My Bitcoin Spidey-Senses are Tingling

What is Bitcoin sniffing out? It is trading lower this week, and diverging from the upwards trend of mega-cap tech stocks. Is this under-performance, or a signal something ain't right?

Markets provide an endless stream of lessons, and character building events. More often than not, it teaches you something about your own thinking and decision making process. The longer you spend in markets, the more your ‘spidey-senses’ and gut instincts are tuned into identifying when things just don’t feel right.

My spidey-senses are tingling this week, and I wanted to dig into some data to find out why.

In this piece, I will share some thoughts that come straight from my gut instinct on the following:

• A potential unwind of the Bitcoin cash-and-carry trade affecting ETF and futures markets.

• An update on the ‘Top Heaviness’ of Bitcoin as price trades below the Short-Term Holder cost basis.

• The sustainability of the Nvidia parabola, which appears to be a black hole of liquidity, propping the entire US stock market up.