According to @KobeissiLetter, net VIX futures positioning among asset managers declined to negative 36.6 million US dollars, the lowest since August 2024 [source: The Kobeissi Letter, Jan 15, 2026 tweet]. Excluding July and August 2024, this is the lowest reading in at least nine years, indicating an extreme positioning against volatility by institutional investors per the source [source: The Kobeissi Letter, Jan 15, 2026 tweet]. The source frames this as institutions betting against market volatility, a signal traders can track when calibrating risk exposure across assets [source: The Kobeissi Letter, Jan 15, 2026 tweet]. The post provides no crypto-specific metrics, but the cross-asset volatility context is relevant for cryptocurrency market monitoring and positioning decisions [source: The Kobeissi Letter, Jan 15, 2026 tweet].