When markets truly bottom, insider buying explodes, smart money steps in aggressively. In crypto, the “mega whale” insider has closed most of his shorts, hinting at a brief reprieve, before plunging lower (sub 100K). But looking at the broader stock market, insider buying is scarce. This is not a recovery; it’s exhaustion. As we move into fall and winter, markets are primed for a brutal washout that will destroy the speculative crowd. We haven’t seen a spike in insider buying or short volatility today, which means this isn’t full-blown panic, yet.(Jacob King)