EricaHazel

Crypto has gone from one of the hottest markets to the worst-performing major asset class since January 2025.
Here’s the performance gap:
• Silver: +107%
• Copper: +66%
• Gold: +60%
• Nasdaq: +38%
• Russell 2000: +31%
Meanwhile:
• Bitcoin: -35%
• Ethereum: -47%
• Altcoins: -57%
That kind of divergence is hard to ignore.
Crypto has been heavily repriced while traditional assets continued pushing higher.
If the market eventually rotates back into risk assets, crypto could have some serious catching up to do.
Undervalued or simply out of favor? That’s the question.

Next week could be one of the biggest volatility tests in months.
• Tariffs
• US-Iran tensions
• FOMC decision
• BOJ meeting
Four major macro catalysts. One week.
Stay patient, manage risk, and don't underestimate headline-driven volatility.

$BTC futures demand has turned positive again, but the setup looks very different from what we saw in May.
Open interest and speculative positioning remain well below previous highs, which suggests the market isn't overly crowded yet.
That matters because strong trends often have more room to develop before excessive leverage and euphoria take over.
For now, demand is returning without the same level of speculation. A healthier backdrop and one worth paying attention to.