I can’t think of a better city than San Francisco for a 10K 🏃♂️🌉
Sunny skies ☀️, hills when you want a challenge, flat routes when you don’t, and amazing coffee waiting after the run ☕️
Can life get any better?
The commercial logic here is simple: secure U.S. demand plus future supply. Kristi Noem’s connection to NRED gives NovaRed more visibility
#jonita#NationalHotDogDay#Rashmer
GMM MSTR TSLA COST META
📊 ONCHAIN INSIGHTS DAILY BRIEFING - JULY 10, 2026
💠 CRYPTO
• Bitcoin Supply Tightening: Long-term holders are accelerating spending while deeply committed investors hold firm, creating structural scarcity despite recent profit-taking.
• Institutional Accumulation Accelerating: Public companies and large balance-sheet holders are adding bitcoin to reserves at a quickening pace, signaling upward pressure on available coins.
• Ethereum Deleveraging Healthy: Traders have sharply reduced high-leverage futures positions, lowering systemic liquidation risk and supporting more sustainable price movements.
🌍 MACRO
• Leverage at Breaking Point: Margin debt has surged to record highs while cash balances have collapsed into deficits, creating acute vulnerability to liquidation cascades if risk assets falter.
• Capital Flight from Equities: Money market funds are attracting massive inflows as investors rotate away from equity risk into cash equivalents and near-term yields amid macro uncertainty.
• Central Bank Tightening Intensifying: The Bank of Japan's balance sheet contracted sharply in Q2, marking the steepest decline since quantitative tightening began, reducing liquidity support across markets.
🎯 THE BIG PICTURE
Large-cap tech is leading equities to fresh highs while smaller caps lag, and volatility remains compressed, classic risk-on setup, but underneath, extreme leverage, massive margin debt, capital fleeing equities into money markets, and stretched valuations at Dot Com bubble extremes paint a fragile picture dependent on sentiment rather than organic demand. Central banks are tightening liquidity globally just as the market needs it most. The rally is real but structurally unsound.
RISK ON
$BTC #BTC #CRYPTO #MACRO
@itsmichaelluu Funny how every hot sector suddenly becomes "obvious" after it doubles.
Quantum today feels a lot like AI infra 12 months ago. Everyone's chasing the leaders, while smaller narrative names like $TROO are still quietly trying to prove the story with execution.