Luke ₿ retweeted
Ugly day in the market today.
Charleston AI is down -15% after reporting a weaker than expected 4Q guide.
Luke ₿ retweeted
- new ledger supply chain compromise (singapore this time)
- all tech stocks doing a genuine great depression-level -30% candle at close (basically whatever people expected for black monday, squared)
- polymarket: "yeah a million people just got hacked"
- binance: "oh yeah we're getting hacked too"
all against a backdrop of many, many weeks of market weakness + back-to-back existential fud in the form of quantum + "AI is going to break cryptography"
if i had no awareness of crypto charts since summer, and you told me "BTC put in a new low at 45k", i'd be like "oh yeah, that makes sense"
the fact that we just now are wicking to below 79k is fucking astonishing
i maintain that btc is a beach ball under water. it doesn't need unprecedent-great stuff to happen, it just needs to have stuff from the above list (typically once-a-year events) to stop happening every 24 hours.
Luke ₿ retweeted
Midterm elections are a great buying opportunity for the bulls. 6 months after midterms, the S&P 500 $SPX was never negative and gained a median of 16.9%.
None of the 19 cases saw a 20%+ bear market in the next six months. The median peak to trough decline was 6.1%.
ALT Chart showing S&P 500 performance over the six months following midterm elections since 1950. The index gained in all 19 instances, with a median return of 16.9%. None experienced a bear market exceeding 20%, while the median peak-to-trough drawdown was 6.1%.
Luke ₿ retweeted
Octoberphobia giving way to a year-end rally? The Halloween Trade and post-midterm election rally have historically aligned with a bullish stretch for stocks. Here's how 2026 is shaping up. jeffhirsch.tumblr.com/post/8…
Chamath/jason both just coming out saying BTC is going to zero & Elon saying all the Neo clouds are going to zero is a news failure if I’ve ever seen one.
Luke ₿ retweeted
It's funny how nobody posts this slop thing anymore because it no longer fits their narrative.
If someone you follow posted it repeatedly when it was < 2% but doesn't post it now, you have identified someone with a bias.
Luke ₿ retweeted
We believe the bottom is in, selling pressure has diminished, the debasement case has strengthened, and the crowd has left
