Public trading strategy
Crypto and tech are both in 'extreme fear' — short the Nasdaq as the double-sell
Thesis
The combination of Bitcoin's crash to $58K, Microsoft's historic June rout, and a two-decade-high tech fear gauge signals a coordinated risk-off event. Bitcoin dropping to 21-month lows confirms 'extreme fear' is spreading beyond just stocks. Microsoft's selloff specifically shows that even mega-cap tech is losing its safe-haven status as investors reject massive AI spending. When the fear gauge is this elevated and Bitcoin confirms the panic, the downward momentum typically continues.
Strategy approach
Build a momentum strategy that enters short QQQ (Nasdaq ETF) when it makes a 10-day low and Bitcoin closes below $60,000 on the same day. Exit on a 3% bounce or hold for 15 trading days with a 4% stop.