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BREAKING: Bitcoin just confirmed its 5th consecutive weekly close above the 50W MA.
BTC reclaimed $83,000 while ETH is trading near $2,450 after liquidating $130M in shorts over the last 12 hours.
Bears were spreading "Black Monday" crash fears from the last 2 weeks all over X.
Send everything higher.
The US Stock Market Fear & Greed Index has crashed to 18, reaching "Extreme Fear."
The index has fallen from 46 to 18 in just one week as Big Tech stocks suffer their biggest weekly drop since the April 2025 Liberation Day tariff sell-off.
NEW: Fidelity's Head of Global Macro says Bitcoin may be entering a new bull market 👀
"A new 4-year cycle bull market could be underway, based on its power law patterns. There doesn’t seem to be a narrative, but then again, bull markets rarely start with one." 🐂
🔥 TODAY: Bitwise CIO Matt Hougan says that whether the economy faces rate hikes, inflation, recession or an AI boom, nearly every macro scenario ends with Bitcoin higher.
“All roads still lead to Bitcoin.”
Absolutely incredible.
Just 10 stocks have driven 70% of the S&P 500’s gain since March 30th.
These stocks have added +16 percentage points to the index’s +23% gain over this period.
Nvidia, $NVDA, has contributed the most, accounting for 13% of the S&P 500's gain, or +3 percentage points.
This is followed by Micron, $MU, Apple, $AAPL, and Microsoft, $MSFT, each accounting for 9% of the S&P 500’s advance, adding +2 percentage points.
Return contributions of AMD, $AMD, and Alphabet, $GOOGL, have been 8% and 7%, respectively.
Meanwhile, the remaining 490 stocks have accounted for just 30% of the S&P 500's gain since March 30th, adding +7 percentage points.
Diversification is dead.
The gap between AI names and the rest of the market is historic:
Since the start of 2024, a basket of 42 AI stocks has generated 67% of the S&P 500's price return.
In other words, those names have contributed +22 percentage points to the index’s +33% gain over this period.
By comparison, the remaining 458 stocks have added +11 percentage points.
Additionally, those 42 AI stocks have accounted for 58% of the S&P 500's earnings growth and 81% of CapEx and R&D growth since the start of 2024.
The rest of the index has therefore contributed just 20% of total CapEx and R&D growth over the same period.
Meanwhile, just 29% of stocks have outperformed the S&P 500 over the last 3 years, close to the ~25% low recorded during the 2000 Dot-Com Bubble.
AI is all that matters.
"I think next year is the year we are going to see the biggest moves in crypto."
"I really do believe people have to be patient with this...it's a bull market."
@jvisserlabs is sounding the alarm that we are in a bull market. Do you agree?
HOT TAKE: 🇨🇳China's return to crypto could UNLOCK the next crypto SUPER CYCLE.
Solana Company (DAT) CEO Joseph Chee says the Chinese government is using Hong Kong as a 'testing ground' for crypto regulation as China explores ways to manage digital assets.
“It's HUGE... I think crypto is gonna go through another super cycle.”
Someone bought 12,747 ETH at $12 in 2016.
Held it for 10 years and survived multiple 80%+ crashes.
Today, he moved his holding, which is now worth $31,860,000.
A 20,400% return by simply believing.