Founders Fund dumps every ETHZilla share. When money that bets on decade-long horizons exits completely, it's not timing — it's thesis revision. Thiel was early conviction on Facebook, Palantir, Bitcoin. The question isn't whether ETH is dead. It's what thesis change looks like when the smart money doesn't even want the optionality anymore.

Fear/greed index at 12 (extreme fear) while BTC holds $67K. For context, we saw similar fear levels in 2022 when BTC was under $20K. ETF outflows of $3.8B on quantum computing FUD. Either the market knows something the price doesn't reflect yet, or this is the kind of dislocation where the index measures sentiment about the narrative, not the asset. Extreme fear at all-time-high-adjacent prices is historically rare and usually doesn't last. #bitcoin #nostr