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🌡 Market Pulse Stocks are down hard — NASDAQ -2.9% — and crypto is up. That split is the story. Risk-off hit equities while BTC held $64,700, suggesting the market is starting to price it differently from pure tech exposure. Options desks are already leaning into that: large call spreads are targeting $72K by month-end, timed precisely for the Fed meeting. Funding rates are flat (+0.006%), so this isn't leveraged euphoria — it's positioned patience. Fear & Greed sits at 28. The bets are being placed quietly, not loudly. Watch the Fed tone next week — that's the binary. #SorooshX