Jekagro

[Jekagro @jekagro]

"Valorad donde estáis y lo que tenéis, porque nunca sabes cuándo llega tu momento". Tito Vilanova.

[Jekagro @jekagro]

Los ojos de tontin tras la esponja 🙌🙌🙌

[Susan Stroud @SusanNOBULL]

Day 8 | “The purpose of risk management is not to eliminate uncertainty, but to survive it.” -Peter L. Bernstein

[Ik. @ik_fiinn]

Nah.. this final was pure chaos 😭

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

This is super cool! >>Platts periodic table of oil...it is interactive! Click on the cells in the link to find out more about each one
https://t.co/PYRMhMDoR5

[Jekagro @jekagro]

@OilandGibbs Completely useless fact: The only other time in history we have had a price swing this large (over $25 for Brent and $1.25/gal for Diesel), was also on a March 9th…

[TV Azteca Deportes @AztecaDeportes]

TIME LAPSE DEL ESCENARIO DE BAD BUNNY EN EL SUPER BOWL 😱

Un trabajo impecable que se ejecutó en muy poco tiempo, el puertorriqueño sorprendió con la escenografía que hace alusión a su último álbum Debí Tirar Más Fotos 👏

#RitualNFL #TenemosElFlow #RitualINoLVIDABLE

[bubble boi @bubbleboi]

660 billion dollars of Capex this year on AI data centers.

To put a number like that in perspective this is more than what we spent on the U.S. interstate highway system (630 billion), more than what we spent on the Apollo Moon Program (257 billion), more than what we spent on the international space station (150 billion).

This is more money than Walmart’s revenue for last year ($648 billion), it’s about 25% of ALL Military spending globally, it’s equivalent to buying 50 Gerald R. ford class aircraft carriers.

It’s the equivalent of spending $1.8 billion dollars a day, $75 million dollars an hour, $1.2 million dollars a minute.

This year alone is without a DOUBT, THE BIGGEST PROJECT IN THE HISTORY OF CAPITALISM. And we are spending all of it …. In on year.

God save us.

[Boring_Business @BoringBiz_]

Capex guidance for FY26 from the Mag 7 so far:

> Google: $175B-$185B vs $119B estimate
> Meta: $115B-$135B vs $110B estimate
> Tesla: $20B vs $11B estimate
> Amazon: $200B vs $146B estimate
> Microsoft: Run rate (based on 2Q) at $120B

Its over.

[Bob Kendall (The Kendall Report) @PortfolioXpert]

So here’s the issue you get influencers like this guy have a quarter million followers and they claim they don’t know why it is declining… it’s because they don’t understand basic mechanics of price discovery.

They don’t understand that the marginal buyers or the float determines price they think the onchain bitcoin is that is the price discovery

Well, it was once upon a time but now..

Once you can synthetically manufacture the supply, the asset is no longer scarce and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

This is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

The original premise that no longer exists

Bitcoin’s entire valuation logic was built on finite supply (21M) and inability to be rehypothecated.

That died the moment:
•Cash-settled futures
•Perpetual swaps
•Options
•ETFs
•Prime broker lending
•Wrapped BTC
•Total return swaps

were layered on top of the chain.

From that moment forward:

Bitcoin supply became theoretically infinite.

Not on-chain in price discovery.

The metric that explains the collapse

Synthetic Float Ratio (SFR)

Once you can synthetically manufacture the supply, the asset is no longer scarce — and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

That is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

Why Wall Street can now “trade against” Bitcoin

They do exactly what they’ve done in every commodity market:
1.Create unlimited paper BTC
2.Short into rallies
3.Force liquidations
4.Cover lower
5.Repeat

They are not “betting” — they are manufacturing inventory.

The same 1 BTC can now support:
•An ETF unit
•A futures contract
•A perpetual swap
•An options delta
•A broker loan
•A structured note

All at once.

That is six claims on one coin.

That is not a market.
That is a fractional reserve price system.

[Rory Johnston @Rory_Johnston]

“so contango is when the market says the price is going to go up in the future?”

[Playmaker TD 🏈 @playmakerTD]

Puka Nacua fantasy managers watching him leave the game with an injury.

[Javier Blas @JavierBlas]

Beware of the long-term outlooks:

McKinsey has just released its “materials” (commodities) outlook. Last year, it projected coal demand by 2035 **down** 40%. Now, it projects coal demand by 2035 **up** 1%.

How it started … … How’s going

[Jason Furman @jasonfurman]

The other day a student asked me about the prevalence of insider trading in prediction markets. I now have an answer.

[Nacho Lozano @nacholozano]

“No queríamos fastidiar el cumple a nadie, pero… ¡No eran horas!”. Por más de 6 horas, una canción de cumpleaños estuvo sonando durante la noche por los altavoces de un colegio en #Murcia, #España.

Los bomberos locales fueron alertados por el ruido y tuvieron que trasladarse hasta la escuela. Lograron desactivar los altavoces a las 4:30 de la mañana.

¿A poco no parece una escena de terror?

[Javier Blas @JavierBlas]

For months, the Spanish grid operator (and the government) had been procrastinating about the country’s electricity problems. It was the fault of everyone else but them. Now, urgent measures are needed in 5 days — or else. Will someone assume their responsibility now?

[Josh Young @JoshYoung]

"How could we know there was a bubble?"

Exhibit A:

[Jekagro @jekagro]

@allinkid Some of us had both…

[Héctor “Gruñon” 🏈🎸🎬⚽️🍺 @hectorh09]

🤣🤣🤣 me representa…