The K-Shaped is now appearing with cryptos
Source: Hedgeye, Bloomberg
Bitcoin has fallen $6,000 since Michael Saylor's STRATEGY disclosed its first Bitcoin sale in 3.5 years.
More than $2.41 billion in crypto positions have been liquidated in just 48 hours. STRATEGY currently holds 843,706 BTC, acquired for $63.9 billion at an average price of $75,699 per Bitcoin. The last time Saylor sold Bitcoin in December 2022, BTC went on to rally 660% from $17,000 to $125,000. Source: Bull Theory
The BTC top coincided with the moment the AI narrative went parabolic.
One possible explanation is that speculative capital has simply found a higher-beta home in AI. SK Hynix remains one of the key AI mania names to watch. Is an AI bear market the only thing that can bring those flows back to crypto? If so, BTC bulls may find themselves in the unusual position of rooting for weakness in the very risk assets that have driven markets higher. Source: TME
Tether is accumulating gold at a pace that rivals central banks
Tether purchased 6.5 tonnes of gold in Q1 2026, bringing total holdings to a record 132 tonnes. Over the last 6 quarters, Tether has purchased ~73 tonnes of gold in total, surpassing China's central bank purchases of ~49 tonnes over the same period by nearly +50%. Tether's gold holdings have more than DOUBLED over the last 12 months. In 2025, Tether acquired more gold than every central bank except Poland. Tether is now competing directly with central banks for gold. Source: Global Markets Investor
75% chance Crypto Clarity Act passes
Source: Kalshi
Companies bought 50,351 bitcoin in Q1 this year, the most amount ever 🤯 🚀
Source: Bitcoin Magazine
Bitcoin is trading above the key $80k level, with the “light golden cross” (50/100-day) now in place.
The 200-day MA sits slightly higher, a level that hasn’t seen a close above it since last October. Source: The Market Ear
Sam Altman’s Worldcoin ($WLD) has lost about 98% of its value, turning a $100,000 investment at its peak into roughly $2,000.
The project’s “Orb” device, which scans irises in exchange for tokens, raising concerns about permanent biometric data collection and consent—echoed by Edward Snowden and researchers like MIT. It highlights regulatory pushback and bans across multiple countries. Some are pointing out that the project’s team of selling large amounts of tokens while supply increases, contributing to price decline, and portrays broader ethical and legal concerns around the project.
