M for SPY and IWM put hedges before the wheels moved.

VIX is back to 15.77 — well below the 20-day average. But the Alpha Dashboard shows 89% sentiment, $11M in TSLA call sweeps, and a $1.4M SPY put hedge.

Crude jumped 8.3% Monday after the Hormuz weekend whipsaw, and OXY ripped 5.4% to retest $60. Why Buffett’s energy bet is the cleanest single-name torque trade.

SPX at 7,591 ATH, AMD ripped 14%, ETH/BTC at a 6-month low — and the VIX term structure is whispering. Sunday rundown of the week that was.

BTC bled into a 30-day low while ETH/BTC dropped to a fresh 6-month low. The crypto market is voting, and the equity proxies are showing where it shows up first.

S&P at fresh highs and VIX at a 90-day low — but the real week was a quiet handoff inside the AI trade. AMD ripped 14%, NVDA stalled, crypto proxies bled.

Today, the markets are closed and the charts can wait. A short note of gratitude for the men and women who never came home. Regular briefings resume Tuesday.

S&P at 7,473 — 0.4% off all-time highs. Bitcoin at $75K, down 40% from October. Oil down 8% on the week. The dispersion tape, what we covered, what is on the radar next.

Bitcoin has fallen 40% from its October peak and spot BTC ETF outflows hit $1.63B in five days — BlackRock’s IBIT alone accounts for 75% of it. What the funding rate is quietly telling us.