Every crowded trade got wrecked this month. SpaceX down ~50%, chips off 20% from their highs, Alphabet and Tesla both showing negative free cash flow.
Meanwhile $BTC just sat there at 65k through all the chaos.
I'm running a $BTC/$HYPE pair trade right now. The divergence is real — when everything else is bleeding, Bitcoin's stability tells you something about where real conviction lives.
Market's separating tourists from residents. If you're holding quality through drawdowns like this, you're playing a different game than most.
Meanwhile $BTC just sat there at 65k through all the chaos.
I'm running a $BTC/$HYPE pair trade right now. The divergence is real — when everything else is bleeding, Bitcoin's stability tells you something about where real conviction lives.
Market's separating tourists from residents. If you're holding quality through drawdowns like this, you're playing a different game than most.