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Spain’s Strategic Petroleum Products Reserves Corporation said Spain’s crude oil imports in May rose 8.2% year on year to 5.2 million tons. According to Jin10, the statement attributed the data to Spa

Spain’s May Crude Oil Imports Rise 8.2% Year on Year to 5.2 Million Tons

World Cup Predictions: 100,000 USDT DailyWorld Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it mea

World Cup Predictions: 100,000 USDT Daily

HTX Invites You to Share 600K USDT in Gift Packs

Bitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it means.Bitcoin $BTC$62,867.66 has dropped by 28% so far this year, a brutal slide that looks even worse through the lens of the Sharpe Ratio, a metric professional investors use to determine what slice of their portfolio should be allocated to a specific asset.

The Sharpe Ratio is the gold standard for measuring risk-adjusted returns and was developed by Nobel Prize-winning economist William F. Sharpe.

Bitcoin's 365-day rolling Sharpe Ratio plummeted to -21 at the end of June, the lowest since late 2022, according to data source CryptoQuant. It was recently hovering just short of -20.

This deeply negative reading indicates that a bitcoin investor over the period took on extra market volatility while generating a return far worse than they could have earned on a risk-free investment, such as the 10-year U.S. Treasury note. The benchmark bond recently offered a yield of around 4.45%.


$BTC's Sharpe Ratio slides to nearly -20. (CryptoQuant, Joao Wedson)
The Sharpe Ratio is calculated by subtracting the risk-free rate from the asset's total return over a specific period, then dividing the result by the asset's standard deviation (a measure of price volatility). A positive ratio means investors are being rewarded for taking the volatility risk. A negative ratio suggests they are being punished.

Professional investors don't just look at a coin's price relative to its long-term average to assess whether it's cheap. They use metrics such as the Sharpe Ratio to determine position sizing.

Imagine two coins: A and B. Coin A has fallen 30% from its recent high, but in a fairly steady way. Coin B has also fallen 30%, but its price is all over the place, jumping up and down by big percentages every day. Looking only at the drop from the high, both coins look equally “cheap.”


Bitcoin's Sharpe Ratio slides to lowest since 2022

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Invites You to Share 600K USDT in Gift PacksCantor says Strategy's recovery hinges on restoring STRC to parCan

BTC Prophet: 20-Day 380 Million HTX Challenge

Cantor says Strategy's recovery hinges on restoring STRC to parCantor said Strategy's (MSTR) top priority is restoring its STRC preferred stock to par, arguing that doing so is key to restarting the company's bitcoin BTC$61,590.10 acquisition engine and strengthening its capital structure.

After meeting with Executive Chairman Michael Saylor, the Wall Street investment bank said it came away more confident in management's plan to stabilize the balance sheet and revive capital raising.

In early Monday trading, STRC changed hands at $87.79, bitcoin was near $61,800, and MSTR was down 3.4% at $97.34. Just minutes ago, Strategy announced the sale of $216 million of bitcoin, with the cash to be used to fund STRC dividends.

Rather than viewing preferred holders, common shareholders and bitcoin investors as competing interests, the bank argued STRC is the foundation of Strategy's funding model.

"This makes it a good time to either buy STRC—capturing both the spread to par as well as the instrument’s substantial yield—or to buy shares of MSTR common—which should rally as the overall capital structure moves to firmer footing," analysts led by Ramsey El-Assal said in the Monday note to clients.

The analysts expect the company to keep increasing cash reserves backing STRC dividends until the preferred trades back at par, calling the recent increase from roughly 10 to 18 months of dividend coverage the first step in that process. Management could take additional actions, including buybacks if necessary, but cash reserves are viewed as the primary tool.

The report also dismissed concerns over Strategy's upcoming convertible debt maturities, saying the company should either restart its STRC-driven capital engine before major repayments come due or refinance the debt.



Cantor says Strategy's recovery hinges on restorin

😤 OPEN is bleeding with 52% bids... Layer 1 dipping — but buyers are lurking. 📉 LONG $OPEN 🚀 Entry: 0.1575 – 0.1578 🛑 SL: 0.1550 🎯 TP: 0.1610 ✅ TP (i): 0.1595 ✅ TP (ii): 0.1602 ✅ TP (iii): 0.1610 #Kos

On July 6, according to data from CoinGlass, Bitcoin ETFs entered the holiday weekend with a positive trend. On July 2, these ETFs recorded a net inflow of $223.5 million, marking the first such influ

Bitcoin ETF Records Net Inflow for the First Time in a Month

Bond markets opened the week with movements that were again out of sync with the broader gains in equities as yields edged higher into a week bereft of economic data and investors focused firmly on th

Bonds Are Flashing a Warning to the Stock Market as Earnings Season Approaches

HTXCommunity4thAnniversary

HTX Invites You to Share 600K USDT in Gift PacksPost To Earn BonusHTX Creation Challenge — Post and Win 1,500U 💥BlackRock’s 2% Bitcoin cap has a hidden impact – advisors may have to sell during rallie

HTX  Creation Challenge — Post and Win 1,500U 💥

BlackRock’s 2% Bitcoin cap has a hidden impact – advisors may have to sell during ralliesBlackRock’s 1% to 2% Bitcoin range signals advisor adoption, but it also sets a ceiling for portfolio sizing.
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Once BTC rallies inside a model portfolio, advisors may trim, hedge, or use new cash flows to keep allocations on target.
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The unresolved issue is whether Bitcoin stays a managed sleeve or becomes a recurring source of selling when model bands are tight.BlackRock's 1% to 2% Bitcoin allocation range reads as a bullish nod to advisor adoption, but it also works as a boundary. Once Bitcoin is included in a model portfolio, its upside runs through rebalancing bands, tax location, and sometimes a loan that keeps the position intact.

BlackRock Investment Institute frames 1% to 2% as a reasonable multi-asset range, provided the investor believes in continued adoption and can stomach sharp drops.

The firm sizes the position based on its contribution to overall portfolio risk, and that risk climbs quickly in a standard 60/40 mix. A 1% Bitcoin allocation adds roughly 2% to total portfolio risk, a 2% allocation adds roughly 5%, and a 4% allocation adds roughly 14%.That risk math turns the ceiling into a live decision point. If Bitcoin outruns stocks and bonds within the model, an advisor can trim it, let it drift, hedge it, or move exposure elsewhere.

A 2% Bitcoin sleeve needs roughly a 51.5% gain, with the rest of the portfolio flat, to drift to 3%. It needs roughly a 104% gain to drift to 4%, the point at which resetting the position to 2% would mean selling almost half the sleev

BlackRock’s 2% Bitcoin cap has a hidden impact – a

HTX Invites You to Share 600K USDT in Gift PacksHTX Creation Challenge — Post and Win 1,500U 💥Post To Earn Bonus The transaction was flagged yesterday and the math behind it was brutal. At $2.01 milli

The transaction was flagged yesterday and the math behind it was brutal. At $2.01 million for 5,776 tokens, the trader paid an effective price of roughly $348 per $LIT, about 140 times the token’s market price of $2.46 at the time of the trade. Had the same 1,126.44 $ETH, implying an ether price near $1,784, been routed through a deep venue at market rates, it would have bought roughly 817,000 $LIT. The wallet received 5,776.Onchain data showing 1,126.44 $ETH ($2.01M) being swapped for only 5,776 $LIT ($14,208), resulting in a $2M loss.

Losses of this scale typically occur when a large market order is routed through an onchain liquidity pool with minimal depth and no slippage protection. Slippage refers to the gap between a trade’s expected price and its executed price; most decentralized exchange ( DEX) interfaces let users cap it, automatically canceling any order that would move the market beyond a set percentage. Whether the trader disabled that protection or used a custom route remains unclear.

The setup was especially dangerous because $LIT’s float is unusually tight, given roughly 57% of the circulating supply is staked and another 145 million $LIT sits locked in liquidity programs (while the token’s deepest markets sit on centralized exchanges and on Lighter’s own platform rather than in public pools).

In those conditions, a $2 million market order can exhaust a pool’s inventory within a single block, with arbitrage and maximal extractable value (MEV) bots capturing the difference almost instantly.

Lighter is an Ethereum-based decentralized exchange focused on perpetual futures, the derivatives category that turned rival Hyperliquid into one of crypto’s defining stories. The project describes itself as “the first exchange to offer verifiable order matching and liquidations while delivering best-in-class performance on par with tradition

Trader Turns $2 Million of ETH Into $14,208 as Lig

$ARB is showing some serious weakness right now, man. Honestly, I'm leaning short here. The candles keep printing these long upper wicks, meaning supply's stepping up hard at the range top. Also, the 

$AAPL {future}(AAPLUSDT) Chinese electronics manufacturer Luxshare Precision Industry is reportedly set to price its Hong Kong share offering at the top end of its indicated range, reflecting strong i

Luxshare Expected to Price Hong Kong Listing at Top End Amid Strong Investor Demand

JUST IN: Fed FOMC minutes due this week amid a slate of US data; macro backdrop could steer risk assets, while SpaceX joins Nasdaq 100 with ~18.7k BTC on hand, marking another crypto-adjacent move in broad indices. $BTC$SPX? (limit 2 emojis)

JUST IN: Fed FOMC minutes due this week amid a slate of US data; macro backdrop could steer risk assets, while SpaceX joins Nasdaq 100 with ~18.7k BTC on hand, marking another crypto-adjacent move in broad indices. $BTC$SPX? (limit 2 emojis)  <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2026-07/56c089b8baa14b7f8a20f6c1cebd53be.jpg" alt="" /></div><br />

US CFTC Launches Broad Investigation into Polymarket, Is the Prediction Market Party Coming to an End?

How Collector Crypt Uses 'Recirculating Buybacks' to Create an Illusion of Growth

Ethereum Sheds Its Load? What Ethereum Supporters Think About the Lean Ethereum Upgrade and the Future Market

Reviewing 8 'Cash Cow' Projects in the Bear Market: The Leader Repurchased $283 Million Worth This Year

Gemini 3.5 Pro Top Secret Leak, Front-end Capabilities Surpass Fable 5

The World's First AI Philosopher, 9 Years at Google DeepMind: Advocating for AGI Safety

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