Tactical Opportunity Narrowing

Discussed in today's video:

Spot buying not translating into price strength: Strategy acquired approximately $3.4B of BTC over the past two weeks, yet Bitcoin failed to sustain momentum above ~$95k, suggesting ample incremental supply and/or weakening marginal demand. Regulatory optimism fading: Senate market structure efforts remain alive but face meaningful industry pushback and procedural hurdles, making them unlikely to serve as a near-term catalyst. Rate expectations becoming a headwind: Strong U.S. growth and rising uncertainty around future Fed l...