🚨 JUST IN: President Trump is SURGING TARIFFS on South Korea because they did not follow through on the historic trade agreement
Trump FAFO!
"South Korea's Legislature is not living up to its Deal with the United States. President Lee and I reached a Great Deal for both Countries on July 30, 2025, and we reaffirmed these terms while I was in Korea on October 29, 2025. Why hasn't the Korean Legislature approved it?
Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%.
Not Capitulation ! A Stress Test: What $1.73B in Crypto ETP Outflows Really Means
This wasn’t a rejection of crypto. It was a stress response. When $1.73B exits crypto ETPs in a single week, the instinct is to read panic into the tape. But the flow tells a more precise story. Pressure was released where it always is first: the most liquid wrappers. $BTC and $ETH absorbed the bulk of the exits not because conviction broke, but because allocators can reduce exposure there quickly, cleanly, and without making a philosophical statement. Look at the details. Outflows hit core beta, not the fringe. $SOL still recorded inflows even as total AUM compressed. Overall AUM dropped by roughly $15B—but that capital didn’t disappear. It repositioned. That distinction matters. In periods of rising macro uncertainty, portfolios don’t rotate ideologically. They rebalance mechanically. Core exposure gets trimmed to manage risk. Optionality is preserved. Marginal bets remain alive. This is how institutional risk management behaves under constraint. What we’re seeing is defensive flow, not capitulation. The market structure is familiar: Macro tightensLiquidity exits firstConviction pauses, it doesn’t breakPrice drifts sideways as positioning resets Sideways markets aren’t driven by a lack of capital. They’re driven by a lack of permission. Until macro signals loosen, flows remain reactive and selective rather than boldly directional. That’s not bearish. That’s consolidation under constraint. And historically, regimes like this don’t end with a bang. They end quietly—when no one’s watching, and positioning is already reset. #StrategyBTCPurchase