This Is The Time...
Investors,
First of all, I hope you made it through this past week relatively unscathed.
Action in the stock market was volatile, but saw the Dow Jones, the Russell 2000, the equal-weight S&P 500, value stocks (VTV), & industrials (XLI) all close at record highs.
Unfortunately, volatility for Bitcoin was decisively negative & saw record liquidations.
With Bitcoin crashing to lows of $60,001 on Coinbase, the damage was severe.
The need for a defensive posture is more apparent than ever, which has confirmed the bearish stance on Bitcoin that I’ve been sharing since November 2025 at $97k and cemented the importance of the Bear Market Playbook that I shared at that time.
Thankfully, my message has been consistent and I gave an interview earlier this week to explain exactly why I’ve been bearish, what will make me bullish, and my general expectations for this bear market.
This one-hour chat with Joe Consorti, filmed on Wednesday, explains all of my views:
Go watch the interview on YouTube and let me know what you think!
This is the time to lock in.
This is the time to embrace nuance.
This is the time to have a plan, based on data.
Best,
Caleb Franzen,
Founder of Cubic Analytics
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DISCLAIMER:
This report expresses the views of the author as of the date it was published, and are subject to change without notice. The author believes that the information, data, and charts contained within this report are accurate, but cannot guarantee the accuracy of such information.
The investment thesis, security analysis, risk appetite, and time frames expressed above are strictly those of the author and are not intended to be interpreted as financial advice. As such, market views covered in this publication are not to be considered investment advice and should be regarded as information only. The mention, discussion, and/or analysis of individual securities is not a solicitation or recommendation to buy, sell, or hold said security.
Each investor is responsible to conduct their own due diligence and to understand the risks associated with any information that is reviewed. The information contained herein does not constitute and shouldn’t be construed as a solicitation of advisory services. Consult a registered financial advisor and/or certified financial planner before making any investment decisions.
Each investor is responsible to understand the investment risks of the market & individual securities, which is subjective and will also vary in terms of magnitude and duration.