
Wall Street’s Making Fresh Highs—But I’m Not Convinced Bitcoin Will Tag Along (Yet)
S&P 500 futures keep smashing records, but Bitcoin is lagging below $58k. I see shrinking liquidity, bearish option skews, and miners dumping as bigger tells than Wall Street’s euphoria. Seasonally weak Q3 plus tepid ETF inflows make me skeptical of an imminent breakout. I’m hedging with covered calls and waiting for either a flush to $49k or a convincing reclaim of $63k before turning bullish.