Warren Buffett: “I have mainly learned by reading. I don't think I have any original ideas…”
Charlie Munger: “There are answers worth billions of dollars in a $30 history book.”
The current correction in the market is merited for at least 2 reasons. One is the change to bearish seasonality, especially in the 2nd year of a presidential term. Second is the RASI +500 failure, which I discussed 2 weeks ago here: https://t.co/9E2Ao7daEa
ETH on exchanges just hit 14.5M, the lowest level in history! 📉
🔹 21M ETH (Oct 2023) → 14.5M today
🔹 6M+ ETH pulled off exchanges in 2.5 years
🔹 Steepest drop came during the crash, not before it
Crashes are supposed to send coins back to exchanges. The opposite happened.
Whoever is buying here isn't selling back!
Data via @cryptoquant_com
Re-test completed. Now breakdown of the year-long average and established move below it, can change the trend targeting first 4,098 followed by 3800s. #GOLD
If you're not watching SpaceX (already -29% from all time highs) crash on Hyperliquid before it even IPOs, I don't know what you're doing with your life.
Micron has plummeted 20.7% in the last three days. (Look carefully!) In the process, it gave back every bit of its gains of (checks notes) the last two weeks. And although the 20%-plus decline puts in a media-defined "bear market", it still sports a 174% year-to-date gain.
I want to add to this:
This Daily RSI on Ethereum has never happened before, neither did the sentiment hit this low of a level.
In history, the previous lowest reads on the Daily RSI combined with a capitulation have provided a massive return if you were buying those.
History will repeat itself on $ETH.
⚠️The passive investing revolution has reached a milestone that would have seemed unimaginable a decade ago:
The Vanguard S&P 500 ETF, $VOO, hit $1 trillion in assets under management (AUM), becoming the first ETF in history to reach this milestone.
This comes as the fund $VOO has attracted +$69 billion in total inflows year-to-date, the largest of any ETF, following +$118 billion and +$138 billion in 2024 and 2025, respectively.
By comparison, the AUM of iShares S&P 500 ETF, $IVV, is at ~$870 billion and the SPDR S&P 500 ETF, $SPY, at ~$790 billion.
$VOO charges just 0.030% in annual fees, less than one-third of $SPY's 0.095%, and even this marginal fee difference has proven to be a powerful driver of where billions of Dollars in institutional and model portfolio allocations go.
Passive funds have taken over the market.