According to @Andre_Dragosch, markets are not always efficient during extremes in sentiment, leading to persistent price-versus-value divergences that create mispricings for traders to exploit, source: @Andre_Dragosch on X, Dec 6, 2025. He states Bitcoin (BTC) is massively underpriced on absolute and relative valuations when set against his growth outlook for 2026, source: @Andre_Dragosch on X, Dec 6, 2025. He adds that BTC is essentially pricing in a recession that is unlikely to materialize, implying the current discount reflects macro pessimism rather than fundamentals, source: @Andre_Dragosch on X, Dec 6, 2025. He notes the lack of consensus in market commentary is itself a signal that potential alpha exists from this mispricing, summarized as fundamentals minus perception equals opportunity, source: @Andre_Dragosch on X, Dec 6, 2025.

According to The Kobeissi Letter, oil prices have sharply dropped to below $60.00 while the S&P 500 and other risky assets experienced a rebound. This divergence is attributed to oil markets actively pricing in a potential recession and anticipating a sustained decline in global demand, based on market movements observed over recent months (source: The Kobeissi Letter, April 30, 2025). For traders, this signals increased bearish sentiment in crude oil futures and spot markets, emphasizing the importance of monitoring macroeconomic indicators and demand forecasts for short-term trading strategies.