bitcoin:native I’m still standing by this as my primary thesis. TradFi has recovered incredibly well, but as shown in the example below, I still believe the next major low, wherever it forms, likely comes alongside one final drop in the S&P 500. This setup could take time to fully develop, potentially over the coming months, but from a HTF perspective, this remains the main scenario I’m focused on right now through this year. I’m still holding a half-sized short position in case we see something along these lines play out. If not, I’ll reassess around late Q3 to early Q4. Timing a top in legacy is extremely difficult, which is why I usually avoid making strong predictions around it. However, if history is any indication, we’ll likely see some form of panic or negative news catalyst that leads to a pullback in TradFi & BTC likely follows where it forms the next low before new highs.(Killa)