Callum Peacock

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The largest US gold-backed ETF, $GLD, posted a record -$3.0 billion outflow on Wednesday.

This surpasses any previous large daily outflow seen over the last 2 years by +200%.

At the same time, silver ETFs recorded small outflows, while Bitcoin ETFs saw modest inflows.

This came a day after gold prices dropped -4.4%, the biggest daily decline since the January 30th crash of -11.4%.

This all follows global gold ETFs pulling in +$5.3 billion in February and +$18.7 billion in January, marking the 9th straight month of inflows and the best 2-month start to a year on record.

Gold investors are locking in gains after a historic rally.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially posts its highest close in history, now up +42% since the April 2025 bottom.

[ThetaGrind @Kasbar_G]

$BTC

We have to keep winning !

We have to win moreee...

#Trump

[The Kobeissi Letter @KobeissiLetter]

This is one of the fastest moving crypto bear markets ever:

On October 6th, crypto hit a record $4.27 trillion in market cap.

Today, crypto's total market cap is back below $3 trillion.

That's -$1.3 trillion in 45 days.

[The Kobeissi Letter @KobeissiLetter]

It's safe to say that crypto just experienced its "2025 bear market."

Since October 6th, in 42 days, crypto has erased -$1.2 trillion in market cap, or -28% of its entire value.