<!--BRIEF_HERO:{"bias_label":"Strongly Bearish","long_pct":26.2,"long_opens":27,"short_opens":76,"net_long":-10,"net_short":18,"key_thesis":"Hawkish SNB rates and a staunchly bearish Radiant Pulse affirm short-biased crypto exposure today.","trade_ideas":[{"symbol":"MSTR","side":"short","rationale":"High Pulse activity on shorts, aligns with bearish macro outlook."},{"symbol":"TAO","side":"short","rationale":"Solely short activity on Pulse suggests strong bearish conviction."},{"symbol":"AIOT","side":"short","rationale":"High short volume on Pulse indicates negative sentiment."}],"top_symbols":[{"ticker":"TAO","long":0,"short":2},{"ticker":"IP","long":0,"short":3},{"ticker":"MSTR","long":0,"short":4},{"ticker":"PIPPIN","long":0,"short":6},{"ticker":"AIOT","long":0,"short":4}],"last_updated_utc":"2026-06-18T16:09:15.924Z","date_label":"June 18, 2026"}-->
The market is experiencing significant bearish pressure. Macro events and Radiant's internal trade flows show a strong preference for short positions. Watch key Swiss economic data releases.
## Macro calendar
### Yesterday — what already moved
- 🔴 High · **GBP** · 6:00am — CPI y/y
- 🔴 High · **USD** · 6:00pm — Federal Funds Rate
- 🔴 High · **USD** · 6:00pm — FOMC Economic Projections
- 🔴 High · **USD** · 6:00pm — FOMC Statement
- 🔴 High · **USD** · 6:30pm — FOMC Press Conference
- 🔴 High · **NZD** · 10:45pm — GDP q/q
- 🟡 Med · **EUR** · 10:50am — ECB President Lagarde Speaks
- 🟡 Med · **USD** · 12:30pm — Core Retail Sales m/m
### Today — watch list (times in ET)
- 🔴 High · **GBP** · 6:00am — Claimant Count Change
- 🔴 High · **CHF** · 7:30am — SNB Monetary Policy Assessment
- 🔴 High · **CHF** · 7:30am — SNB Policy Rate
- 🔴 High · **CHF** · 8:00am — SNB Press Conference
- 🔴 High · **GBP** · 11:00am — Monetary Policy Summary
- 🔴 High · **GBP** · 11:00am — MPC Official Bank Rate Votes
- 🔴 High · **GBP** · 11:00am — Official Bank Rate
- 🟡 Med · **GBP** · 6:00am — Average Earnings Index 3m/y
## Top closed trades (24h)
| Asset | Side | PnL | ROI on $700 |
|---|---|---|---|
| [TAC](/coins/tac) | LONG | +$120.10 | +17.16% |
| [MSTR](/coins/mstr) | SHORT | +$94.20 | +13.46% |
| [MRVL](/coins/mrvl) | LONG | +$75.30 | +10.76% |
## Open positions leading right now
| Asset | Side | Unrealized PnL | ROI |
|---|---|---|---|
| [AVGO](/coins/avgo) | LONG | +$40.41 | +3.80% |
| [META](/coins/meta) | SHORT | +$37.34 | +2.70% |
| [LITE](/coins/lite) | SHORT | +$30.20 | +1.97% |
| [DYM](/coins/dym) | SHORT | +$20.31 | +3.56% |
| [AMD](/coins/amd) | LONG | +$15.94 | +1.03% |
Federal Reserve officials are bolstering stablecoin oversight, with Jerome Powell supporting new policies, while Chair Kevin Warsh abstains. This, alongside new customer ID rules aimed at closing loopholes, suggests increasing regulatory scrutiny on the stablecoin sector. The move could impact how stablecoins interact with the broader financial system.
Algorand is charting a course towards quantum resistance by 2028, signaling a proactive stance against future technological threats. Meanwhile, Bybit's inclusion on Singapore's MAS Investor Alert List indicates heightened regulatory watchfulness in Asia, potentially impacting exchange operations and user confidence. These developments highlight a **complex regulatory and technological landscape** shaping the crypto space.
Today's macro calendar, dominated by Swiss National Bank rate decisions, coupled with Radiant's overwhelmingly short Pulse, paints a clear bearish picture. Traders should align with this sentiment. Stay defensive and manage risk closely. [explore Radiant algorithms](/algorithms).
## Sources tracked
Headlines from the last 24h were aggregated and analysed from CryptoPanic, CoinDesk, CoinTelegraph, Decrypt and Bitcoin Magazine. We summarise market-moving facts in our own words; we do not republish third-party content.
- **Decrypt** — Everyday Savers Bet Big on Bitcoin Giant Strategy's STRC—Now It's Falling
- **CoinDesk** — Ethereum Foundation loses another key leader as co-executive director Hsiao-Wei Wang resigns
- **Decrypt** — Jerome Powell Supports Fed's New Stablecoin Policies—But Chair Kevin Warsh Abstains
- **Bitcoin Magazine** — Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
- **CoinTelegraph** — Bybit lands on Singapore MAS Investor Alert List
- **CoinDesk** — Crypto for Advisors: Trading the bitcoin cycle
- **CoinTelegraph** — Bitcoin to $145K by October? Why this 'crazy accurate' 4chan prediction is sketchy
- **CoinTelegraph** — What happens when ChatGPT becomes the front door to crypto
- **CoinDesk** — Algorand unveils roadmap to achieve quantum resistance by 2028
- **CoinTelegraph** — Ledn adds Tether Gold as loan collateral, expanding Bitcoin-backed lending model