To The Moon

Last night, I hosted a live session on Tiger’s futures platform titled Global Multi-Asset Allocation Strategy. The session covered global macro conditions, U.S. equities, gold, and Bitcoin, with a focus on the market’s key tensions, potential risks, and corresponding trading ideas. For those who were unable to attend the live session, the replay is available here >>> U.S. Stocks: Will Semis Drag Markets Lower Again? Bitcoin: Escape Hatch or Bomb? Below, I have organized the key information and trading-related views from the session to help readers who did not have time to attend quickly understand my current market perspective. Before that, let me briefly introduce my background. I am currently a contracte

Late August is typically when the world’s central banks hold a major annual gathering. The Federal Reserve—the “central bank of the world,” as it is sometimes described—is the central figure at the event, and remarks from the Fed Chair are often viewed as a briefing to central banks around the world on the Fed’s policy path. At present, the financial market’s primary concern is whether the Federal Reserve will raise interest rates and, if so, when. That is why Fed Chair Kevin Warsh’s hawkish remarks last week had a significant impact on market expectations. The most direct result was that, following Warsh’s speech in Jackson Hole on August 28, 2026, the interest-rate futures-implied probability of a September rate hike rose from approximately 35% the previous day to nearly 60%. A rate hike

$COIN 20260828 185.0 CALL$ pls continue this rally

In this article we would like to share our analysis which reveals three primary pillars underpinning the rally: Leveraged Balance Sheet Convexity: $Strategy(MSTR)$ acts as a high-beta surrogate for Bitcoin due to its capital structure, low-coupon convertible debt, and market Net Asset Value (mNAV) premium dynamics, yielding an operational beta multiplier exceeding 5.0x during the session. Pivotal Regulatory Breakthrough: The U.S. SEC’s August 18, 2026 proposal of Regulation Crypto Assets introduced structured capital-raising exemptions ($5M startup and $75M fundraising tiers) and a clear "Investment Contract Safe Harbor," drastically reducing legal tail risk and validating corporate digital asset treasuries. Strategic USD Cash Reserve Pivot: In Au

Bitcoin short

Different Assets, Completely Different Macro Drivers The key to choosing between Strategy, Coinbase, or Circle is recognizing that they are not playing the same macro game: Strategy & Coinbase (Direct Crypto Beta): These are pure momentum plays on Bitcoin’s spot liquidity and total crypto market volume. When Bitcoin tests major psychological levels like $80K, leverage and fee revenues spike instantly. Circle (Interest Rate & Structural Payment Play): Circle’s model is heavily tied to yields on its reserve backing (T-bills and cash equivalents). A hawkish Fed holding yields high provides direct income tailwinds, whereas aggressive rate cuts compress net yield margins. This explains the 115% spread between Wolfe’s bearish $65 target (rate-cut pressure & margin compression) and Be

While Circle's structural divergence makes for a fascinating macro debate, Strategy remains the premier play here for pure beta. The 115% analyst target gap on Circle highlights how sensitive its reserve-interest model is to monetary policy—rate cuts shrink yield revenue even as volume expands. Strategy, by contrast, operates as a leveraged proxy for pure digital asset adoption, with Canaccord's upgraded $175 target reflecting a battle-tested balance sheet and direct tailwinds from Bitcoin breaching key resistance levels. For traders seeking direct upside from crypto market momentum, Strategy offers the cleanest directional exposure without the monetary policy drag weighing down stablecoin issuers.

Bitcoin’s recent rejected breakout above $80,000 signifies structural exhaustion in spot leverage, signaling that a tactical correction and liquidity re-accumulation phase down toward key technical moving average clusters ($72,000–$74,500) is required before a sustainable bullish expansion can resume. In this article, we would like to share how we analyses the current interplay between cryptocurrency asset dynamics, public equity valuations in digital financial infrastructure, and broader macroeconomic catalysts driven by mega-cap technology earnings. Following Bitcoin’s brief breach of the $80,000 threshold and a subsequent tactical pull-back, market attention has polarized around the valuation trajectory of $Circle Internet Corp.(CRCL)$ Circle I

I think is a great way to save the planet 

wow look at this, it's just absolutely stunning how much this has boosted in price and the earnings people Have made

BTC UP

A weaker dollar, renewed ETF inflows and improving U.S. regulatory expectations have pushed Bitcoin back toward $80,000. The next test is whether real spot demand can sustain the rally after the initial burst of enthusiasm. Bitcoin briefly traded above $80,000, reaching an intraday high of $81,237—its highest level since mid-May. BTC has gained roughly 28% in August, putting it on track for its strongest monthly performance since November 2024. It has since pulled back toward $78,000, showing that the $80,000–$81,200 zone remains a meaningful resistance area. What is driving the rally? 1. The “debasement trade” is back The U.S. Treasury’s expanded purchases of longer-dated government bonds have helped ease bond yields, but they have also added pressure to the dollar. When investors become

Hello. Nvidia does not report until after tonight's US close. Not one of Tuesday's five biggest gainers rose because of it. $NVIDIA(NVDA)$ itself closed up 2.19 per cent at US$213.05, snapping a seven-session losing streak, and added 0.29 per cent after hours. The indices rose with it: $S&P 500(.SPX)$ up 0.32 per cent and $Invesco QQQ(QQQ)$ 0.62 per cent, with coverage noting $Dow Jones(.DJI)$ had posted a third straight triple-digit gain. On the results themselves, the options market is pricing a swing of about US$280 billion in market value, with anothe

Hi Tigers 🐯, Welcome to "What the Tigers Say." 👋 Last week, market attention shifted from the Fed to the Treasury after expanded long-term Treasury buybacks sparked fresh debate across $Gold.com(GOLD)$, crypto, and equities. While gold responded quickly to the liquidity signal, three Tigers looked deeper into whether the move represents a sustainable opportunity or a temporary market reaction. Before the market made its next move, the community had already broken down the key questions. Let’s revisit three perspectives from @Ivan_Gan, @程俊Dream, and

Will this rally last for helping long term growth.

MSTR +24% Bitcoin Rally: Still Worth Chasing? Strategy just reminded the market why MSTR is one of the highest-beta ways to play Bitcoin. Bitcoin has ripped ~24% recently, pushing Strategy’s 840,447 BTC holdings back above their aggregate cost basis. MSTR followed with a 2.83% gain Monday — but the bigger story is the $2B capital raise. Here’s the bullish part: Strategy now has roughly $6.69B of USD liquidity, including a newly created $1.59B cash pool. That gives Saylor dry powder to buy Bitcoin, repurchase securities, or exploit market dislocations. And this is why I’m still bullish on MSTR: BTC goes up → MSTR’s asset base strengthens → capital becomes easier to raise → more BTC can potentially be accumulated → BTC exposure per share can compound. That reflexive loop is the entire MSTR t

Bitcoin has recovered from below $70,000 to approximately $80,250 in less than a week, but the character of the move matters more than the round-number breakout. The rally began with policy headlines and short-covering; it becomes more durable only if spot-exchange-traded-fund demand continues after the forced buyers have finished. The immediate trigger arrived on August 19, when the US Treasury said it would double the size of buybacks for longer-dated government debt. The intervention followed a bond selloff that had pushed the 30-year yield to its highest level since 2007. Lower long-term yields and a softer dollar improve the relative appeal of assets that do not generate income, including Bitcoin and gold. President Donald Trump also urged lawmakers to pass a version of the CLARITY Ac

Last night, I hosted a live session on Tiger’s futures platform titled Global Multi-Asset Allocation Strategy. The session covered global macro conditions, U.S. equities, gold, and Bitcoin, with a focus on the market’s key tensions, potential risks, and corresponding trading ideas. For those who were unable to attend the live session, the replay is available here >>> U.S. Stocks: Will Semis Drag Markets Lower Again? Bitcoin: Escape Hatch or Bomb? Below, I have organized the key information and trading-related views from the session to help readers who did not have time to attend quickly understand my current market perspective. Before that, let me briefly introduce my background. I am currently a contracte

Late August is typically when the world’s central banks hold a major annual gathering. The Federal Reserve—the “central bank of the world,” as it is sometimes described—is the central figure at the event, and remarks from the Fed Chair are often viewed as a briefing to central banks around the world on the Fed’s policy path. At present, the financial market’s primary concern is whether the Federal Reserve will raise interest rates and, if so, when. That is why Fed Chair Kevin Warsh’s hawkish remarks last week had a significant impact on market expectations. The most direct result was that, following Warsh’s speech in Jackson Hole on August 28, 2026, the interest-rate futures-implied probability of a September rate hike rose from approximately 35% the previous day to nearly 60%. A rate hike

$COIN 20260828 185.0 CALL$ pls continue this rally

In this article we would like to share our analysis which reveals three primary pillars underpinning the rally: Leveraged Balance Sheet Convexity: $Strategy(MSTR)$ acts as a high-beta surrogate for Bitcoin due to its capital structure, low-coupon convertible debt, and market Net Asset Value (mNAV) premium dynamics, yielding an operational beta multiplier exceeding 5.0x during the session. Pivotal Regulatory Breakthrough: The U.S. SEC’s August 18, 2026 proposal of Regulation Crypto Assets introduced structured capital-raising exemptions ($5M startup and $75M fundraising tiers) and a clear "Investment Contract Safe Harbor," drastically reducing legal tail risk and validating corporate digital asset treasuries. Strategic USD Cash Reserve Pivot: In Au

Bitcoin’s recent rejected breakout above $80,000 signifies structural exhaustion in spot leverage, signaling that a tactical correction and liquidity re-accumulation phase down toward key technical moving average clusters ($72,000–$74,500) is required before a sustainable bullish expansion can resume. In this article, we would like to share how we analyses the current interplay between cryptocurrency asset dynamics, public equity valuations in digital financial infrastructure, and broader macroeconomic catalysts driven by mega-cap technology earnings. Following Bitcoin’s brief breach of the $80,000 threshold and a subsequent tactical pull-back, market attention has polarized around the valuation trajectory of $Circle Internet Corp.(CRCL)$ Circle I

Hi Tigers 🐯, Welcome to "What the Tigers Say." 👋 Last week, market attention shifted from the Fed to the Treasury after expanded long-term Treasury buybacks sparked fresh debate across $Gold.com(GOLD)$, crypto, and equities. While gold responded quickly to the liquidity signal, three Tigers looked deeper into whether the move represents a sustainable opportunity or a temporary market reaction. Before the market made its next move, the community had already broken down the key questions. Let’s revisit three perspectives from @Ivan_Gan, @程俊Dream, and

A weaker dollar, renewed ETF inflows and improving U.S. regulatory expectations have pushed Bitcoin back toward $80,000. The next test is whether real spot demand can sustain the rally after the initial burst of enthusiasm. Bitcoin briefly traded above $80,000, reaching an intraday high of $81,237—its highest level since mid-May. BTC has gained roughly 28% in August, putting it on track for its strongest monthly performance since November 2024. It has since pulled back toward $78,000, showing that the $80,000–$81,200 zone remains a meaningful resistance area. What is driving the rally? 1. The “debasement trade” is back The U.S. Treasury’s expanded purchases of longer-dated government bonds have helped ease bond yields, but they have also added pressure to the dollar. When investors become

Hello. Nvidia does not report until after tonight's US close. Not one of Tuesday's five biggest gainers rose because of it. $NVIDIA(NVDA)$ itself closed up 2.19 per cent at US$213.05, snapping a seven-session losing streak, and added 0.29 per cent after hours. The indices rose with it: $S&P 500(.SPX)$ up 0.32 per cent and $Invesco QQQ(QQQ)$ 0.62 per cent, with coverage noting $Dow Jones(.DJI)$ had posted a third straight triple-digit gain. On the results themselves, the options market is pricing a swing of about US$280 billion in market value, with anothe

Bitcoin has recovered from below $70,000 to approximately $80,250 in less than a week, but the character of the move matters more than the round-number breakout. The rally began with policy headlines and short-covering; it becomes more durable only if spot-exchange-traded-fund demand continues after the forced buyers have finished. The immediate trigger arrived on August 19, when the US Treasury said it would double the size of buybacks for longer-dated government debt. The intervention followed a bond selloff that had pushed the 30-year yield to its highest level since 2007. Lower long-term yields and a softer dollar improve the relative appeal of assets that do not generate income, including Bitcoin and gold. President Donald Trump also urged lawmakers to pass a version of the CLARITY Ac

MSTR +24% Bitcoin Rally: Still Worth Chasing? Strategy just reminded the market why MSTR is one of the highest-beta ways to play Bitcoin. Bitcoin has ripped ~24% recently, pushing Strategy’s 840,447 BTC holdings back above their aggregate cost basis. MSTR followed with a 2.83% gain Monday — but the bigger story is the $2B capital raise. Here’s the bullish part: Strategy now has roughly $6.69B of USD liquidity, including a newly created $1.59B cash pool. That gives Saylor dry powder to buy Bitcoin, repurchase securities, or exploit market dislocations. And this is why I’m still bullish on MSTR: BTC goes up → MSTR’s asset base strengthens → capital becomes easier to raise → more BTC can potentially be accumulated → BTC exposure per share can compound. That reflexive loop is the entire MSTR t

Different Assets, Completely Different Macro Drivers The key to choosing between Strategy, Coinbase, or Circle is recognizing that they are not playing the same macro game: Strategy & Coinbase (Direct Crypto Beta): These are pure momentum plays on Bitcoin’s spot liquidity and total crypto market volume. When Bitcoin tests major psychological levels like $80K, leverage and fee revenues spike instantly. Circle (Interest Rate & Structural Payment Play): Circle’s model is heavily tied to yields on its reserve backing (T-bills and cash equivalents). A hawkish Fed holding yields high provides direct income tailwinds, whereas aggressive rate cuts compress net yield margins. This explains the 115% spread between Wolfe’s bearish $65 target (rate-cut pressure & margin compression) and Be

While Circle's structural divergence makes for a fascinating macro debate, Strategy remains the premier play here for pure beta. The 115% analyst target gap on Circle highlights how sensitive its reserve-interest model is to monetary policy—rate cuts shrink yield revenue even as volume expands. Strategy, by contrast, operates as a leveraged proxy for pure digital asset adoption, with Canaccord's upgraded $175 target reflecting a battle-tested balance sheet and direct tailwinds from Bitcoin breaching key resistance levels. For traders seeking direct upside from crypto market momentum, Strategy offers the cleanest directional exposure without the monetary policy drag weighing down stablecoin issuers.

wow look at this, it's just absolutely stunning how much this has boosted in price and the earnings people Have made

Bitcoin short

I think is a great way to save the planet 

Will this rally last for helping long term growth.

BTC UP