Quoth the Raven
· QTR’s Fringe Finance
· June 05, 2026 at 17:22
· ⏱ 1 min read
| Read on Substack ↗
Summary
The newsletter argues the current market selloff (Nasdaq down 3.3%, Bitcoin crashing to ~$60,000) is unsurprising because crypto leads risk-on/risk-off cycles, and warns against treating a 3% decline as a buy-the-dip opportunity given still-elevated valuations.
•By 1PM on June 5, 2026, the Nasdaq was down roughly 3.3%.
•Bitcoin crashed to around $60,000, down 42% over the last twelve months and 16% in the last five days.
•The author had flagged crypto as one of ten areas deserving extra caution back in October.
•The author dismisses the buy-the-dip narrative, arguing a 3% decline does not constitute attractive valuation.