5 of 5 thoughts for the weekend The first time in a while that insider buying > insider selling

Another extreme reading on the NYSI, and it's still falling. Breadth is now more oversold than at the April 2026 bottom and the April 2025 low, and it's closing in on October 2023 levels. It's not far from the 2022 bear market lows either. For context, here's how far the S&P 500 fell in each of those periods: April 2026: -9% April 2025: -20% October 2023: -10%

Lee Goon Wong

Best chart in the entire market perhaps $LITE

Time for crypto to get mogged by AI semis for a bit?

combo spooz buys with daily 10y sell print

Lee Gooner Wong was right? $zec

Just so we’re clear on who is subsidizing whom. White men are 36% of the population and 39% of the labor force. They pay 62% of federal individual income taxes, 50% of federal payroll taxes, 70% of taxable capital gains, and account for about 10% of all welfare recipients.

No sellers

If Michael Burry had invested the $100 million he made from the Big Short into the Nasdaq Composite in 2009, it would be worth roughly $1.72 billion today. That's $1.42 billion more than his actual net worth today.

Eth legitimately has run out of sellers

I like symmetry of $30k but probably pure hopium

Just crazy strength lads zcash:native

Moon it

$IWM Yields are blowing out and… Russell is flat? Enough pain already… (please)

I'm not cautious on ZEC long term but real talk MVRV is 4.5 right now. Statistically at least Zcash is the most expensive it's been since the bull run last year (and obviously in dollar terms too). Still a very good chance this thing rips straight up from here. It's going after Bitcoin which is an enormous amount of capital to absorb. Narratives also take a LONG time to play out and I am way too close to the metal. I hang out online with crypto dudes all day I'm probably living 5-10 years in the future vs normies. But still the time to buy as a value investor was months ago when everyone hated Zcash. The only other really logical place for Bitcoiners to rotate as SOV (that I see) would be PRL but that one is early as hell and super small, illiquid, and crowded. And as for me I try to write thinking about a younger me without much money which is why I advise caution a lot. A cautious investor who wants to minimize portfolio volatility at the expense of absolute returns would probably trade around MVRV. Not the way to get rich fast but a good way to get rich and stay rich reliably. zecstats.com/chart/realized?…

I plan to write a couple of articles about my criticisms of Bitcoin. For now, though, just to put these points out into the world: Hyperbitcoinization is the replacement of the world reserve currency with bitcoin. It is NOT the use of bitcoin as a store of value, which is already happening. The world has many, many SOVs. Hyperbitcoinization is the entire purpose of Bitcoin, and yet it is not possible with Bitcoin today. Hyperbitcoinization is not possible because Bitcoin has decided to become digital gold, not digital cash. Bitcoiners say this vision still works because you can just use bitcoin to back whatever the real currency is. This is a near comical departure from the original goal because using another SOV like gold this already could have been done without Bitcoin. Some Bitcoiners will claim that Bitcoin is digital cash through the Lightning Network. But the Lightning Network reintroduces counterparty risk. It basically removes all of the safety and security they have worked so hard for. If you plan for bitcoin to be adopted through the Lightning Network, then you are openly asking for 99% of transactions not to have Bitcoin-level settlement and security. What is the point of all that purity if you don't extend it to virtually all of the usage on your network? Finally, Bitcoiners culturally have become way too comfortable with power which would wish to kill it if it actually worked. Most of the float and flow is in the hands of US government regulated institutions. Either Bitcoin has put its head between a lion's jaws, or the US gov does not feel threatened by Bitcoin's ability to fulfill its mission in the slightest. Finally, the fun part. The best way to achieve hyperbitcoinization is to spread the payment rails first, not the asset itself. This is because of the classic problem with the asset being too volatile. An asset is only going to replace the United States dollar as the global reserve currency once it is less volatile. However, this will happen inevitably because a hyperinflation will happen inevitably. A hyperinflation basically means that the United States dollar is gonna become more volatile than most assets. At this stage, it would be very easy for many cryptocurrencies to look like a better option. What they need is not price stability per se, what they need is global distribution. If the payment rail spreads first, the distribution is already achieved before anyone even thinks about using the crypto itself. Obviously, I'm thinking about Zcash here. The final question we're left with is why the payment rail would spread in the first place. The answer is very simple, but for crypto, it has been unattainable: transactions need to be so cheap, so fast, and supported in such a large number, that it is actually a more convenient payment rail in its own right. What I'm describing has basically been the dream for crypto the entire time. What is exciting about Zcash is that with Tachyon, it just may be this chain. Hyperzcashization becomes possible in a scenario where Zcash as a payment rail is so convenient that it spreads throughout the world. Then when a hyperinflation takes place, it will be trivial to switch from using dollars on Zcash to using Zcash itself. Based on my understanding here, the dream is still alive through Zcash.

This is insane. The S&P 500 AD Line fell below its 200-DMA for first time since Nov 2023. Prior drops marked sharp inflection points. Last time was before 2022 bear market. One before was during COVID dip, leading to 75% gain in 1 year. Prior marked bottom of 2018 bear market.

It’s literally over for Canada. RIP man so sad