Headline Noise, Improving Flows, Tactical Setup Intact

Jan 16, 2026

Note: There were some technical difficulties processing today’s video, which led to subpar audio quality in certain spots. Below, I provide more detailed written commentary to pair with the charts referenced in the video. Thank you for your understanding.

Crypto markets traded mostly sideways to slightly lower today across both our token and crypto-linked equity portfolios. The primary exception remained bitcoin miners and Galaxy, which continued to outperform as investors gained confidence in the ability of these companies to monetize power and compute capacity through AI-related use c...

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Illustrations by Karl Wimer.