Good now revolutionaries—Will and Doug are back together for the first time in a few weeks, and they're walking through a market that's flashing more red signals than green. Will lays out his Bitcoin doomsday read (key gap at $69K, low-probability tail risk to $30K), why he stays bearish on Hyperliquid even though he thinks it gets one more push to $51-52, and how the Iran war re-escalation, rising bond rates, and rising oil all stack up bearish for risk. 

Hot stops along the way: Pengu (Pudgy Penguins' new "Perfect Pair" bag drops on TikTok), Circle (CRCL — DCA territory between $70 and $105, stochastic RSI overbought reset coming end of month), Corning (GLW — Will tells a listener to take the 43% profits and run), Solana ($40-50 is the level he wants, not now), Aerodrome (Uniswap has officially taken volume leadership on BASE), and a tight read on coffee, sugar, soybeans, and weed.

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