Hivemind: Will 2026 Be Bullish & Crypto's Token vs Equity Problem
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Nothing set on the hive mind as a recommendation to buy or sell securities or tokens. This podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our own opinions, not financial advice. Hi, everyone, and welcome to another episode of the Hive Mind podcast. The goal of the podcast is to provide an inside look into what we like to call the Delphi Hivemind, bringing together some of our brightest minds from each of the divisions to share insights, alpha, and shitposts. Today with us, we have Cederis for institutional research arm, Jan, Managi
He's he's an official mainstay now.
He's an official mainstay now. Yeah. That's right. Do we do we need to do we need to address that?
No. No. He's just, know, head of markets. Markets is an important part of Delphi. You know? So Alright. He's an official hive minder.
Alright. I'm sure we'll be bringing Flood back from some for some guest appearances now and then. He he doesn't miss it. He won't miss a chance, especially when we're talking Galaxy or some other one of his bags. Cool. So it's been it's been a good few days. At time of recording, we've retraced some of that some of that goodness. So we're recording at 03:38 UTC on a on a on a Wednesday, and crypto has just started going down after after a good few days, which is unfortunate. There's a lot of stuff to cover today. There's actually some some real stuff happened since our last episode, but maybe
Yeah. Sure. Yeah. No. The start of the year was was kinda nice. Right? We we rallied a bit, and then the nine thirty New York open seller returned, again yesterday and and again today to pick up where he left off pretty much every day for the last three months, it seems, heading into the end of the year. So, I mean, I I think I think the market kinda maybe got over its skis a little bit when you got, like, that MSCI announcement the other day. You saw, like, a really quick pop. A lot of a lot of people put on some leverage and stuff at the, you know, the highest point in the last several month
Yeah. No. I I think you had if you were to kinda think for a look for a proxy, you'd think of '22, right, where you had a rough end of year, and so you have your natural tax loss harvesting and a lot of people selling to to to do that. And and right afterwards, you kind of see those anticipation of that bidding. And so I think you had a repeat of that where, you know, some of this positioning is long term, some of it is is strictly trade based. We were chatting earlier. It's like, you don't love to see equities up and and crypto down because then you you you know it's very symptomatic to just
Yeah. I don't know. I don't know if I have much much to say there. I do think that, you know, in like November and then December, just like the consistent selling we had every day, there was like a lot of new, like, long term conclusions, I guess, people were were coming to with crypto that I was like, I don't know if this is like like with valuations and with like, you know, how to how to value these things, you know, or like L1 tokens dead forever, stuff like this. I think sometimes like they're really strong, price moves in one direction. You can kinda like overshoot some of that stuff in s
like me don't want Fark coin on your on your LP statement at the 2020.
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