And what do we have HERE? I’ll be buying more MARA puts, thank you very much.

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I think everyone here is pretty much clear on how thesis that crypto is representative of the animal spirits of the investment world, and following crypto is pretty much the only way to monitor these spirits 365 days a year, 24 hours a day. I think Ethereum ($ETH) in particular is a valuable gauge, so let’s take a fresh look as to where it is at:

Cryptocurrencies have one true purpose, which is to serve as a ceaseless measurement of the animal spirits of the retail investing world. My view is that the already-battered crypto space, which has plunged by literally trillions already, is about to take another wretched leg down, which will be a delight to the eyes of the three bears left on Earth.

Since this market seems impossible to hold down for more than a few moments, let’s direct our attention to the animal spirits of crypto to see what they’re saying.
We begin with Ethereum:
