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Still holding $ONDS and staying patient.
In a late stage bull cycle with this kind of discount, historical odds of a bounce are only about 45–50%.
But the R:R is exceptional here, closer to 2:1 or 3:1.
I’ll take this setup every time it appears.
Buckling columns send bricks falling onto Manhattan street, prompting evacuations at a high-rise under construction and nearby buildings. https://t.co/BSB0NJjS0H
Fear is building beneath the market’s surface:
The Fear & Greed Index is now down to 24.8, the lowest since early April.
This metric is now below the 30-point threshold, signaling "Extreme Fear" among investors.
The reading comes despite the S&P 500 sitting just -3.7% below its all-time high.
By comparison, the index bottomed at 5.8 points on March 30th and 5.2 points in November 2024.
This comes as the 5-day average put-to-call ratio is up to 0.84, the highest since the 2nd week of April and above the levels seen between July 2025 and January 2026.
Keep watching sentiment.
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
🇮🇱🇵🇸 Al Jazeera's new documentary on Israel's systematic use of rape against Palestinian prisoners exposes a horrific culture of abuse.
One Israeli lawyer said the prisoners he represents plead with him not to visit because they're raped whenever he's due to meet them.
Despite mountains of evidence showing Israel systematically breaks international laws, the world does nothing.
Gaza... Lebanon... the West Bank... how far do they have to go before world leaders get them to stop?
Writer: Ian