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๐ Something rare just happened with $VIX.
After 40 straight trading days below 20, volatility finally broke higher and closed above the key level.
Not a predictor for $SPY returns, but it marks the 6th longest low-volatility stretch since 1990.
๐จ $1.6B Crypto Wipeout as BTC Hits 2-Month Low
Bitcoin plunged below $66,000 for the first time since April, triggering over $1 billion in liquidations across the crypto market.
Rising Iran tensions and continued selling pressure from Strategy have fueled the selloff, with BTC now down nearly 50% from its October ATH of $126,000. ๐
One of the earliest Bitcoin memes was:
"Own 1 BTC, it's worth $68K. Own all 21 million BTC, it's worth $0."
The point: Bitcoin's value comes from trust and decentralization. Many believe Saylor has crossed an unwritten social covenant, adding uncertainty to the path forward. ๐