Hein Tibosch

saylor pushed us up here, but mstr's IV keeps dropping (they need this high to keep raising thru note sales) , no huge issuances coming in, people a bit sweaty over that, but not maximally so (its not panic, more fear) so no real reason to go big sell, but no real reason to go big buy BSR stuff came in, and a few people reduced their risk profiles because a big exciting event that was incoming occured, and so the upside of a surprise BSR was gone, trenches wise well $trump kinda rawdogged the trenches and left few survivors think of it as like the big leverage longers scared to yolo molo and so panicing out ,then it goes low enough to kill the rest trading isnt about up or down, its about likelihood of either, and think last few weeks people became more risk averse, think of it as like just rebalancing their portfolio just natural market chop, this asset does 20% either way p easily and people assign that to cycles coz they love to sound smart and be the sexy guy who called the cycle, but its more just small moves within a larger market, like even if mstr cant raise anymore or wtver, its no gonna kill anything, we are still supercycling, but just people rebalancing can cause us to move a chunk