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Feb 05, 2026
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AVOID
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Haseeb observes that metals had a "blowoff top" and are now "trading like meme stocks," exhibiting extreme volatility (up to highs, then pulling all the way back). Gold is typically a safe-haven asset. When it begins trading with meme-stock volatility, it loses its utility as a stabilizer in a portfolio. The "blowoff top" technical pattern suggests a period of distribution and downward consolidation is likely. Step aside until volatility dampens; the asset class is currently behaving irrationally. Geopolitical shocks could force a bid regardless of technical structure. |
Unchained (Chopping Block)
Epstein's Crypto Ties Revealed + Why Everyone...
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Feb 05, 2026
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NEUTRAL
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Haseeb cites PolyMarket odds showing an equal probability of BTC hitting $45k or $130k this year. He describes the market as being on a "razor's edge." When the market probability is perfectly split (50/50) with extreme variance in outcomes ($45k vs $130k), edge is non-existent. The market lacks a clear narrative driver (adoption is stalled, ETFs are stagnant). Cash is a position. Wait for a break of market structure (either reclaiming momentum or flushing to $45k) before entering. Missing the initial move of a breakout. |
Unchained (Chopping Block)
Epstein's Crypto Ties Revealed + Why Everyone...
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Feb 05, 2026
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LONG
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Tarun notes a Galaxy Digital client sold $9B of BTC specifically due to "Quantum Computing" fears. Haseeb adds that "Quantum stocks are ripping" and mentions Google building a quantum computer as a narrative driver. Money is rotating. TradFi investors are explicitly selling crypto assets to allocate toward the "Post-Quantum" narrative. While the tech may be far off, the *market narrative* is active now. Capital is flowing into this sector as a hedge against cryptographic obsolescence. Long exposure to Quantum computing hardware/software plays (e.g., GOOGL, IONQ, RGTI) captures this rotation. The narrative is "low context" and could be a short-lived fad similar to early AI hype cycles. |
Unchained (Chopping Block)
Epstein's Crypto Ties Revealed + Why Everyone...
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Jan 29, 2026
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LONG
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"Crypto is boring... everyone's levering silver now." Gold is at $5,100. Speculators are explicitly saying, "I'm not trading crypto right now, I'm trading silver." Crypto traders are "volatility junkies." When crypto volatility dies (the current "doldrums"), this capital doesn't sit in cash; it seeks the next most volatile asset. Currently, that is Precious Metals (PMs). This introduces a new, aggressive class of buyer to the commodities market, driving parabolic moves. LONG. Follow the flow of speculative liquidity. Regulatory crackdown on RWA (Real World Asset) perps or a sudden return of volatility to BTC, which would suck liquidity back out of metals. |
Unchained (Chopping Block)
Crypto Is Boring… So Everyone’s Levering Silv...
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Jan 29, 2026
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WATCH
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Crypto is launching tokens for every AI narrative (Maltbot, Ralph). These tokens are trading on pure sentiment regarding the AI agents' performance. This is the "Casino" behavior of crypto manifesting in AI. As "Maltbot" (Claude) continues to automate jobs and generate headlines, the associated memecoins will act as a high-beta proxy for the AI agent's popularity. WATCH. Purely speculative gambling instruments, but highly correlated to AI news cycles. Rug pulls, copyright strikes, or the AI model falling out of favor (e.g., getting replaced by GPT-6). |
Unchained (Chopping Block)
Crypto Is Boring… So Everyone’s Levering Silv...
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Jan 29, 2026
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NEUTRAL
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"They've completely forgotten about crypto... I don't want to play with you anymore." Bitcoin is failing to act as a macro hedge (gold) or a risk asset (NASDAQ). Asset classes require narrative momentum. Bitcoin currently has none ("Apathy Phase"). The "Toy Story meme" reference implies that the capital allocators have mentally moved on to AI and Commodities. Without a narrative driver, price action will remain stagnant or bleed. AVOID. Opportunity cost is too high while liquidity is flowing elsewhere. A sudden macro shock re-ignites the "hard money" thesis for Bitcoin. |
Unchained (Chopping Block)
Crypto Is Boring… So Everyone’s Levering Silv...
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