...upside or downside), we’ve experienced a significant amount of chopping and churning, with bouts of elevated...Trade wars are not great for risk assets in the short term due to the elevated volatility and uncertainty...given us a taste of how markets are likely to react to Trump’s economic agenda & tariff playbook — elevated...

The April tariff shock has been fully retraced across risk assets, and sentiment indicators, while elevated...During past cycle tops, the signal consistently exceeded 80 and often stayed elevated for several weeks...In contrast, today’s reading suggests elevated participation without signs of euphoric excess.

Hope Metric Held Steady in Neutral Regime BTC traded with elevated volatility in June, briefly topping...

BTC is currently leading sentiment – not the other way around > Instead of R² staying elevated and...cycles, a stretch of R² > 0.7 for a few days often preceded a BTC pullback > But now R² can’t stay elevated...

TRUMP (which wasn’t launched through Pump.fun) helped drive Raydium’s peak volume in January through elevated...

The VIX rose nearly 2% to 18.93, 10-year yields remain elevated at 4.46% and Gold rallied over 3% – all...was no ETF flow data for June 1 due to standard weekend lag, but institutional BTC activity remained elevated...If RRP usage remains elevated or climbs further, it would indicate continued defensiveness, with allocators...

Elevated volatility to the downside.

But despite the elevated geopolitical chatter, the market’s flow response has been surprisingly muted...back to ~20, indicating that while markets remain risk-aware, perceived tail risk is not materially elevated...’d likely see clear signs of risk-off rotation: surging ON RRP balances, falling BTC ETF flows, and elevated...

From here I will be watching whether R² can remain elevated (sustaining this alignment signal in the...

Coincidentally, the current market cycle is the first cycle in which interest rates began at elevated...Elevated interest rates weigh heavily on stablecoin driven demand dynamics....Additionally, elevated interest rates weigh on credit creation....RoW keeps US interest rates elevated, and a bid under the USD (”cleanest shirt in the laundry”).

Fragmented layer-1 and layer-2 ecosystems create compatibility issues, while inadequate tooling, elevated...

...started to widen significantly, which historically corresponds with market bottoms VIX is extremely elevated...

This has been the first crypto cycle with interest rates at such elevated levels.

Despite elevated rates, bank profitability has remained strong.

For larger merchants this presents a massive revenue stream at scale, especially if rates remain elevated...

...raised questions, indicating the team is maximizing extraction before the game launch while hype remains elevated...

...chips, Big Tech can either: Craft intelligences superior to others in the market and rent them out at elevated...margins or Rent out the underlying hardware at elevated margins Cloud at 60 – 70% gross margins is...quickly and cost-effectively to enable smart cities and municipal governments to combat the ills of elevated...

...tensions in the Middle East are making their own fresh highs, so volatility in risk markets could remain elevated...However, downside risk remains elevated, especially if we break below the $60K level.

This contributes significantly to elevated interest rates prior to AI’s full deployment, as lenders demand...

Consequently, BTC yields will be competitive with ETH, especially when funding rates are elevated....said, It is worth briefly mentioning one counteracting force that could keep funding rates slightly elevated...If Ethena is simply able to maintain current USDe supply of around $2B, and sUSDe yields remain elevated...