Capital Flows Research - an anonymous institutional-style macro researcher (pen name "Capital Flows", first name Christian) publishing a daily actionable map of rates, credit, FX, equities and crypto on Substack, with weekday livestreams and a paid Discord.
Hyperliquid sits at the nexus of US financial disruption and absorbs risk-seeking capital in a credit melt-up
Software broadly leads the AI commodity-style rally even as rates rise
Rising call skew plus low float sets up a gamma squeeze pushing PURR to a huge multiple of underlying
Oracle long keeps running as AI capex behaves like a commodity market, software leads
Oracle is a prime AI reflexivity-loop bet tied to the same credit-cycle melt-up.
PURR is a low-float coiled spring set for a GME-style gamma squeeze as higher strikes list.
Credit cycle melt-up pushes capital out the risk curve, keeping equities grinding higher before any crash.
Surplus liquidity forces covering in low-quality high-short-interest small-caps, fueling a Russell 2000 melt-up.
PURR is the only treasury company net-long its own asset, a structural edge that should outperform peers.
Sovereign debt risk reprices currencies, not commercial leverage. Fiat debasement drives gold structurally higher.
Hyperliquid brings institutional-grade leverage to retail, lowering the global cost of leverage; long the protocol.
