The 9:30am bell rang normal Tuesday. What's underneath it isn't.
Bitcoin slid to about $82,500 overnight as the 10-year Treasury yield hit its highest since 2007, then turned and climbed back above $84,000 right before the US open. Coinbase (COIN) opened near $193.16-193.27, up from Monday's $191.79 close. Nvidia (NVDA) opened around $231.48 vs $228.86. Strategy (MSTR) opened close to flat, $157.67-157.84 vs $157.14.
Here's the part that caught my eye: S3 Partners says Strategy and Coinbase are currently the two most "squeezable" stocks in the market, way above the street average. Total short interest against crypto-linked stocks sits at $10.7 billion, and those two names alone are 84% of it. If Bitcoin keeps climbing, some of those shorts get forced to cover, which can turn a rally into a sharper one fast.
Zoom out and there's a bigger shift happening underneath all of it. The SEC just handed out a five-year exemption letting platforms trade tokenized versions of stocks, same dividend and voting rights, but able to settle on a blockchain 24/7. Robinhood's already running it in 120+ countries. We're watching the line between "crypto stock" and "tokenized stock" get thinner in real time.
Full breakdown: https://www.bonuz.xyz/en/blog/tokenized-stocks-24-7-market-structure-sec-exemption-2026
Would you rather trade a stock that opens once a day at a fixed bell, or one that never closes? And does $10.7B in crypto-stock shorts make you more bullish or more nervous here?
Not financial advice, just genuinely interesting market structure.
#Bitcoin #Coinbase #TokenizedStocks
Bitcoin slid to about $82,500 overnight as the 10-year Treasury yield hit its highest since 2007, then turned and climbed back above $84,000 right before the US open. Coinbase (COIN) opened near $193.16-193.27, up from Monday's $191.79 close. Nvidia (NVDA) opened around $231.48 vs $228.86. Strategy (MSTR) opened close to flat, $157.67-157.84 vs $157.14.
Here's the part that caught my eye: S3 Partners says Strategy and Coinbase are currently the two most "squeezable" stocks in the market, way above the street average. Total short interest against crypto-linked stocks sits at $10.7 billion, and those two names alone are 84% of it. If Bitcoin keeps climbing, some of those shorts get forced to cover, which can turn a rally into a sharper one fast.
Zoom out and there's a bigger shift happening underneath all of it. The SEC just handed out a five-year exemption letting platforms trade tokenized versions of stocks, same dividend and voting rights, but able to settle on a blockchain 24/7. Robinhood's already running it in 120+ countries. We're watching the line between "crypto stock" and "tokenized stock" get thinner in real time.
Full breakdown: https://www.bonuz.xyz/en/blog/tokenized-stocks-24-7-market-structure-sec-exemption-2026
Would you rather trade a stock that opens once a day at a fixed bell, or one that never closes? And does $10.7B in crypto-stock shorts make you more bullish or more nervous here?
Not financial advice, just genuinely interesting market structure.
#Bitcoin #Coinbase #TokenizedStocks
