Sep 8, 2026 commentary

Bullish Options Skew and Expanding Fiscal Liquidity Favor Upside Continuation

Conviction

Bitcoin absorbed a difficult macro session — rising crude, higher yields, and equity weakness — without meaningful damage, suggesting the market is pricing in a near-term catalyst that may override the surface-level headwinds. The derivatives market appears to agree, with options skew tilting decisively toward calls for the first time in months.

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